Wedoany.com Report-Jun 6, ATHA Energy has launched its 2025 diamond drilling program at the wholly owned Angilak uranium project in Nunavut, Canada, targeting 10,000 meters of drilling. The initiative builds on the 2024 campaign, focusing on expanding the Lac 50 deposit and exploring high-potential regional targets along the 31-kilometer Rib-Nine Iron Trend.

Following a successful 2024 exploration campaign, ATHA aims to further investigate the Lac 50 deposit.

The program aims to enlarge the Lac 50 deposit’s mineralization footprint and investigate key areas along the Rib-Nine Iron Trend, including the KU and Rib discoveries. In May 2025, a ground gravity and electromagnetic survey identified promising structures for high-grade uranium mineralization across these zones, covering approximately 5% of the trend.

ATHA Energy CEO Troy Boisjoli stated: “Our 2025 drill program represents the next major step in advancing the Angilak Project into, in our view, one of the most exciting uranium projects globally. Building on the success of last year’s campaign where we hit mineralization in 100% of our drill-holes, we are now positioned to test some of the most exciting targets identified to date – both along strike of the Lac 50 Deposit and across the underexplored, high-potential Rib-Nine Iron Trend.”

The Lac 50 deposit includes the Lac 48, 50, 52, and 54 trends, with the 2024 campaign confirming consistent uranium mineralization. The recent geophysical survey highlighted two priority targets along the Rib-Nine Iron Trend: the KU and Rib discoveries. At the KU discovery, historical trench sampling yielded grades up to 30.7% triuranium octoxide, though it remains untested by diamond drilling. The survey detected a 2-kilometer by 500-meter gravity anomaly aligned with a conductive corridor and cross-cutting structures, consistent with surface high-grade uranium findings.

The Rib discovery, located along the western edge of the Angikuni Basin, has shown shallow mineralization in past drilling, with grades up to 5.6% triuranium octoxide. The survey identified two significant gravity anomalies, Rib East and Rib West, the latter including the historic Rib discovery and an untested anomaly extending beneath the basin cover. Both KU and Rib discoveries exhibit density lows and conductive responses, resembling alteration patterns associated with high-grade uranium deposits in the Athabasca Basin.

These targets, supported by modern geophysics and historical high-grade findings, are now prioritized for drilling. In October 2024, ATHA Energy and Terra Uranium finalized option agreements, enabling share acquisition in each other’s Canadian projects, fostering collaboration in uranium exploration.