ATHA Energy Corp. has announced significant discoveries of high-grade uranium mineralization at its RIB East target, part of the ongoing 2025 Angilak Exploration Program in Nunavut. The initial three drill holes have successfully intersected shallow mineralization, underscoring the potential of the area within the larger 2 km gravity anomaly.
The drill results reveal that all three completed holes have intersected uranium mineralization at depths of less than 275 meters. RIBE-DD-002 registered a total composite intersection of 9.4 meters, featuring a high-grade section with radioactivity reaching as high as 16,947 counts per second (CPS). Meanwhile, RIBE-DD-003 showcased 2.1 meters of composite mineralization, including a noteworthy interval of high-grade material exceeding 30,000 CPS.
The RIB East target is characterized by a substantial 2 km by 500 m gravity anomaly that coincides with conductive trends. The initial findings hint at potential similarities with uranium deposits observed within the established Athabasca Basin, highlighting the geological significance of the discovery.
Troy Boisjoli, CEO of ATHA, emphasized the importance of these findings, linking them to a broader exploration strategy aimed at expanding the company's mineralized footprint and continuing to discover new uranium deposits in the region. The success at RIB East, along with prior discoveries at the KU target, serves to bolster the argument for the Angikuni Basin's status as a promising uranium district.
ATHA’s exploration program will focus on further drilling to assess the full potential of the RIB East discovery, as well as continuing to explore additional targets along the RIB-Nine Iron structural corridor. The early success of this program indicates significant untapped resource potential in the area.
The initial drilling at RIB East has revealed two new uranium discoveries, significantly expanding the mineralised footprint beyond the established Lac 50 Deposit Trend. This aggressive exploration is indicative of the strong potential for further discoveries within the Angikuni Basin.
The mineralization discovered is relatively shallow, with intersections occurring at depths of less than 275 metres. This is favourable as it may facilitate easier access and lower extraction costs in future operations.
Drill results have demonstrated high-grade uranium mineralization, with some intervals showing radioactivity exceeding 30,000 CPS, suggesting a promising quality that may enhance the economic viability of future extraction.
The high-grade mineralization encountered at RIB East exhibits characteristics similar to those previously seen in other successful Athabasca Basin operations. This comparison underscores the potential richness of the Athabasca-style mineralisation at this new site.
Given that the current drilling only covers a fraction of the 2 km anomaly, the untested regions present substantial potential for further discoveries, affirming the ongoing focus on the Angikuni Basin's exploration.
The first three drill holes at RIB East have successfully intersected uranium mineralization across defined strike lengths, affirming the effectiveness of the targeting strategy and indicating a robust mineralising system in the area.
The defined 2 km long by 500 m wide gravity anomaly at RIB East indicates significant geological prospects, which aligns with the findings of mineralisation and suggests that the area is highly promising for further exploration.
ATHA Energy Corp. plans to continue its aggressive exploration approach that has already yielded promising results, aiming to further expand the mineralised footprint and identify additional high-grade uranium deposits as part of its broader exploration programme.