|By Marketwired .||
|May 22, 2014 10:11 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 05/22/14 -- Appia Energy Corp. (the "Company" or "Appia") is pleased to report the results of the geological field work conducted in 2013 on its Alces Lake Property.
The work identified a newly discovered area of Rare Earth Elements (REEs) mineralization containing in excess of 35% total rare earth elements (TREEs) by weight plus uranium and thorium.
The Property, comprising 1,518 hectares (approximately 3,751 acres), is 34 km east-northeast of Uranium City, Northern Saskatchewan and is located along and to the south of Alces Lake. Appia owns 90% of the Property.
The objective of the geological field work was to evaluate and map the extent of mineral occurrences that run up to 28.9% TREE in old trenches (as per sampling by the Saskatchewan Geological Survey (C. Normand, 2010, and other), together with anomalous thorium (Th) and uranium (U) values as a follow-up to earlier work by Appia, the Saskatchewan Geological Survey (SGS) and other companies beginning in the 1950s.
The September 2013 exploration project on the Property, centered near the known Alces Lake REE Showings, has expanded the interest in the region with the discovery of a new area of high radioactivity and REE mineralization, designated the "Ivan" showing which is located 125 metres northeast of the Alces Lake existing trenches.
No previous work had identified the Ivan showing, a boulder strewn area of intermittent outcrop with associated radioactivity locally exceeding 56,000 counts per second (cps). The Ivan area is currently defined by two outcrop samples: #12 and #14, and an intervening sample #13 (from a boulder), along a 35 metres north-south trend. Analyses conducted by SRC Geoanalytical Laboratory, Saskatoon (SRC Lab) on sample #14 from the Ivan showing contains in excess of 35 wt % TREE as shown in the table below.
Mineralization in the REE bearing trenches is confined to biotite-rich layers tentatively interpreted by SGS to represent zones of Potassium-REE metasomatism superimposed on residual material in migmatized garnet-paragneisses. The biotite rich zones appear to occur along fault or shear zones and include high concentrations of REE bearing monazite, believed to be the primary mineral phase hosting the REEs. Biotite-monazite REE bearing mineralization has also been located on the Property within quartzite.
APPIA ENERGY CORP., ALCES LAKE PROPERTY, NORTHERN SASKATCHEWAN Analyses of 12 rock samples by SRC Analytical Laboratory, Saskatoon (Values in ppm except where wt % is noted) 805725 805727 805729 805731 805732 805736 SAMPLE (#1) (#3) (#4) (#5) (#6) (#7) Ce 28200 5120 29300 16200 4930 30200 Dy 191 40.2 182 103 29.5 196 Er 86.4 31.5 83.5 52.2 21.8 88.4 Eu 30.4 7.8 31.4 20.2 6.5 32.6 Gd 846 156 824 490 122 829 Ho 20 8 19 11 3 19 La 14300 2500 15000 8150 2490 15400 Nd 12000 2210 12000 6970 2010 12300 Pr 3500 590 3470 1820 548 3620 Sm 1740 335 1710 1000 278 1760 Tb 94 35 94 52 16 94 Yb 7.6 11.8 6 4.4 1.8 5.4 Sc 13 34 14 16 15 13 Y 340 131 305 179 57 340 Total 61368 11210 63039 35068 10529 64897 Total (%) 6.14% 1.12% 6.30% 3.51% 1.05% 6.49% Th (%) 4.39 0.58 3.98 1.50 1.52 6.94 APPIA ENERGY CORP., ALCES LAKE PROPERTY, NORTHERN SASKATCHEWAN Analyses of 12 rock samples by SRC Analytical Laboratory, Saskatoon (Values in ppm except where wt % is noted) 805734 805735(# 805737 805733 806730 024077 SAMPLE (#9) 10) (#11) (#12) (#13) (#14) Ce 47800 10300 14400 23600 21500 170500 Dy 293 64.2 84.2 248 144 735 Er 135 35.2 44 100 70.8 850 Eu 52.2 13 17.8 28.1 23.9 115 Gd 1320 290 399 819 600 4690 Ho 28 6 9 27 17 115 La 24800 5120 7150 12900 10800 77700 Nd 19600 4270 5990 9890 8850 70250 Pr 5760 1170 1600 2870 2610 19800 Sm 2830 616 839 1490 1280 9970 Tb 148 36 56 97 85 515 Yb 8.6 5.2 4.5 17.3 9.6 35 Sc 14 21 10 7 15 20 Y 484 129 144 754 277 1930 Total 103273 22076 30748 52847 46282 357225 Total (%) 10.33% 2.21% 3.07% 5.28% 4.63% 35.7% Th (%) 9.51 2.57 1.98 6.94 3.34 4.12
1. Samples #12 and #14 (Outcrop), and #13 (Boulder) are from the area of the Ivan mineralization.
2. REE values for samples #2 and #8 are only slightly anomalous, and are not reported here.
3. For sample #14: values are an average of 2 analyses, and; the REs Tm, Lu and Sc are 50 ppm, less than 20 ppm and less than 20ppm, respectively.
Material for analysis was obtained from 14 surface grab samples (excluding blank samples and quality standards) collected from the Property and analyzed by the laboratory. The analytical results were received in December 2013 and were then compiled in the report on the exploration program: "Appia Energy and NRG Exploration Corp., Alces Lake Report, September - 2013, Mineral Disposition #S-112033, Lake Athabasca Area, Saskatchewan".
SRC Geoanalytical Laboratories, Saskatoon, Saskatchewan, prepared and analyzed the samples. The laboratory management system operates in accordance with ISO/IEC 17025:2005 (CAN-P-4E), General Requirements for the Competence of Mineral Testing and Calibration Laboratories. Atomic-emission analysis (ICP) was used to determine the concentration of 15 rare earth elements, as well as Th, U, Sc and several whole rock forming elements.
Tom Drivas, CEO and President of Appia Energy Corp., reports, "These favorable exploration results indicate the presence of very high concentrations of REEs on Appia's Alces Lake Property. Appia plans to conduct an airborne survey to evaluate and explore the Alces Lake property further."
Dr. Douglas Underhill, QP is the qualified person under National Instrument 43-101 and is responsible for this news release.
This News Release contains forward-looking statements which are typically preceded by, followed by or includes the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.
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