ATHA Energy Enhances Uranium Exploration in Northern Canada

ATHA Energy's New Explorations in Uranium

ATHA Energy Corp, a notable Canadian mineral company, has unveiled impressive results stemming from its Airborne Mobile MagnetoTellurics (MMT) survey conducted at the Angilak Uranium Project. This project is located in a strategically significant area known for its mineral richness.

Major Discoveries in the Angilak Project

The results of the MMT survey indicate that over 100 km of cumulative prospective conductors have been detected, revealing a depth of mineralization at the Lac 50 Deposit that extends beyond 1 km. Alongside this, a newly discovered 25 km conductive trend has emerged along the western edge of the Angikuni Basin. This trend shares characteristics with those seen in the renowned Athabasca Basin deposits, which are known for their high-grade uranium mineralization.

Survey Objectives Achieved

This MMT survey covered about 85% of the original project area before 2024 staking, including the critical Lac 50 Deposit. The main objectives included ascertaining the depth and lateral spread of conductive horizons that host uranium mineralization at Lac 50, along with uncovering regional high-grade uranium showings such as the notable Nine-Iron Discovery. Furthermore, the survey sought to map prospective conductors and pinpoint new structural targets along the basin's margins.

Exciting Potential of the Lac 50 Deposit

The Lac 50 Deposit's 2024 Exploration Model suggests the presence of between 60.8 million and 98.2 million pounds of uranium oxide (U3O8), with an average grade that ranges from 0.37% to 0.48%. Though not part of the 2024 model, the Nine Iron Discovery has shown mineralization up to 1.25% U3O8. Notably, survey results reveal that the conductive horizons at Nine Iron extend from the surface down to depths exceeding 800 m.

Historical Insight from Rib Discovery

Historical exploration efforts in the 1970s at the Rib Discovery site, located within the newly recognized Western Margin Trend, uncovered shallow uranium mineralization grades as high as 5.6% U3O8. Current survey results indicate continuity of this conductive horizon from the surface down more than 1 km, affirming the potential at this location.

Words from the Leadership Team

Troy Boisjoli, the CEO of ATHA, articulated that the results signify a pivotal step in maximizing the project's overall potential and highlight the vast scope and promise of the Angilak Project. Echoing these sentiments, Cliff Revering, VP of Exploration, noted that these findings reinforce the concept of the Angilak Project evolving into an increasingly recognized uranium district.

ATHA Energy's Stand in Uranium Exploration

ATHA holds the most extensive portfolio for uranium exploration across some of the highest-grade uranium districts worldwide. This positions the company strategically to capitalize on its recent discoveries. The Angilak Uranium Project is particularly noteworthy, housing the Lac 50 Uranium Deposit which has a legacy of historical mineral resource estimates alongside several regional finds of uranium mineralization.

Frequently Asked Questions

What is the significance of the MMT survey results?

The MMT survey identified significant conductive horizons and expanded the exploration potential of uranium at the Angilak Project.

Where is the Angilak Uranium Project located?

The Angilak Uranium Project is based in Nunavut, Canada, a region recognized for its uranium mineralization potential.

What were the key findings from the survey?

The survey revealed over 100 km of prospective conductors and indicated depths of mineralization exceeding 1 km at the Lac 50 Deposit.

Who leads ATHA Energy Corp?

Troy Boisjoli serves as the CEO, with Cliff Revering as the VP of Exploration, both playing crucial roles in driving the company's exploration success.

What potential does ATHA Energy have in the uranium market?

With extensive holdings and significant recent discoveries, ATHA Energy is well-positioned to become a leader in the uranium exploration sector.

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