FULL DISCLOSURE: This is sponsored content for ATHA Energy.
The supply and delivery of exploration equipment has been completed by Atha Energy (CSE: SASK) in advance of a planned drill program that is to take place at its Angilak Project in Nunavut. The program, set to take part in two stages, is to begin in June.
The program will see Atha conduct up to 10,000 metres of drilling under a helicopter-supported drill program that will see the use of two X10 diamond drills. The drills are expected to nearly double daily meterage compared to prior campaigns on the project, while at the same time decreasing costs.
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The drill program is set to focus on the Lac 50 Deposit, where drilling is aiming to expand the deposit as a follow-up to the 5,665 metre drill campaign conducted on the property last year by Latitude Uranium. The deposit remains open in all directions, with a new lense of mineralization identified at the deposit last year demonstrating the room for expansion. Highlights from last years program include 7.54% U3O8 that was intersected of 1.6 metres.
Drilling will also see Atha test high priority targets that are on parallel structures to the Lac 50 deposit, which have previously been identified as prospective for uranium.
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Phase two of the program meanwhile will see a geophysics program conducted that consists of airborne electromagnetic, VLF, and mag surveys, in addition to ground geochemistry and sampling. The second phase is intended to identify further targets for future drill testing.
Atha Energy last traded at $0.695 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.
