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    API   CA03783P1018

APPIA RARE EARTHS & URANIUM CORP.

(API)
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Appia Energy Corp. Announces Discovery of New Massive and Semi-Massive Monazite Zones At Wilson North and Provides Update on Alces Lake Drill Program

10/13/2021 | 09:29am EST

Appia Energy Corp. announced that the current drilling program has discovered new and previously unknown occurrences of massive and semi-massive monazite in the Wilson North area of Alces Lake. The Company's exploration program is continuing with two drills aimed at expanding and confirming the extent of the estimated high-grade mineralization of rare earth elements ("REE") and gallium in the 100%-owned Alces Lake project, Athabasca Basin area, northern Saskatchewan. Diamond drilling continues with two drills active on the property. One drill is testing the continuity and depth extent of the Wilson-Richard-Charles-Bell zones (WRCB), while the other moves across the property, exploring new drill targets. Highlights include: Massive to semi-massive monazite intersected at the previously undrilled Wilson North target with in newly-discovered multiple sub-parallel zones. Completion of 61 drill holes (4,575 m) out of an expected total of 103 drill holes (7,580 m estimated total). Continued drilling at WRCB, Diablo and Oldman River. Phase One drilling at Biotite Lake, Danny and Sweet Chili Heat with monazite occurrences identified in each area. 1,091 samples are currently being analyzed at the Saskatchewan Research Council's Geoanalytical Laboratories in Saskatoon. WRCB - Wilson North Discovery: A total of 27 drill holes (2,460 m) have been completed at WRCB, with at least 27 holes (2,360 m) remaining. The program is focussed on previously undrilled high-grade trends and defining lower-grade zones, as well as determining the orientation of mineralized structures and infilling areas of presumed continuity. Promising observations of massive to semi-massive monazite have been discovered in the recently drilled 21-WRC-015 hole in the Wilson North Area. Previously undrilled due to logistical challenges, Wilson North 21-WRC-015 has returned multiple occurrences of massive to semi-massive monazite to a vertical depth of 30 m, across multiple zones. Regional Targets: Regional drilling at Alces Lake has been prioritized for several promising targets across the property and 34 holes (2,110 m) have been completed. Monazite mineralization was encountered in each area, with assays pending. Biotite Lake - 13 holes (685 m); Danny - 7 holes (430 m); Sweet Chili Heat - 14 holes (995 m). A total of 15 holes (910 m) remain for the regional drill program, with time allotted for additional follow-up holes: Diablo - 4 holes (235 m); Oldman River - 11 holes (675 m).


© S&P Capital IQ 2021
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Financials
Sales 2020 - - -
Net income 2020 -1,80 M -1,40 M -1,40 M
Net cash 2020 1,76 M 1,38 M 1,38 M
P/E ratio 2020 -14,4x
Yield 2020 -
Capitalization 62,0 M 48,4 M 48,4 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 66,9%
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Last Close Price 0,53 
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Managers and Directors
Anastasios Drivas Chief Executive Officer & Director
J. Frederick Kozak President
Frank van de Water Chief Financial Officer, Secretary & Director
Brian E. Robertson Independent Director
Thomas Skimming Independent Director
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