Appia Energy Corp.
CNSX : API

Appia Energy Corp.

October 05, 2016 08:26 ET

Appia Undertakes Geophysical Survey Over Loranger Property, Athabasca Basin and Acquires Additional Mineral Claims

TORONTO, ONTARIO--(Marketwired - Oct. 5, 2016) - Appia Energy Corp. (the "Company or "Appia") (CSE:API) is pleased to announce that Geotech Ltd. ("Geotech") has begun flying an approximately 715 line-kilometre VTEM™ Max Time-Domain electromagnetic ("EM") and magnetic survey (the "Survey") over the Company's Loranger property (the "Property"). The Property comprises 24,755 hectares (61,171 acres) and is located 28 km southeast of Cameco's Rabbit Lake mill, Athabasca Basin, northern Saskatchewan.

The Survey will be carried out over the entire Property to better define the conductive zones that were identified in a 1978 Barringer/Questor airborne Mark VI Input ® EM survey ("Mark VI survey") (Saskatchewan Mineral Assessment file #64E13-0038). Appia expects the Survey to take a week for completion, with the final results to be reported as received and analyzed by the Company.

Geotech's proprietary VTEM™ Max airborne survey is the most innovative and successful airborne EM system that delivers unparalleled high spatial resolution and superior depth of investigation in precision EM measurements.

Appia has acquired the surface exploration rights for 3 additional mineral claims immediately contiguous to the Property for an aggregate of 5,969 hectares (14,750 acres). The new claims cover a 20 km long aeromagnetic and EM trend southwest of the current Property, and host 12 km of sub-parallel conductors that were previously identified in the same Mark VI survey mentioned above. The new claims will not be covered by the Survey.

About Appia

Appia is a Canadian publicly-traded company in the uranium and rare earth sectors. The Company is currently focusing on discovering high-grade uranium in the prolific Athabasca Basin on its recently acquired properties, Loranger and Otherside, as well as delineating high-grade REE's and uranium on its Alces Lake joint venture. The company holds the surface rights to exploration for about 90,000 hectares (222,395 acres) in Saskatchewan.

Appia's technical team is directed by James Sykes, who has had direct and indirect involvement with over 350 M lbs. U3O8 being discovered in five deposits in the Athabasca Basin.

Appia currently has 43.8 million common shares outstanding, 47.7 million shares fully diluted.

The technical content concerning the Property in this news release was reviewed and approved by Thomas Skimming, P.Eng, a Director of Appia, and a Qualified Person as defined by National Instrument 43-101.

Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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