MiningNewsBreaks – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Revisits Potential of Elliot Lake Deposits and Bulk Mining Two Zones
Appia (CSE: API) (OTCQX: APAAF) (FSE: A0I0) today announced that it is reevaluating its large uranium-rare earths deposits located at Elliot Lake, Ontario, to examine the impact of increased uranium prices and confirmation of significant rare element (“REE”) mineralization. According to the announcement, the company will also evaluate the cost-saving potential of bulk mining the Teasdale Lake and Banana Lake Zones. In 2007-08 and 2012, Appia completed drill programs to confirm mineralization detailed in historical resource estimates for these zones, after which it engaged consulting firm Watts, Griffis and McOuat Limited (“WGM”) to provide an updated NI 43-101 Resource Estimate.…