Atomic Minerals Corp. Clarifies the Proposed Drilling Schedule for The Bleasdell Lake Uranium Project
Atomic Minerals Corp. (TSXV: ATOM) has issued a clarification regarding its Bleasdell Lake Uranium Project exploration schedule. The company expects to begin drilling in December 2024, pending final permit approvals. Located 95km southwest of Lynn Lake, Manitoba, the project is pursuing a multi-year permit for geophysics and up to 4,000 meters of diamond drilling. Historic trenching revealed significant uranium content, with results of 91m averaging 0.12% U3O8 over 2.56m and 33.5m averaging 0.62% U3O8 over 1.21m. A 1957 historic resource estimate indicated 620,700 pounds of U3O8 within the Horn and Jackpine zones, though this requires verification to meet current standards.
Atomic Minerals Corp. (TSXV: ATOM) ha rilasciato un chiarimento riguardante il programma di esplorazione del Bleasdell Lake Uranium Project. La compagnia prevede di iniziare le perforazioni a dicembre 2024, in attesa dell'approvazione finale dei permessi. Situato a 95 km a sud-ovest di Lynn Lake, Manitoba, il progetto sta cercando un permesso pluriennale per le geofisiche e fino a 4.000 metri di perforazioni con diamante. Scavi storici hanno rivelato un significativo contenuto di uranio, con risultati di 91 m che mostrano una media dello 0,12% di U3O8 su 2,56 m e 33,5 m che mostrano una media dello 0,62% di U3O8 su 1,21 m. Una stima delle risorse storiche del 1957 indicava 620.700 libbre di U3O8 all'interno delle zone Horn e Jackpine, sebbene questo richieda verifica per soddisfare gli standard attuali.
Atomic Minerals Corp. (TSXV: ATOM) ha emitido un aclaración sobre el programa de exploración de su Bleasdell Lake Uranium Project. La empresa espera comenzar la perforación en diciembre de 2024, a la espera de las aprobaciones finales de los permisos. Ubicado a 95 km al suroeste de Lynn Lake, Manitoba, el proyecto busca un permiso multianual para geofísica y hasta 4,000 metros de perforación con diamante. Excavaciones históricas revelaron un contenido significativo de uranio, con resultados de 91 m que promedian un 0.12% de U3O8 sobre 2.56 m y 33.5 m que promedian un 0.62% de U3O8 sobre 1.21 m. Una estimación de recursos históricos de 1957 indicó 620,700 libras de U3O8 dentro de las zonas Horn y Jackpine, aunque esto requiere verificación para cumplir con los estándares actuales.
Atomic Minerals Corp. (TSXV: ATOM)는 Bleasdell Lake Uranium Project 탐사 일정에 대한 설명을 발표했습니다. 이 회사는 최종 허가 승인 후 2024년 12월에 드릴링을 시작할 계획입니다. 매니토바의 린레이크에서 남서쪽으로 95km 떨어진 이 프로젝트는 지구물리학 및 최대 4,000미터의 다이아몬드 드릴링을 위한 다년간의 허가를 추구하고 있습니다. 역사적 넷팅 결과는 91m에서 2.56m 구간 평균 0.12% U3O8 및 33.5m에서 1.21m 구간 평균 0.62% U3O8의 상당한 우라늄 함량을 나타냈습니다. 1957년의 역사적 자원 추정치는 Horn 및 Jackpine 구역 내에서 620,700파운드의 U3O8를 나타냈으나, 이는 현재 기준을 충족하는 확인이 필요합니다.
Atomic Minerals Corp. (TSXV: ATOM) a publié une clarification concernant le calendrier d'exploration de son Bleasdell Lake Uranium Project. La société prévoit de commencer le forage en décembre 2024, en attente des approbations finales des permis. Situé à 95 km au sud-ouest de Lynn Lake, Manitoba, le projet recherche un permis pluriannuel pour la géophysique et jusqu'à 4 000 mètres de forage au diamant. Des fouilles historiques ont révélé un contenu significatif d'uranium, avec des résultats de 91 m affichant une moyenne de 0,12 % de U3O8 sur 2,56 m et 33,5 m affichant une moyenne de 0,62 % de U3O8 sur 1,21 m. Une estimation historique des ressources de 1957 indiquait 620 700 livres de U3O8 dans les zones Horn et Jackpine, bien que cela nécessite une vérification pour répondre aux normes actuelles.
Atomic Minerals Corp. (TSXV: ATOM) hat eine Klarstellung zu ihrem Bleasdell Lake Uranium Project Explorationszeitplan herausgegeben. Das Unternehmen plant, im Dezember 2024 mit den Bohrungen zu beginnen, vorbehaltlich der endgültigen Genehmigungen. Das Projekt, das 95 km südwestlich von Lynn Lake, Manitoba, liegt, strebt eine mehrjährige Genehmigung für Geophysik und bis zu 4.000 Meter Diamantbohrung an. Historische Ausgrabungen haben einen signifikanten Urananteil gezeigt, mit Ergebnissen von 91 m, die im Durchschnitt 0,12 % U3O8 über 2,56 m und 33,5 m, die im Durchschnitt 0,62 % U3O8 über 1,21 m aufweisen. Eine historische Ressourcenschätzung von 1957 gab an, dass sich 620.700 Pfund U3O8 innerhalb der Horn- und Jackpine-Zonen befinden, wobei diese jedoch zur Einhaltung der aktuellen Standards verifiziert werden muss.
- Historic trenching results show significant uranium mineralization
- Historic resource estimate of 620,700 pounds of U3O8
- Drilling program of up to 4,000 meters planned
- Historic resource estimates require verification and are not compliant with current standards
- Drilling permits still pending approval
- Previous news release contained inaccuracies requiring clarification
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2024) - Atomic Minerals Corp. (TSXV: ATOM) ("Atomic" or the "Company") wishes to clarify the exploration schedule for the Bleasdale Lake Project ("Bleasdell Lake") in the previous news release dated November 13, 2024 disseminated earlier today. Permits are currently in process and expected to be finalized shortly, with the Company's main objective being to mobilize on the property and commence drilling in December as quickly as possible. The Company regrets any confusion that may have been created by the previous inaccurate new release.
The Bleasdell Lake project is located approximately 95 kilometers southwest of Lynn Lake, Manitoba, Atomic Minerals is advancing toward obtaining a multi-year permit for ground-based geophysics and up to 4,000 meters of diamond drilling. The exploration program will focus on three newly identified uranium target zones in addition to the historically drilled Horn and Jackpine zones. These areas are known for uranium-bearing pegmatite dykes. Historic trenching returned 91m averaging
This historic estimate was originally reported in a shareholder report for Columbia Metals Exploration Co. Ltd. dated Nov. 9, 1957. The estimate, which was calculated using the standards of the time, is based on data from closely spaced shallow drill holes and more widely spaced deeper drill holes. While the historic resource is considered relevant to the potential of the Bleasdell Lake property, there is no technical report, and the calculations, methods and parameters used were not disclosed in the shareholder report. Consequently, a qualified person has not completed sufficient work to classify the historical estimate as a current mineral resource.
The Company acknowledges that, to upgrade or verify the historical estimate as a current mineral resource, significant twinning of the historic drill holes will be necessary. As such, Atomic is not treating the historical estimate as a current mineral resource at this time.
For more information on Atomic Minerals Corporation and the Bleasdell Lake Project, please visit Atomic Minerals Corp. Northern Saskatchewan Projects.
Technical Information
The exploration and drilling results referenced in this release are based on historical data, which Atomic Minerals is utilizing as a foundation for its current and future exploration strategies. The Company has not independently verified the sampling or analysis of this historical data. Planned exploration and drilling at Bleasdell Lake are expected to validate these historical findings and enhance Atomic Minerals' understanding of the uranium potential at the site.
Qualified Person
Mr. R. Tim Henneberry, P.Geo. (BC), an advisor to the Company, is the "Qualified Person" under National Instrument 43-101 responsible for the technical contents of this news release and has approved the disclosure of the technical information contained herein.
About the Company
Atomic Minerals Corp. is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven track record in the junior mining sector. Atomic Minerals' objective is to identify exploration opportunities in regions that have been previously overlooked but are geologically similar to those with previous uranium discoveries. These underexplored areas hold immense potential and are in stable geopolitical and economic environments.
Atomic Minerals' property portfolio contains uranium projects in three locations within North America, all of which have significant technical merit and/or are known for hosting uranium production in the past. Three of the properties are located on the Colorado Plateau, an area that has previously produced 597 million pounds of U3O8 (triuranium octoxide). Six properties, comprising nine claims totaling 6,498 hectares, are located in Northern Saskatchewan: five within or proximal to the prolific Athabasca basin and a sixth that hosts a historic resource.
For additional information about the Company and its projects, please visit our website at www.atomicminerals.ca
Please download the Atomic Minerals Corporate Presentation
ON BEHALF OF THE BOARD OF DIRECTORS
"Clive Massey"
Clive H. Massey
President & CEO
For further information, please contact:
Investor Relations
(604) 341-6870
Neither TSX Venture Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Atomic Minerals Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Atomic Minerals Corporation management on the date the statements are made. Except as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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FAQ
When will Atomic Minerals (TSXV: ATOM) begin drilling at Bleasdell Lake?
What are the historic uranium grades at Bleasdell Lake Project?
How much historic uranium resource was identified at Bleasdell Lake?
