Atomic Minerals Submits Permit Application for Exploration at 100% Owned Bleasdell Lake Uranium Project, North Saskatchewan
Atomic Minerals (TSXV: ATOM) has submitted an exploration permit application to the Saskatchewan Ministry of Environment for its 100% owned Bleasdell Lake Project in northern Saskatchewan, Canada. The company is seeking a multi-year permit to conduct ground-based geophysics and up to 4000m of diamond drilling on three newly identified uranium target zones, in addition to the historically drilled Horn and Jackpine zones.
The proposed work will commence immediately following permit approval, including geophysical surveys and diamond drilling across both new and historical target areas. The Bleasdell Lake property hosts a 1957 historic resource of 620,700 pounds of U3O8, identified within the Horn and Jackpine zones. However, this historical estimate is not considered a current mineral resource, and significant twinning of historic drill holes will be necessary to upgrade or verify it.
Atomic Minerals (TSXV: ATOM) ha inviato una richiesta di permesso di esplorazione al Ministero dell'Ambiente del Saskatchewan per il suo progetto Bleasdell Lake di proprietà al 100% nel nord del Saskatchewan, Canada. L'azienda sta cercando un permesso pluriennale per condurre geofisica a terra e fino a 4000 metri di perforazione a diamante su tre nuove zone obiettivo di uranio, oltre alle storiche zone Horn e Jackpine.
Il lavoro proposto inizierà immediatamente dopo l'approvazione del permesso, comprese le indagini geofisiche e la perforazione a diamante in entrambe le aree obiettivo nuove e storiche. La proprietà di Bleasdell Lake ospita una risorsa storica del 1957 di 620.700 libbre di U3O8, identificata all'interno delle zone Horn e Jackpine. Tuttavia, questa stima storica non è considerata una risorsa mineraria attuale, e un significativo incrocio dei fori di perforazione storici sarà necessario per migliorarla o verificarla.
Atomic Minerals (TSXV: ATOM) ha presentado una solicitud de permiso de exploración al Ministerio de Medio Ambiente de Saskatchewan para su Proyecto Bleasdell Lake de propiedad al 100% en el norte de Saskatchewan, Canadá. La empresa busca un permiso por varios años para llevar a cabo geofísica terrestre y hasta 4000 metros de perforación con diamante en tres nuevas zonas objetivo de uranio, además de las históricas zonas Horn y Jackpine.
El trabajo propuesto comenzará inmediatamente después de la aprobación del permiso, incluyendo encuestas geofísicas y perforación con diamante en las áreas objetivo nuevas y históricas. La propiedad de Bleasdell Lake alberga un recurso histórico de 620,700 libras de U3O8 de 1957, identificado dentro de las zonas Horn y Jackpine. Sin embargo, esta estimación histórica no se considera un recurso mineral actual, y será necesario un significativo recrossing de los agujeros de perforación históricos para actualizarla o verificarla.
Atomic Minerals (TSXV: ATOM)은 사냥 허가 신청서를 제출했습니다 100% 소유한 블리스델 호수 프로젝트 캐나다 북부 사스카치완 주 환경부에. 이 회사는 세 개의 새로 식별된 우라늄 목표 지역(역사적으로 시추된 Horn 및 Jackpine 구역 포함)에서 지표 기반 지구물리학 및 최대 4000m의 다이아몬드 시추를 수행하기 위한 다년 허가를 요청하고 있습니다.
제안된 작업은 허가 승인이 즉시 이루어진 후 시작되며, 새로운 및 역사적 목표 지역 모두에 대한 지구물리학 조사와 다이아몬드 시추를 포함합니다. 블리스델 호수 소유지는 1957년 역사적 자원 620,700파운드 U3O8가 Horn 및 Jackpine 구역 내에서 확인되었습니다. 그러나 이 역사적 추정치는 현재 광물 자원으로 간주되지 않으며 이를 업그레이드하거나 검증하기 위해 상당한 역사적 시추공의 쌍을 이루는 작업이 필요합니다.
Atomic Minerals (TSXV: ATOM) a soumis une demande de permis d'exploration au ministère de l'Environnement de Saskatchewan pour son projet Bleasdell Lake entièrement détenu dans le nord de la Saskatchewan, Canada. L'entreprise cherche un permis pluriannuel pour effectuer des études géophysiques terrestres et jusqu'à 4000 m de forage au diamant sur trois nouvelles zones cibles d'uranium, en plus des zones historiques de Horn et Jackpine.
Le travail proposé commencera immédiatement après l'approbation du permis, y compris des enquêtes géophysiques et des forages au diamant à travers des zones cibles nouvelles et historiques. La propriété de Bleasdell Lake abrite une ressource historique de 620 700 livres de U3O8 datant de 1957, identifiée dans les zones Horn et Jackpine. Cependant, cette estimation historique n'est pas considérée comme une ressource minérale actuelle, et il sera nécessaire d'effectuer un croisement significatif des trous de forage historiques pour l'améliorer ou la vérifier.
Atomic Minerals (TSXV: ATOM) hat einen Antrag auf Erteilung einer Explorationsgenehmigung beim Ministerium für Umwelt in Saskatchewan für sein 100% im Besitz befindliches Bleasdell Lake Projekt im Norden von Saskatchewan, Kanada, eingereicht. Das Unternehmen sucht eine mehrjährige Genehmigung für die Durchführung von Boden-geophysikalischen Untersuchungen und bis zu 4000 m Diamantbohrungen in drei neu identifizierten Uran-Zielzonen, zusätzlich zu den historisch gebohrten Horn- und Jackpine-Zonen.
Die geplante Arbeit wird unmittelbar nach Genehmigung des Antrags beginnen, einschließlich geophysikalischer Erhebungen und Diamantbohrungen in neuen sowie historischen Zielbereichen. Das Bleasdell Lake Grundstück umfasst eine historische Ressource von 620.700 Pfund U3O8 aus dem Jahr 1957, die innerhalb der Horn- und Jackpine-Zonen identifiziert wurde. Diese historische Schätzung wird jedoch nicht als aktuelle Mineralressource angesehen, und eine signifikante Zwillingsermittlung historischer Bohrlöcher wird erforderlich sein, um dies zu aktualisieren oder zu verifizieren.
- Submission of exploration permit application for Bleasdell Lake Project
- Plans for up to 4000m of diamond drilling on new and historical target zones
- 100% ownership of the Bleasdell Lake Project
- Historical resource of 620,700 pounds of U3O8 identified in 1957
- Historical resource estimate not verified as current mineral resource
- Significant work required to upgrade historical estimate
Vancouver, British Columbia--(Newsfile Corp. - October 9, 2024) - Atomic Minerals Corporation (TSXV: ATOM) ("ATOMIC MINERALS" or the "Company") is pleased to announce that it has submitted an exploration permit application to the Saskatchewan Ministry of Environment for its
Atomic Minerals has engaged Grander Exploration Ltd. to oversee the permitting application process. The Company is seeking a multi-year permit to conduct ground-based geophysics and up to 4000m of diamond drilling on three newly identified uranium target zones in addition to the historically drilled Horn and Jackpine zones.
Clive Massey, CEO of Atomic Minerals Corporation, commented, "We are excited to advance our exploration efforts at Bleasdell Lake with this permit application. Our team, in collaboration with Grander Exploration, is committed to building on the extensive historical work at Bleasdell Lake, including exploring newly identified target zones beyond the historically defined Horn and Jackpine zones. This is a significant step forward in expanding the project's potential and solidifying our presence in one of Canada's premier uranium exploration jurisdictions."
The proposed work will commence immediately following permit approval, with the Company implementing a comprehensive program that includes geophysical surveys and diamond drilling across both new and historical target areas. The objective is to validate historical data, improve the geological understanding of the property, and identify additional zones of uranium mineralization.
The Province of Saskatchewan is an excellent jurisdiction for mineral exploration investments due to its favorable fiscal incentives. A standout feature is the Saskatchewan Mineral Exploration Tax Credit ("SMETC"), which provides a non-refundable
Historical Resource at Bleasdell Lake
The Bleasdell Lake property hosts a 1957 historic resource of 620,700 pounds of U3O8, identified within the Horn and Jackpine zones. This historic estimate was originally reported in a shareholder report for Columbia Metals Exploration Co. Ltd. dated November 9, 1957 (the "Shareholder Report"). 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, or 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.
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.
Technical Information
The exploration and drilling results referenced in this release are from historical data, which Atomic Minerals is utilizing as a guide for current and future exploration efforts. The Company has not independently verified the sampling or analysis of this historical data. The planned exploration and drilling program at Bleasdell Lake will aim to validate the historical results, advancing the Company's understanding of the uranium potential at the site.
About the Bleasdell Lake Project
The Bleasdell Lake project is located approximately 95 kilometers southwest of Lynn Lake, Manitoba, and lies east of the renowned Athabasca Basin. Exploration at Bleasdell Lake in the late 1950s revealed two uranium-bearing pegmatite dykes on the west shore of the lake. The 400-meter Horn Zone has reported historical drill intersections, including 90 meters of
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 which has previously produced 597 million pounds of U3O8; Three others are in the prolific Athabasca Basin region and nine uranium projects are located Northern Saskatchewan, encompassing a total exploration area of 6,495 hectares.
For additional information about the Company and its projects, please visit our website at www.atomicminerals.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
"Clive Massey"
Clive H. Massey
President & CEO
For further information, please contact:
info@atomicminerals.ca
(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
What is the status of Atomic Minerals' exploration permit for the Bleasdell Lake Uranium Project?
What exploration activities does Atomic Minerals plan for the Bleasdell Lake Project?
What is the historical resource estimate for the Bleasdell Lake Project?
How does Saskatchewan's Mineral Exploration Tax Credit benefit Atomic Minerals' investors?
