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 phased approach at Angilak begins with an intensive diamond drilling campaign scheduled to commence in June 2024, targeting expansion of the promising Lac 50 Deposit that shows openness in all directions. This initial phase includes 10,000 meters of diamond drilling designed not only to enhance the existing deposit but also to identify potential new discoveries in the surrounding area.
Exploration drilling will simultaneously target high-priority areas on parallel structures to Lac 50, previously identified as prime candidates for hosting uranium mineralization. The company's systematic approach continues with Phase II, which involves a comprehensive airborne geophysics program incorporating electromagnetic, magnetic, and very low frequency survey types. This phase will be supported by targeted ground geochemistry sampling and mapping activities aimed at identifying and de-risking additional high-priority targets for future exploration development.
In the Athabasca Basin region, Atha Energy plans to advance nine of its 100%-owned projects through coordinated ground and airborne geophysical surveys. These techniques will enable the company to deepen geological understanding across each project while increasing discovery potential and 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 for the company's expanding portfolio. Atha Energy intends to provide detailed drilling plans for Gemini following successful transaction completion, demonstrating the company's strategic commitment to unlocking the full potential of these promising uranium regions through methodical exploration and resource development.
