PotlatchDeltic(US:PCH) newsfilecorp.comยท2024-05-22 11:30Core Viewpoint - Appia Rare Earths & Uranium Corp. has announced significant exploration results from two new targets, Electra and Maia, indicating substantial enrichment of Heavy Rare Earth Oxides (HREO) in the regolith over the Ipora Granite, which is indicative of Ionic Adsorption Clay (IAC) rare earth element deposits [1][2][3]. Group 1: Exploration Results - A total of 196 samples from 25 auger drill holes were analyzed, confirming the presence of HREO in the newly identified targets [1][3]. - Selected intercepts from the auger drill holes include: - PCH-AH-036: 5m at 1646ppm TREO, 381ppm HREO, 53ppm Dy+Tb, 416ppm Nd+Pr from 5m - PCH-AH-042: 3m at 1120ppm TREO, 155ppm HREO, 24ppm Dy+Tb, 225ppm Nd+Pr from 5m - PCH-AH-180: 4m at 1645ppm TREO, 174ppm HREO, 24ppm Dy+Tb, 340ppm Nd+Pr from 1m [3][4]. Group 2: Project Development - The company is advancing to the next phase of definition drilling and preparing a Preliminary Economic Assessment (PEA) report, which will include an expansion of the existing maiden Mineral Resource Estimate [2][4]. - The Electra and Maia targets cover areas of 395 and 321 hectares respectively, contributing to a total of approximately 2,400 hectares across four new target zones [5]. Group 3: Geological Insights - The exploration team has identified well-developed zones with similar lithological characteristics and distribution of REE mineralization associated with the weathered Ipora Granite [4][5]. - The auger drill holes averaged 7.84 meters in depth, with most holes ending in mineralization, indicating potential for further exploration [5]. Group 4: Company Overview - Appia Rare Earths & Uranium Corp. is focused on rare earth elements and uranium, holding rights to explore a significant area in Brazil and other properties in Canada [18]. - The company has 136.3 million common shares outstanding and is actively working to build industry linkages and participate in international forums to support project development [19].