ATHA Energy announces high-grade mineralization in 2024 Angilak Exploration Program
From GlobeNewswire: 2024-11-25 07:00:00
ATHA Energy Corp. releases updated Technical Report on Angilak Uranium Project, establishing Exploration Target for Lac 50 Deposit between 60.8 M lbs and 98.2 M lbs U3O8. Assay results from 2024 Exploration Program show high-grade mineralization, drilling success on 100% of holes. Project remains open along strike and at depth, with additional mineralized horizons. The Company staked additional land in September 2024, controlling entirety of Angikuni Basin. The 2024 Technical Report outlines potential for resource growth at Lac 50 Deposit. Model restricted to drill results from Lac 48, 50, 52, and 54 mineralized Trends. Exploration Target Model ranges from 0.37% U3O8 to 0.48% U3O8. Exploration Program focused on large step-outs and parallel trends to outline production-scale project. Completed in August, program comprised 25 drill holes totaling ~10,051 m. High-grade mineralization found on Lac 50 Trend, with up to 5.85% U3O8 over 0.5 m. Lac 48, 52, 54 Trends also identified as prospective targets. ATHA pleased with success of 2024 Exploration Program, showcasing potential of Angilak Project. Troy Boisjoli, CEO, highlights significance of exploration results in establishing resource potential. VP Exploration, Cliff Revering, emphasizes success in meeting program objectives and identifying additional mineralized zones. Angilak Project hosts Lac 50 Uranium Deposit, with historic mineral resource estimate of 43.3M lbs at 0.69% U3O8. Regional discoveries show similarities to Athabasca Basin. Dipole Showing highlights potential for high-grade uranium. Prospective trends include Lac 48, 52, 54, and additional showings.ATHA enters agreement with Machai Capital for digital marketing campaign. Machai to execute comprehensive marketing services for the Company, focusing on branding, content creation, optimization, and lead generation. Machai specializes in metals & mining, technology, and special situations. Agreement is subject to TSX Venture Exchange approval.Qualified Persons review and approve scientific and technical information in the news release. Matthew Batty, MSc., P.Geo, provides ranges for potential uranium quantity and grade at Lac 50 Deposit. Understood Mineral Resources Ltd. specializes in resource estimation and mine planning.ATHA focuses on development and exploration of uranium assets for clean energy. Portfolio includes Angilak Project, CMB Discoveries, and GMZ high-grade uranium discovery. Company holds largest exploration land package in key uranium basins.ATHA reports historical mineral resource estimates for Angilak, Moran Lake, and Anna Lake Deposits. Estimates are considered historical and not current.ATHA cautions that forward-looking information is subject to business, market, and economic risks. Factors such as exploration success, diversification, and market conditions can impact future results.ATHA strives to update investors on progress and developments as the Company continues exploration and development of its uranium assets.
Read more at GlobeNewswire: ATHA Energy Announces Assay Results From 2024 Angilak