Atha Energy has announced comprehensive plans for its 2024 Exploration Program with significant focus on the Angilak Project in Nunavut and multiple projects in 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 remains open in all directions. This substantial drilling effort aims not only to enhance the existing deposit but also to identify potential new discoveries within the project area.
Beyond the Lac 50 expansion, Atha Energy will conduct exploration drilling on high-priority targets located on parallel structures to the main deposit. These targets have been previously identified as prime candidates for hosting uranium mineralization and represent significant additional exploration potential. The company's systematic approach to target evaluation demonstrates their commitment to thorough resource development and discovery optimization across their property portfolio.
Looking toward Phase II operations, Atha Energy plans to implement a comprehensive airborne geophysics program incorporating electromagnetic, magnetic, and very low frequency survey methodologies. This advanced geophysical assessment will be complemented by targeted ground geochemistry sampling and detailed mapping activities. The integrated approach is designed to identify and de-risk a pipeline of additional high-priority targets, establishing a solid foundation for future exploration campaigns and resource development.
In the world-renowned Athabasca Basin, Atha Energy will advance nine of its 100%-owned projects through coordinated ground and airborne geophysical surveys. By employing these sophisticated exploration techniques, the company aims to significantly enhance geological understanding across each project area. This systematic approach increases the probability of making substantial discoveries while optimizing capital allocation for future drilling programs, ensuring efficient use of exploration resources.
The company's exploration portfolio will be further strengthened through the potential incorporation of the Gemini project, pending completion of the proposed scheme of arrangement with 92 Energy Limited. Gemini features the recently discovered high-grade GMZ showing, which represents substantial exploration potential. Atha Energy plans to provide detailed drilling plans for the Gemini project following successful transaction completion, integrating this promising asset into their broader exploration strategy. The comprehensive 2024 program underscores Atha Energy's commitment to portfolio expansion and unlocking the full potential of these mineral-rich regions.
