Atha Energy has announced detailed 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 drilling initiative aims 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 to exploration at Angilak demonstrates its commitment to thorough resource evaluation and potential discovery. Phase II of the program will involve comprehensive airborne geophysics including electromagnetic, magnetic, and very low frequency survey types, complemented by targeted ground geochemistry sampling and mapping activities.
In the Athabasca Basin, Atha Energy plans to advance nine of its 100%-owned projects through a combination of ground and airborne geophysical surveys. These techniques will enable the company to deepen geological understanding across each project while increasing the likelihood of significant discoveries and optimizing capital expenditure for future drilling campaigns. The company's exploration strategy in this renowned uranium district reflects careful planning and resource allocation.
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. Gemini features the recently discovered high-grade GMZ showing and represents significant potential for the company's expanding portfolio. Atha Energy intends to provide detailed drilling plans for the Gemini project following successful transaction completion. This comprehensive exploration approach positions the company to drive growth and make meaningful contributions to the energy sector through systematic resource development and discovery.
