ATHA Energy Identifies 20 Km Of High Priority Conductive Lineaments In Athabasca Basin
FULL DISCLOSURE: This is sponsored content for ATHA Energy.
ATHA Energy (CSE: SASK) has completed two electromagnetic surveys at its properties within the Athabasca Region of Saskatchewan within the North Rim Exploration District.
The surveys were completed at the firms wholly owned North Terra and North Pinnacle projects, with the surveys conducted by Axiom. The surveys consisted of TDEM, with a total of 7,166-line kilometres flown within two separate blocks.
Numerous conductors are said to have been identified as a result of the surveys, with the conductors having cross-cutting structures. The results are said to be indicative of traps capable of hosting uranium mineralization, with 20 kilometres of high-priority conductive lineaments identified across the two properties.
“The immediate results from these surveys identified a structural corridor with localized complexity related to northwest tending structural lineation. The interpreted structural regime is an analog to the Fond du Lac Zone that was discovered in the 1970’s. With that in mind the intersection pattern along the Grease River Shear Zone identifies potential targets for subsequent geophysical or geochemical surveys along the Grease River to the east and west from the known zone,” commented VP of Exploration Doug Adams.
The surveys conducted are part of ATHA’s maiden exploration program, which will see a total of seventeen EM surveys conducted across the Athabasca Basin, the largest ever multi-platform EM survey to be conducted across the region. The program has been divided into four distinct regions, comprised of the North Rim, East Rim, West Rim, and Cable Bay districts.
At the North Rim, where the North Terra and North Pinnacle projects are found, ATHA is using a combination of XciteTM, TDEM, ZTEM, MMT and QMAGt survey types to identify prospective conductive units that are worthy of further investigation. Specific to the North Terra and North Pinnacle projects, both have a large presence on the Grease River Shear Zone, which hosts Fond du Lac, a historical unconformity-type uranium zone first identified in the 1970’s.
ATHA Energy last traded at $1.24 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.
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