ATHA Energy Discovers Mineralization Within the Angikuni Basin in First Hole at KU Target and Drilling at Lac 50 Deposit Extends Mineralization
ATHA Energy (OTCQB:SASKF) has announced significant results from its first two diamond drill holes at the Angilak Uranium Project in Nunavut. The company's maiden drill hole at the KU Discovery Target successfully intersected shallow high-grade uranium mineralization, with a continuous shallow zone showing max radioactivity up to 18,490 CPS. The hole revealed total composite mineralization of 7.1m.
At the Lac 50 Deposit, drilling extended mineralization down-dip by ~100m, with hole J4R-DD-0091 intersecting 3.8m of composite mineralization including 0.4m of >10,000 CPS. These results are part of ATHA's 2025 Angilak Exploration Program, which comprises approximately 10,000m of diamond drilling.
The findings validate ATHA's thesis that the 31km RIB-Nine Iron corridor is prospective for hosting uranium mineralization within the Angikuni Basin, which they consider a direct analog to the Athabasca Basin.ATHA Energy (OTCQB:SASKF) ha annunciato risultati significativi dai suoi primi due fori di perforazione diamantata presso il Progetto Uranio Angilak in Nunavut. Il primo foro di perforazione dell'azienda al KU Discovery Target ha intercettato con successo mineralizzazione di uranio ad alta concentrazione in una zona superficiale, con una radioattività massima continua fino a 18.490 CPS. Il foro ha rivelato una mineralizzazione composita totale di 7,1 m.
Al Deposito Lac 50, la perforazione ha esteso la mineralizzazione verso il basso di circa 100 m, con il foro J4R-DD-0091 che ha intercettato 3,8 m di mineralizzazione composita, inclusi 0,4 m con radioattività superiore a 10.000 CPS. Questi risultati fanno parte del Programma di Esplorazione Angilak 2025 di ATHA, che prevede circa 10.000 m di perforazioni diamantate.
I risultati confermano la tesi di ATHA secondo cui il corridoio RIB-Nine Iron di 31 km è promettente per ospitare mineralizzazione di uranio all’interno del Bacino di Angikuni, considerato un analogo diretto del Bacino di Athabasca.
ATHA Energy (OTCQB:SASKF) ha anunciado resultados significativos de sus dos primeros taladros diamantinos en el Proyecto de Uranio Angilak en Nunavut. El primer taladro de la compañía en el KU Discovery Target intersectó con éxito mineralización de uranio de alta ley en una zona superficial, con una radioactividad máxima continua de hasta 18,490 CPS. El taladro reveló una mineralización compuesta total de 7.1 m.
En el Depósito Lac 50, la perforación extendió la mineralización hacia abajo aproximadamente 100 m, con el taladro J4R-DD-0091 intersectando 3.8 m de mineralización compuesta, incluyendo 0.4 m con más de 10,000 CPS. Estos resultados forman parte del Programa de Exploración Angilak 2025 de ATHA, que comprende aproximadamente 10,000 m de perforación diamantina.
Los hallazgos validan la tesis de ATHA de que el corredor RIB-Nine Iron de 31 km tiene potencial para albergar mineralización de uranio dentro de la Cuenca Angikuni, que consideran un análogo directo de la Cuenca Athabasca.
ATHA Energy (OTCQB:SASKF)는 누나부트의 앙길락 우라늄 프로젝트에서 첫 두 개의 다이아몬드 시추공에서 중요한 결과를 발표했습니다. 회사의 첫 시추공인 KU Discovery Target에서 얕은 고등급 우라늄 광화대를 성공적으로 관통했으며, 최대 방사능이 18,490 CPS에 이르는 연속적인 얕은 구간이 확인되었습니다. 시추공은 총 7.1m의 복합 광화대를 드러냈습니다.
Lac 50 광상에서는 시추가 약 100m 아래로 광화대를 확장시켰으며, J4R-DD-0091 시추공은 3.8m의 복합 광화대를 관통했고 그중 0.4m 구간은 10,000 CPS 이상의 방사능을 기록했습니다. 이 결과들은 약 10,000m의 다이아몬드 시추를 포함하는 ATHA의 2025년 앙길락 탐사 프로그램의 일부입니다.
이번 발견은 ATHA가 31km 길이의 RIB-Nine Iron 지대가 앙기쿠니 분지 내 우라늄 광화대를 보유할 가능성이 높다는 가설을 입증하며, 이 분지는 아타바스카 분지와 직접적인 유사점이 있다고 평가됩니다.
ATHA Energy (OTCQB:SASKF) a annoncé des résultats significatifs issus de ses deux premiers forages diamantés sur le projet d'uranium Angilak au Nunavut. Le premier forage de la société sur la cible KU Discovery a réussi à intersecter une minéralisation d'uranium à haute teneur en zone peu profonde, avec une zone continue présentant une radioactivité maximale allant jusqu'à 18 490 CPS. Le forage a révélé une minéralisation composite totale de 7,1 m.
Au gisement Lac 50, le forage a étendu la minéralisation en direction du pendage d'environ 100 m, avec le trou J4R-DD-0091 intersectant 3,8 m de minéralisation composite incluant 0,4 m à plus de 10 000 CPS. Ces résultats font partie du programme d'exploration Angilak 2025 d'ATHA, qui comprend environ 10 000 m de forage diamanté.
Ces découvertes confirment la thèse d'ATHA selon laquelle le corridor RIB-Nine Iron de 31 km est prometteur pour héberger une minéralisation d'uranium dans le bassin d'Angikuni, considéré comme un analogue direct du bassin d'Athabasca.
ATHA Energy (OTCQB:SASKF) hat bedeutende Ergebnisse aus den ersten beiden Diamantbohrlöchern im Angilak Uranium Projekt in Nunavut bekannt gegeben. Das erste Bohrloch des Unternehmens am KU Discovery Target durchteufte erfolgreich eine flache, hochgradige Uranmineralisierung mit einer kontinuierlichen flachen Zone, die eine maximale Radioaktivität von bis zu 18.490 CPS aufwies. Das Bohrloch zeigte eine Gesamtmineralisierung von 7,1 m.
Am Lac 50 Lagerstätte wurde die Mineralisierung hangabwärts um ca. 100 m erweitert, wobei das Bohrloch J4R-DD-0091 3,8 m zusammengesetzte Mineralisierung durchteufte, darunter 0,4 m mit mehr als 10.000 CPS. Diese Ergebnisse sind Teil des Angilak Erkundungsprogramms 2025 von ATHA, das etwa 10.000 m Diamantbohrungen umfasst.
Die Ergebnisse bestätigen ATHAs These, dass der 31 km lange RIB-Nine Iron Korridor vielversprechend für das Vorhandensein von Uranmineralisierung im Angikuni Becken ist, welches als direktes Analog zum Athabasca-Becken angesehen wird.
- Discovery of new uranium mineralization zone in maiden drill hole at KU Target
- Successful intersection of shallow high-grade uranium with max radioactivity of 18,490 CPS
- Extension of Lac 50 Deposit mineralization by ~100m down-dip
- Confirmation of 31km RIB-Nine Iron corridor's uranium mineralization potential
- 100% ownership of the Angilak Uranium Project
- Early-stage exploration with mineralization extent yet to be fully determined
- Results based on radioactivity measurements (CPS) rather than final assays
HIGHLIGHTS
Completes first two drill holes of its 2025 Angilak Exploration Program comprising ~10,000m of diamond drilling.
KU Discovery Target:
The maiden drill hole, KU-DD-001 successfully targeted stacked gravity and structural anomalies (Figure 2), intersecting shallow high-grade uranium mineralization as well as numerous zones of lower-grade mineralization throughout the hole. The hole intersected total composite mineralization of 7.1 m, including a continuous shallow zone (between 84.95 m and 87.45 m) of 0.7 m of high-grade mineralization that had max radioactivity up to 18,490 CPS (Figures 3 & 4).
The initial drilling at the KU Discovery Target confirms the Company's thesis that the 31 km long RIB-Nine Iron corridor is prospective for hosting uranium mineralization within the Angikuni Basin.
The KU Discovery target is located within the Angikuni Basin, approximately 3 km from the northern margin, where historical trench sampling returned grades up to
30.7% U 3 O 8 .In May 2025, ATHA completed a ground gravity and electromagnetic (EM) survey, designed to vector in on priority targets along the highly prospective 31 km Rib-Nine Iron Trend, under cover of the Angikuni Basin - a direct analog to the Athabasca Basin.
At KU, the survey identified a large - 2 km long by 500 m wide geophysical gravity anomaly. Additionally, a geological structural study was completed in May by SRK Consulting, highlighting numerous interpreted NW-SE faults and cross cutting E-W faults. The gravity survey demonstrates the identified anomalies are coincident with the modeled faults, and the historical high-grade surficial mineralization.
Lac 50 Deposit:
The first hole targeted the J4/Ray zones located along the Lac 50 Trend (Figure 2). The hole successfully extended mineralization down-dip by ~100 m, demonstrating that the Lac 50 Deposit remains open and unconstrained, both along strike and at depth.
J4R-DD-0091 intersected 3.8 m of composite mineralization including 0.4 m of >10,000 CPS up to a max of 14,826 CPS (Figure 5).
The 2025 Angilak Exploration Program will continue to target expansion of the mineralized envelop at the Lac 50 Deposit while also testing regional targets along the RIB-Nine Iron Corridor.
Troy Boisjoli, CEO commented: " The results from our first two diamond drill holes completed as part of the 2025 Angilak Exploration Program highlight two things. First, the robust metal endowment at the Angilak Uranium Project, and second, the successful systematic exploration approach of our world class technical team. The discovery of a new zone of mineralization on a maiden drill hole in a new area and the continued expansion at the Lac 50 Deposit is truly remarkable. Both confirm the Company's exploration thesis, substantially derisking the numerous prospective regional targets, providing a roadmap for executing on successful discoveries. All this at a time when the macro thesis for uranium as the fuel for the New Nuclear Renaissance is top of mind for the world. ATHA Energy and our Angilak Project is well positioned to be a critical player in this cycle."
Cliff Revering, VP Exploration added: " Since acquiring the Angilak Project in April 2024, we have focused on developing our understanding of the regional geology, structural architecture and mineralization controls within the Lac 50 Deposit area and Angikuni Basin. As a result, our first hole in the KU target area not only intersected a significant mineralized structural corridor, but also a large graphitic fault breccia zone displaying substantial vertical displacement of the basin unconformity - geological conditions which are extremely favorable for deposition of unconformity-related uranium mineralization. Our thesis of the Angikuni Basin being an emerging uranium district and highly prospective for discovery of additional uranium deposits continues to unfold. "
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / June 24, 2025 / ATHA Energy Corp. (TSX.V:SASK)(FRA:X5U)(OTCQB:SASKF) ("ATHA" or the "Company"), is pleased to announce results for the first two diamond drill holes completed as part its 2025 Angilak diamond drill exploration program at its
The maiden drill hole at the KU Discovery Target intersected five zones of uranium mineralization, including a shallow high-grade lense. The results demonstrate the Company's thesis that the Angikuni Basin is a direct analog to the Athabasca Basin, and that the 31 km RIB-Nine Iron Trend remains prospective for additional discoveries. At the Lac 50 Deposit, the first hole drilled at the J4/Ray Zone along the Lac 50 Trend intersected four zones of uranium mineralization, expanding the down-dip extents of the envelop of mineralization. J4R-DD-091 demonstrates that the Lac 50 Deposit remains open and unconstrained.
Figure 1: Angilak Project Area - 2025 Exploration Target Area (Black Rectangles) & Mapped Historic
*Notes:
I Previous operators of the Angilak Project completed 24 diamond drill holes in the Dipole Showing and intersected grades of up to
II Along the western margin, historic drilling at the RIB Discovery intersected shallow (<25 m depth) mineralization with grades of up to
III Mushroom Lake surface outcrop spans an area of 3 km on surface with historical outcrops samples grading up to
IV Nine-Iron showing with 5 historical diamond drill holes. Intersections of shallow uranium mineralization, grades up to
Figure 2: Angilak Project Area - 2025 Drill Collar Locations
Table 1: 2025 Angilak Exploration Program Drill Collar Information
Hole ID | Trend | Zone | Azimuth (°) | Dip (°) | Easting (mE) | Northing (mN) | Elevation (m) | Final Depth (m) |
KU-DD-001 | RIB-Nine Iron | KU Target | 30 | 70 | 515830 | 6936190 | 256.5 | 599 |
J4R-DD-091 | Lac 50 | J4/Ray | 25 | 57 | 522295 | 6938558 | 218.0 | 650 |
Figure 3: KU-DD-001 Cross-section displaying interpreted structure and downhole drill results
Figure 4: Striplog KU-DD-001
Figure 5: Striplog J4R-DD-091
Disclaimer for Historical Drilling and Outcrop Samples
Certain noted technical information provided herein has been derived exclusively and without independent verification from the following reports. Such information is historical in nature and is not considered by the Company to be current. In each case, the reliability of the historical information is considered reasonable by the Company. The historical information provides an indication of the exploration potential of the properties but may not be representative of expected results. Readers should read the entirety of such noted reports to fully understand the nature of the information referenced herein. Samples, including, without limitation, outcrop samples, by their nature, are selective in nature and significant variations may be seen from sample to sample. Accordingly, sample information may not be representative of the true underlying mineralization.
References for Historic Diamond Drilling Results
1. Papish, N.Z. 1978. 1978 Diamond Drill Report, Keewatin District N.W.T. Yathkyed Lake Area. Noranda Exploration company Assessment Report. March 6, 1979. A copy of such report is available on the website of the Government of Nunavut at https://nunavutgeoscience.ca/en/.
2. Dufresne, M.B., Sim, R. and Davis B., (2013). Technical report And Resource Update for the Angilak Project, Kivalliq Region, Nunavut. Technical Report prepared on behalf of Kivalliq Energy Corporation, March 1st, 2013. A copy of such report is available on the SEDAR+ profile of Kivalliq Energy Corporation at www.sedarplus.com.
3. Dufresne, M.B. and Schoeman, P. (2023). Technical report on the Angilak Project, Kivalliq Region, Nunavut. Technical Report prepared on behalf of ATHA Energy Corp. and Labrador Uranium Inc., January 31st, 2024. A copy of such report is available on the SEDAR+ profile of the Company at www.sedarplus.com.
References for Historic Surficial Sampling
4. Ward, j., Maynes, A., McNie, E., Forbes, A. and Stacey, J. 2012. Report on 2010 and 2011 Exploration Activity on Kivalliq Corporation's Angilak IOCG-Uranium Property, Keewatin District, Nunavut. Kivalliq Energy Corporation Assessment Report. A copy of such report is available on the website of the Government of Nunavut at https://nunavutgeoscience.ca/en/.
5. Dufresne, M.B., Sim, R. and Davis B., (2013). Technical report And Resource Update for the Angilak Project, Kivalliq Region, Nunavut. Technical Report prepared on behalf of Kivalliq Energy Corporation, March 1st, 2013. Copy of such report is available on the SEDAR+ profile of Kivalliq Energy Corporation at www.sedarplus.com
6. Dufresne, M.B. and Schoeman, P. (2023). Technical report on the Angilak Project, Kivalliq Region, Nunavut. Technical Report prepared on behalf of ATHA Energy Corp. and Labrador Uranium Inc., January 31, 2024. A copy of such report is available on the SEDAR+ profile of the Company at www.sedarplus.com.
Qualified Person
The scientific and technical information contained in this news release have been reviewed and approved by Cliff Revering, P.Eng., Vice President, Exploration of ATHA, who is a "qualified person" as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About ATHA
ATHA is a Canadian mineral company engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. With a strategically balanced portfolio including three
On Behalf of the Board of Directors
Troy Boisjoli, CEO, ATHA Energy Corp
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Troy Boisjoli
Chief Executive Officer
Email: info@athaenergy.com
www.athaenergy.com
1-236-521-0526
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward-looking statements or information may relate to ATHA's proposed exploration program, including statements with respect to the expected benefits of ATHA's proposed exploration program, any results that may be derived from ATHA's proposed exploration program, the timing, scope, nature, breadth and other information related to ATHA's proposed exploration program, any results that may be derived from the diversification of ATHA's portfolio, the prospects of ATHA's projects, including mineral resources estimates and mineralization of each project, the prospects of ATHA's business plans and any expectations with respect to defining mineral resources or mineral reserves on any of ATHA's projects, and any expectation with respect to any permitting, development or other work that may be required to bring any of the projects into development or production.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions that the anticipated benefits of ATHA's proposed exploration program will be realized, that no additional permit or licenses will be required in connection with ATHA's exploration programs, the ability of ATHA to complete its exploration activities as currently expected and on the current anticipated timelines, including ATHA's proposed exploration program, that ATHA will be able to execute on its current plans, that ATHA's proposed explorations will yield results as expected, and that general business and economic conditions will not change in a material adverse manner. Although ATHA has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Such statements represent the current view of ATHA with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by ATHA, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of ATHA to realize the benefits anticipated from the exploration and drilling targets described herein or elsewhere; in ability of ATHA to complete current exploration plans as presently anticipated or at all; inability for ATHA to economically realize on the benefits, if any, derived from the exploration program; failure to complete business plans as it currently anticipated; overdiversification of ATHA's portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in market price for ATHA shares; changes to ATHA's current and future business and exploration plans and the strategic alternatives available thereto; growth prospects and outlook of the business of ATHA; and the ability to advance the Company projects and its proposed exploration program; risks inherent in mineral exploration including risks related worker safety, weather and other natural occurrences, accidents, availability of personnel and equipment, and other factors; aboriginal title; failure to obtain regulatory and permitting approvals; no known mineral resources/reserves; reliance on key management and other personnel; competition; changes in laws and regulations; uninsurable risks; delays in governmental and other approvals, community relations; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions in Canada, Australia and other jurisdictions where ATHA conducts business. Other factors which could materially affect such forward-looking information are described in the filings of ATHA with the Canadian securities regulators which are available on ATHA's profile on SEDAR+ at www.sedarplus.ca. ATHA does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE: ATHA Energy Corp
View the original press release on ACCESS Newswire
FAQ
What did ATHA Energy (SASKF) discover in their first drill hole at the KU Target?
What are the latest drilling results from ATHA Energy's Lac 50 Deposit?
How large is ATHA Energy's 2025 Angilak Exploration Program?
Where is the Angilak Uranium Project located and who owns it?
What is the significance of the RIB-Nine Iron corridor at ATHA's Angilak Project?
