Highlights:
- ATHA Energy (SASKF, Financial) has completed mobilization for the 2025 exploration program at the Angilak Uranium Project.
- Ground gravity and electromagnetic surveys have commenced along the 31 km Rib-Nine Iron Trend.
- Diamond drilling is scheduled to begin in early June 2025, targeting high-grade uranium deposits.
ATHA Energy Corp. (SASKF) has announced the completion of mobilization for its 2025 exploration program at the Angilak Uranium Project in Nunavut. The program includes the deployment of fuel and equipment necessary for upcoming field activities. The focus is on a detailed ground gravity and electromagnetic survey along the highly prospective 31 km Rib-Nine Iron Trend, which lies beneath the Angikuni Basin.
The Rib-Nine Iron Trend hosts several significant targets, including the RIB, KU, and Nine-Iron Discoveries. Historical trench samples at KU Discovery have shown uranium concentrations as high as 30.7% U3O8, with Nine-Iron showing surface samples up to 30.3% U3O8. These promising results suggest potential for further expansion of uranium resources in the region.
Diamond drilling is anticipated to begin in early June 2025, with a focus on targeting shallow, high-grade uranium deposits. ATHA's previous 2024 campaign at the nearby Lac 50 Deposit resulted in all 25 step-out holes showing mineralization, underscoring the project's potential.
The Angilak Project, located approximately 225 km southwest of Baker Lake, is positioned to significantly impact the global uranium landscape, aiming to define discoveries that could elevate the project's importance globally. ATHA Energy's strategic exploration in the Angikuni Basin is part of its broader commitment to advancing clean energy solutions.
