Rare Earth Investing

Appia Eyes Resource Calculation After "Exciting" Drill Results at Rare Earths Project in Brazil

Rare Earth Investing

“It’s highly unusual to get 17 out of 17 holes when you drill and to have this kind of consistency of the grades and the depth of mineralization,” said Appia Rare Earths and Uranium CEO Tom Drivas.

Appia Rare Earths and Uranium (CSE:API,OTCQX:APAAF) reported "remarkable” drill results from the reverse circulation (RC) drilling campaign recently completed at its PCH ionic clay project in Goiás state, Brazil. CEO Tom Drivas said they plan to proceed with the resource calculation and a pre-feasibility study next year.

“We were very excited to see that all the 17 holes are mineralized, in most cases, from top to bottom. We knew that this mineralized zone had a 7 to 8 meters depth. Now, with our drilling, we extended the average depth to about 13 meters which means we doubled the size,” Drivas explained.

“We knew there were about 1,200 parts per million rare earths in those 7 to 8 meters. The average grade that we got from the 17 drill holes is over that, which is 1,566 parts per million rare earths.”

The exciting results, according to Drivas, included magnet rare earths, such as niobium, praseodymium, dysprosium and terbium, which are used in manufacturing permanent magnets for electric vehicles, wind turbines and other tech applications.

“In the next few weeks, we’re getting the results for the balance of 147 RC holes, 70 auger holes and one drill hole — the diamond drill hole that we did, which is down to 243 meters. Once we get all these, we’re planning to do the first National Instrument 43-101 mineral resource (estimate), a resource calculation.”

Watch the full interview with Appia Rare Earths and Uranium CEO and Director Tom Drivas above.

Disclaimer: This interview is sponsored by Appia Rare Earths and Uranium (CSE:API,OTCQX:APAAF). This interview provides information which was sourced by the Investing News Network (INN) and approved by Appia Rare Earths and Uranium in order to help investors learn more about the company. Appia Rare Earths and Uranium is a client of INN. The company’s campaign fees pay for INN to create and update this interview.

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