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Atha Energy (TSXV: SASK) has expanded its land claims at the Angilak project in Nunavut. The company has nearly doubled its land claims in the region, adding 69,704 hectares through the addition of 48 claims via staking, bringing its total holdings at the project to 158,447 hectares.
The additional claims are said to cover the remainder of the Lac 50 structural corridor, as well as a prospective parallel corridor. Both corridors are said to be related to the Snowbird Tectonic Zone, which is a deep crustal structure that extends from Saskatchewan’s Athabasca Basin through to the Angikuni Basin, which hosts the Lac 50 deposit.
Staking of the additional claims is said to be a follow-up to the firms summer 2024 drill program, which is now completed. The program saw 25 holes drilled for a total of 10,051 metres. The program is said to have successfully expanded the historic footprint along the Lac 50 trend, while identifying three new parallel mineralized trends.
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READ: ATHA Energy Concludes 10,000 Metre Drill Program At Angilak
“Extending the Angilak project is a direct result of the successful 2024 exploration program. Over the course of 2024, ATHA materially expanded mineralization at Angilak – in doing so also gained site specific knowledge of potential district scale uranium endowment,” commented CEO Troy Boisjoli on the expansion.
Atha Energy last traded at $0.59 on the TSX Venture.
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.
