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

Stockwatch Daily - - MINES & METALS - Mr. Tom Dri­vas re­ports

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.

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.

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

Nick Bon­tis, Anas­ta­sios Dri­vas, William Roy John­stone, Brian Ernest Robert­son, Thomas Skim­ming, Dou­glas Henry Un­der­hill, Frank van de Wa­ter

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