FULL DISCLOSURE: This is sponsored content for ATHA Energy.
Results continue to come in from ATHA Energy’s (CSE: SASK) massive maiden 2023 exploration program within the Athabasca Region of Saskatchewan. The program saw seventeen electromagnetic surveys conducted across the company’s portfolio of 3.4 million acres of land claims.
The latest survey results come from the wholly owned Apex project, which is found within the East Rim Exploration District. A total of 3,608 line kilometres were flown here, identifying an estimated 145 kilometres of conductors within the Wollaston domain. The survey is said to indicate that the property has the right conditions for the discovery of basement-hosted uranium mineralization.
Three high-priority areas were identified within the East Apex project, including the North Target, Central Target, and South Target. The North Target is a high priority structurally complex area, where grab samples showed radioactivity as high as 2,500 cps.
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The Central Target meanwhile experienced previous drilling that intersected 40 metres of 15-25% graphitic sulphides, indicating that it could host an active polymetallic system that could be prospective for uranium. Finally, the South Target had a strong conductive response that could suggest continuity of the prospective conductor found at the Central Target.
WATCH: ATHA Energy: Exploration In Saskatchewan’s Athabasca Basin
The East Apex project is notably found within 33 kilometres of Cameco’s Key Lake Mine, which historically produced 209.8 million pounds of U3O8 at a grade of 2.32%. The project is proximal to the Wollaston-Mudjatik Transition Zone, which hosts both the McArthur River and Cigar Lake mines, two of the highest grade mines globally. The project consists of nine mineral claims covering 117,897 acres.
The exploration program as a whole so far has identified 267 kilometres of conductive lineaments and eighteen prospective targets, with results received and processed on five of seventeen project areas.
ATHA Energy last traded at $0.99 on the CSE.
FULL DISCLOSURE: ATHA Energy is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of ATHA Energy. The author has been compensated to cover ATHA Energy on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
