ATHA Energy Samples 11.3% U3O8 In Boulder Train
FULL DISCLOSURE: This is sponsored content for ATHA Energy.
ATHA Energy (CSE: SASK) is reporting continued success from its massive electro-magnetic survey program being conducted across its holdings in the Athabasca region of Saskatchewan, with additional field reconnaissance also producing highly positive results.
The latest results come from the North Beacon and North Crest projects, which are found in the North Rim Exploration District. A total of 6,905-line kilometres of surveying was conducted across the two properties.
The North Beacon Project, which consists of 16 mineral claims covering 78,435 hectares, hosts two areas where uranium mineralization has been discovered historically. The survey program conducted by ATHA meanwhile identified 88 kilometres of prospective conductors that are associated with sympathetic structures from the Grease River Shear Zone and the Snowbird Tectonic Zone.
More significantly, a uriniferous boulder train was identified at North Beacon, which has graded up to 11.3% U3O8. Analysis of the ice direction suggests that the train is likely derived from a source related to the Snowbird Tectonic Zone, which is found on the Crest project.
At North Crest, ATHA has identified 34 kilometres of prospective conductors which are related to that same Snowbird Tectonic Zone. The project, covering 17,797 hectares via four mineral claims, is found 18 kilometres to the south of the Nisto Mine and boasts three areas of known uranium mineralization.
Both projects are said to be prospective for unconformity and basement styles of uranium mineralization.
READ: ATHA Energy Identifies 24 Km Of Conductive Lineaments At North Valour-East
“These results have elevated North Beacon and North Crest to be high-tier targets for immediate follow-up exploration. A gravity survey has been scheduled in Q1 of 2024 to further evaluate the 122 km of conductive lineaments,” commented Doug Adams, VP of Exploration for ATHA Energy.
A total of 377 kilometres of conductive lineaments and 28 prospective targets have been identified under the current exploration program. To date, seven of seventeen project areas have seen results released from the massive surveying program.
ATHA Energy last traded at $1.18 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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