Appia samples 6.21 m of 22.35 wt% TREO at Alces Lake

Nov 9, 2018

2018-11-08 12:40 ET – News Release

Mr. Tom Drivas reports

APPIA RELEASES HIGHLIGHT OF 22.35 WT% TREO OVER 6.21 M AT THE IVAN ZONE; REPORTS WORLD-CLASS TREO RESULTS FROM 4 SURFACE ZONES ON ITS ALCES LAKE PROPERTY

Appia Energy Corp. has provided the remaining analytical results from surface channel samples collected from the Bell, Dante, Dylan and Ivan zones as part of the company’s completed 2018 summer exploration program carried out on the Alces Lake property in Northern Saskatchewan.

All zones exhibited high-grade rare earth element (REE) mineralization; in particular, the Ivan and Dylan zones displayed the highest-grade results returned on the property to date. The highlights from each zone are as follows:

Ivan zone — 22.35 weight per cent total rare earth oxide (TREO) over 6.21 metres (line 6), and 23.24 weight per cent TREO average grade*;
Ivan zone — 53.01 weight per cent TREO over 1.23 metres (line 4), which is the highest grade returned on the property;
Dylan zone — 41.53 weight per cent TREO over 1.02 metres (line 10) and 31.83 weight per cent TREO average grade*;
Dante zone — 22.34 weight per cent TREO over 0.66 metre (line 1) and 13.76 weight per cent TREO average grade*;
Bell zone — 14.31 weight per cent TREO over 1.49 metres (line 4) and 10.24 weight per cent TREO average grade*.

* Note: Average grades for each zone were calculated after applying a cut-off of 4 weight per cent TREO.

Assay results for the 15 drill holes are still pending. They will be announced in the coming weeks as received and analyzed by the company.

James Sykes, vice-president of exploration and development for Appia, commented: “We are extremely pleased with the final results from the surface channel sampling program on the Alces Lake property. Not only do the results from the zones highlighted above compare favourably with previously reported results from the Charles (14.90 weight per cent TREO over 5.1 metres) and Wilson (14.35 weight per cent TREO over 4.75 metres) zones, but the Ivan and Dylan zones truly showcase the high-grade REE potential of the property: these are some of the highest-grade REEs reported in the world.”

The high-grade REO zones have proven to be continuous along strike, which enhances the exploration potential of the property. To date, only 0.5 hectare (1.2 acres) of the property have been stripped of overburden, resulting in seven zones of high-grade REEs having been exposed. An additional nine prospective REE showings are within 400 metres of the current REE zones and at least two additional historical REE showing areas (Forget Lake and Oldman River) still require follow-up on the west side of the property.

Appia plans to continue exploration on the Alces Lake property during summer 2019 with: (i) detailed ground gravity surveys exploring for subsurface REE zones; (ii) continuation of overburden stripping and channel sampling of nine known and two historical REE showings; and (iii) an extensive drill program to further delineate the known REO zones at depth.

Channel sample lines for each zone were spaced approximately 1.0 metre to 2.0 metres apart. Sample lines ranged from 1.0 metre to 7.33 meres in length for all zones (average 2.61 metres in length). A total of 223 samples were diamond saw cut and collected from 101.6 metres of surface exposure. Individual sample length intervals ranged from 0.17 metre to 0.71 metre in length (average 0.5 metre), one inch wide and one inch to two inches deep, with a range of two to 15 contiguous samples per line (average six samples per line).

The Alces Lake property encompasses some of the highest-grade total and critical REE mineralization in the world, hosted within seven surface showings that remain open in all directions. Critical rare earth elements are defined here as those that are in short supply and high demand for use in permanent magnets and modern electronic applications (such as neodymium, praseodymium and dysprosium). The Alces Lake project area is 14,334 hectares (35,420 acres) in size and is 100 per cent owned by Appia.

All sample results were provided by Saskatchewan Research Council’s (SRC) Geoanalytical Laboratory, a laboratory certified under ISO/IEC 17025:2005 (CAN-P-4E) in Saskatoon, Sask., for multielement and REE analysis.

All analytical results reported herein have passed rigorous internal quality assurance/quality control review and compilation. 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.

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.

Appia’s technical team is directed by James Sykes, who has had direct and indirect involvement with over 450 million pounds of U3O8 (triuranium octoxide) being discovered in five deposits in the Athabasca basin.

We seek Safe Harbor.

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