Curated News
By: NewsRamp Editorial Staff
May 02, 2024
Atha Energy Prepares for Phase I Diamond Drilling Program at Angilak Project in Nunavut
TLDR
- Atha Energy completes equipment mobilization for Angilak project, enhancing daily meterage production with state-of-the-art X10 Diamond Drills.
- The Phase I diamond drilling program at Angilak aims to expand the Lac 50 Deposit through a 10,000-meter drilling campaign and geophysical surveys.
- Atha Energy's exploration program at Angilak aims to advance geological understanding, delineate additional mineral resources, and build on previous groundwork, contributing to the world's mineral resource knowledge.
- Angilak project in Nunavut, Canada hosts the Lac 50 uranium deposit, boasting a historical mineral resource estimate of 43.3 million pounds at an average grade of 0.69% U3O8.
Impact - Why it Matters
The completion of equipment and supply mobilization to the Angilak project in Nunavut, Canada, and the upcoming Phase I diamond drilling program at Angilak by Atha Energy could have a significant impact on the mineral resource landscape in the region. This exploration effort aims to advance geological understanding, potentially leading to the delineation of additional mineral resources, and could contribute to the overall energy supply chain. Additionally, this project could bring economic opportunities to the local community and contribute to the global energy sector.
Summary
Atha Energy CEO Troy Boisjoli announced the completion of equipment and supply mobilization to the Angilak project in Nunavut, Canada. The mobilization effort included the delivery of two state-of-the-art X10 Diamond Drills, aimed at enhancing daily meterage production compared to previous drilling campaigns. Atha Energy has finalized a service agreement with Base Diamond Drilling to conduct a Phase I diamond drilling program at Angilak, which hosts the Lac 50 uranium deposit, one of the largest high-grade deposits outside of the Athabasca Basin. The 2024 exploration program at Angilak aims to advance geological understanding and delineate additional mineral resources, building upon the groundwork laid by Latitude Uranium, acquired by Atha Energy in late 2023.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Atha Energy Prepares for Phase I Diamond Drilling Program at Angilak Project in Nunavut
