ATHA Energy's 2024 Exploration Uncovers New Mineral Trends
ATHA Energy Completes Successful Exploration Program
HIGHLIGHTS:
- The Angilak Project is home to the Lac 50 Uranium Deposit, among the largest high-grade deposits, with a significant historical resource estimate. Recent drilling revealed impressive grades of uranium.
- The 2024 Exploration Program included twenty-five diamond drill holes, successfully meeting all objectives and remaining on budget.
- New parallel mineralized trends were identified, namely Lac 48, Lac 52, and Lac 54, all of which present further discovery potential.
- Active exploration has confirmed that the Lac 50 and newly identified trends continue to show promise for additional mineralization.
- Regional Exploration Success: Thirteen holes were drilled at regional targets, all resulting in new uranium lenses or expanding previously known zones.
Expansion of Mineralization at Lac 50
The Angilak exploration efforts aim to expand the well-studied Lac 50 Uranium Deposit. For this purpose, a total of twelve holes targeted extensions beyond existing models, achieving significant finds and confirming new geological layers.
Details on the Lac 50 Exploration
Holes drilled in the Jay4/Ray Zones demonstrated extended mineralization, confirming significant deposits beyond known boundaries, thus pushing the prospective strike length to approximately 1.8 km.
Significant Findings by New Trends
The Lac 52 Trend underwent eight holes during this year's program, revealing high-grade intersections including spectacular readings of up to 30,273.4 counts per second, proving the area's richness in uranium assets.
Future Exploration Directions
Upcoming phases will include further geophysics and ground geochemistry work designed to enhance understanding of the mineralization settings and help guide future drilling efforts.
Company's Commitment
Troy Boisjoli, CEO, expressed enthusiasm about the exploration results, emphasizing the project's potential to significantly contribute to the uranium supply amid changing market demands. Furthermore, Cliff Revering, VP Exploration, highlighted the technical team's dedication to uncovering new uranium resources.
Frequently Asked Questions
What is the Angilak Project known for?
The Angilak Project is noted for hosting one of the largest high-grade uranium deposits, the Lac 50 Uranium Deposit.
What were the results of the 2024 Exploration Program?
The program successfully completed twenty-five drill holes, revealing expanded mineralization, high-grade intersections, and new uranium trends.
What are the new trends identified during exploration?
The newly identified trends are Lac 48, Lac 52, and Lac 54, which all show potential for further uranium discoveries.
How does ATHA ensure the quality of its exploration work?
All scientific and technical information has been reviewed by a qualified person, ensuring credibility and adherence to standards.
How can potential investors get more information about ATHA Energy?
Investors can learn more by contacting the company directly through their official website or reaching out to their CEO, Troy Boisjoli.
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