ATHA Energy has commenced its 2025 Angilak diamond drill exploration programme, targeting a 10,000m drilling operation at its wholly owned Angilak uranium project in Nunavut, Canada.
The programme is set to expand upon the successful 2024 maiden drill campaign, focusing on the Lac 50 deposit and high-priority regional targets along the Rib-Nine Iron Trend.
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The exploration programme’s primary objectives include the expansion of the Lac 50 Deposit’s mineralisation footprint and the testing of regional targets along the 31km Rib-Nine Iron Trend.
This trend encompasses the KU and Rib Discoveries, where a ground gravity and electromagnetic survey was completed in May 2025, revealing promising structures for high-grade uranium mineralisation.
ATHA Energy CEO Troy Boisjoli said: “Our 2025 drill programme 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 mineralisation 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.
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By GlobalData“With modern geophysics, historic high-grade surface showings and a proven ability to intersect uranium mineralisation, we believe this programme has the potential to unlock the broader Angikuni Basin as Canada’s next premier uranium jurisdiction.”
Following the successful 2024 exploration campaign, ATHA aims to further investigate the Lac 50 deposit, which consists of the Lac 48, 50, 52 and 54 Trends.
The recent ground geophysical survey has identified significant targets along the Rib-Nine Iron Trend, with two high-priority areas, the KU and Rib discoveries, representing around 5% of the trend.
At the KU discovery, historical trench sampling has returned grades up to 30.7% triuranium octoxide, yet it remains untested by diamond drilling.
The survey revealed a large gravity anomaly, 2km long by 500m wide, coinciding with a conductive corridor and cross-cutting structures, where historic sampling has encountered high-grade uranium mineralisation at the surface.
The Rib Discovery, situated along the western margin of the Angikuni Basin, has shown shallow mineralisation in past drilling with grades up to 5.6% triuranium octoxide.
The survey highlighted two distinct areas with large gravity anomalies, Rib East and Rib West, the latter of which includes the historic Rib discovery and a second untested anomaly extending under the basin cover.
Both the Rib and KU discoveries are characterised by density lows and conductive responses that are consistent with alteration characteristics associated with high-grade uranium mineralisation, similar to the Athabasca Basin.
These discoveries are now considered high-priority targets, de-risked with modern geophysics and historic high-grade uranium findings.
Terra Uranium finalised option agreements with ATHA Energy in October last year, allowing each company the opportunity to obtain shares in the other’s projects in Canada.
