Appia Energy completes Alces Lake summer exploration

Oct 12, 2018

2018-10-10 12:52 ET – News Release

Mr. Tom Drivas reports

APPIA COMPLETES EXPLORATION PROGRAM ON HIGH-GRADE CRITICAL RARE EARTH ELEMENT ALCES LAKE PROPERTY; ASSAY RESULTS PENDING

Appia Energy Corp. has completed the summer exploration program carried out on the Alces Lake property in Northern Saskatchewan. The property encompasses some of the highest-grade total and critical REE (rare earth element) mineralization in the world with average grades ranging from 2.0 weight per cent to 47.2 weight per cent total rare earth oxide. Assay results for the 2018 exploration work are still pending and will be announced as they are received and analyzed by the company.

The program consisted of: (i) overburden stripping that delineated seven surface zones (Bell, Charles, Dante, Dylan, Ivan, Wilson and Wilson South-Central); (ii) the collection of 844 systematic channel samples taken from all seven exposed zones; (iii) the collection of six heavy mineral black beach sand samples exploring for sediment-hosted monazite and rare earth elements at surface; and (iv) the completion of 15 diamond drill holes into three of the zones (Charles, Ivan and Wilson).

James Sykes, Appia’s vice-president, exploration and development, commented: “The diamond drill program was the first ever on the Alces Lake property. The drilling phase of the program has successfully shown that concentrations of semi-massive to massive monazite mineralization exposed at surface continues to depths of five to 10 metres below surface and appears to be open at depth.

“We are equally excited about the discovery of three new monazite occurrences between eight and 15 metres below surface at the Charles and Ivan zones. These new discoveries prove the subsurface of the property remains highly prospective for more concentrated REE zones similar to those discovered to date.”

The surface stripping, channel sampling and diamond drilling have provided valuable geological insights that will help the company target areas of potential mineralization beneath the surface.

All drill core samples have been hand delivered to the Saskatchewan Research Council’s (SRC) Geoanalytical Laboratory, a laboratory in Saskatoon certified under ISO/IEC 17025:2005 (CAN-P-4E).

The Alces Lake property encompasses some of the highest-grade total and critical rare earth element mineralization in the world, hosted within seven surface showings that remain open in all directions*. Critical rare earth elements are defined herein as those that are in short supply and high demand for use in permanent magnets, for electric vehicles, wind turbines and other modern electronic applications (such as neodymium, praseodymium and dysprosium). The Alces Lake project area is 14,334 hectares (35,420 acres) in size.

* Note: The Alces Lake rare earth element grades were compared with global rare earth element deposit grades. The global rare earth element deposit information was derived from publicly available information as of Jan. 31, 2018, from individual company websites, SEDAR technical report filings and the Technology Metals Research Advanced Rare Earth Projects Index.

About Appia Energy Corp.

Appia is a Canadian publicly traded company in the uranium and rare earth element sectors. The company is currently focusing on delineating high-grade critical rare earth elements and uranium on the Alces Lake property as well as prospecting for high-grade uranium in the prolific Athabasca basin on its Loranger, North Wollaston and Eastside properties. The company holds 100 per cent of the surface rights to exploration over 63,980 hectares (158,098 acres) in Saskatchewan.

The technical content in this news release was reviewed and approved by Thomas Skimming, PEng, a director of Appia and a qualified person as defined by National Instrument 43-101.

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