Atha talks up drill hole at Angilak uranium project
Executive Summary
- Atha Energy announced a major new discovery along the Mineralized Rib Corridor (MRC) with drill hole RIBN‑DD‑001 delivering the best exploration intercept to date: 26.3 m total composite uranium mineralization, including 1.9 m of high‑grade material and a peak radioactivity of 55,730 CPS.
- The discovery extends continuous mineralization across an estimated 4.4 km strike on the eastern limb of the MRC and adds to a total of ~12 km of stacked conductors identified along the corridor.
- Additional drill holes (RIBS‑DD‑001 and RIBW‑DD‑003) confirm low‑grade mineralization at Rib South and high‑grade intervals on the western limb, reinforcing the district‑scale potential of the Angilak project.
Key Details
- Hole RIBN‑DD‑001 (Rib North):
- Total composite interval = 26.3 m (345.55 – 460.05 m)
- High‑grade segment = 1.9 m within the total interval
- Continuous mineralization = 13.6 m (426.25 – 439.85 m) with 1.7 m high‑grade portion
- Maximum radioactivity = 55,730 CPS; average radioactivity in continuous zone ≈ ? CPS
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Mineralization starts just above the unconformity at 356.7 m and extends into graphitic basement rock, displaying vein‑style, basement‑hosted characteristics similar to Athabasca deposits.
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Hole RIBS‑DD‑001 (Rib South):
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Total composite interval = 2.1 m low‑grade mineralization across three zones.
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Hole RIBW‑DD‑003 (Western Limb):
- Continuous interval = 1.8 m (234.15 – 235.98 m) with 0.2 m high‑grade segment
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Average radioactivity = 2,635 CPS; peak = 16,030 CPS.
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MRC Extent:
- Eastern limb mineralization now traced over ~4.4 km strike (Rib South → Rib East → Rib North).
- Western limb mineralization traced over ~4.0 km strike (Historic Rib discovery → Rib West discovery).
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Overall corridor comprises >12 km of stacked conductors based on EM inversion modeling; remains open for further discoveries.
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Analytical Verification: Core samples sent to Saskatchewan Research Council (ISO/IEC 17025:2005 accredited) for multi‑element analysis, including uranium by fluorimetry.
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Qualified Person: Cliff Revering, P.Eng., Vice‑President Exploration, reviewed and approved the technical information per NI 43‑101.
Notable Quotes
“The newest drill hole results from the Rib North discovery … demonstrate that the Angilak uranium project has the potential to host thick, high‑grade, basement‑hosted uranium mineralization on scale similar to what is found in the Athabasca basin.” – Troy Boisjoli, CEO
“We continue to see compelling evidence of the immense potential within the Rib regional target area… our thesis that the Angikuni basin is an emerging new uranium district … is steadily being validated.” – Cliff Revering, VP Exploration