Toronto, Ontario--(Newsfile Corp. - August 29, 2017) - Appia Energy Corp. (CSE: API) (OTC: APAAF) (FSE: A0I) (MU: A0I) (BE: A0I) (the "Company" or "Appia) is pleased to announce that Terraquest Ltd. ("Terraquest") has commenced flying approximately 1,178 line-kilometres High Resolution Aeromagnetic Gradiometer, Radiometric, Digital Matrix VLF-EM Survey (the "Survey") over the Company's Eastside property (the "Property"). The Property comprises 4,736 hectares (11,702 acres) and is located 50 km east of the Company's Loranger property and 85 km east of Cameco's Rabbit Lake mill and the eastern edge of the Athabasca Basin, northern Saskatchewan.
Airborne and ground exploration was conducted on the property and surrounding area between 1968 and 1980. A 1975 airborne survey identified a 4-km wide radiometric anomaly on the Property. Follow-up ground prospecting programs located outcrops and boulders containing elevated concentrations of uranium within and peripheral to the radiometric anomaly. A total of 161 outcrop and boulder samples returned a range of 2 to 7,575 ppm uranium, producing an average grade of 360 ppm uranium. Twelve samples contained greater than 1,000 ppm uranium. Three outcrop samples along a 1.7 km geological strike returned 2,538 ppm, 6,650 ppm and 7,575 ppm uranium. Five boulders of similar lithological provenance to the outcrops, and located down-ice from the outcrops, returned greater than 1,000 ppm uranium.
The Survey is expected to be completed in early September, with the final results to be reported as received and analyzed by the Company.
About Appia
Appia is a Canadian publicly-traded company in the uranium and rare earth sectors. The Company is currently focusing on discovering high-grade uranium in the prolific Athabasca Basin on its recently acquired properties, Loranger, Otherside and Eastside, as well as currently delineating high-grade REE's and uranium on its Alces Lake property. The company holds the surface rights to exploration for 63,504 hectares (156,922 acres) in Saskatchewan.
Appia's technical team is directed by James Sykes, who has had direct and indirect involvement with over 350 M lbs. U3O8 being discovered in five deposits in the Athabasca Basin.
Appia currently has 52.3 million common shares outstanding, 65.3 million shares fully diluted.
Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Tom Drivas, President, CEO and Director: (tel) 416-546-2707, (fax) 416-218-9772 or (email) appia@appiaenergy.ca
James Sykes, Director of Saskatchewan Operations, (tel) 306-221-8717, (fax) 416-218-9772 or (email) jsykes@uraniumgeologist.com
Frank van de Water, Chief Financial Officer and Director, (tel) 416-546-2707, (fax) 416-218-9772 or (email) fvandewater@rogers.com
