Atha Energy has revealed detailed plans for its 2024 Exploration Program with significant focus on the Angilak Project in Nunavut and multiple projects within the Athabasca Basin. The company's phase one program at Angilak will commence in June 2024 with an intensive 10,000-meter diamond drilling campaign primarily targeting expansion of the Lac 50 Deposit, which shows openness in all directions. This drilling initiative aims not only to enhance the existing deposit but also to identify potential new discoveries in the surrounding area.
Exploration drilling will also target high-priority areas on parallel structures to Lac 50 that have been previously identified as prime candidates for hosting uranium mineralization. The company's comprehensive approach includes planning for Phase II activities that will feature an airborne geophysics program incorporating electromagnetic, magnetic, and very low frequency survey types. These advanced survey methods will be complemented by targeted ground geochemistry sampling and mapping activities designed to identify and de-risk additional high-priority targets for future exploration.
In the Athabasca Basin region, Atha Energy will advance nine of its 100%-owned projects through a combination of ground and airborne geophysical surveys. The company intends to leverage these techniques to deepen geological understanding across each project, thereby increasing discovery potential while optimizing capital expenditure for future drilling campaigns. The exploration program will be further enhanced by incorporating projects such as Gemini, pending completion of the proposed scheme of arrangement with 92 Energy Limited.
The Gemini project, which features the recently discovered high-grade GMZ showing, represents significant potential and will be integrated into the company's broader exploration strategy. Atha Energy plans to provide comprehensive updates including detailed drilling plans for the Gemini project following successful transaction completion. This ambitious exploration program demonstrates the company's commitment to portfolio expansion and unlocking the potential of these promising uranium-rich regions through systematic and technologically advanced exploration methods.
