RETRANSMISSION: 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 exploration schedule for the Bleasdell Lake Uranium Project in Manitoba. The company expects to receive permits shortly and aims to begin drilling in December 2024. The project, located 95km southwest of Lynn Lake, is pursuing a multi-year permit for geophysics and up to 4,000 meters of diamond drilling. The exploration will focus on three new uranium target zones plus the historic Horn and Jackpine zones. Historic trenching showed promising results including 91m averaging 0.12% U3O8 over 2.56m. A 1957 historic resource indicated 620,700 pounds of U3O8, though this estimate requires verification to meet current standards.
Atomic Minerals Corp. (TSXV: ATOM) ha emesso un chiarimento riguardo al suo programma di esplorazione per il Bleasdell Lake Uranium Project in Manitoba. L'azienda prevede di ricevere i permessi a breve e punta ad iniziare le perforazioni a dicembre 2024. Il progetto, situato a 95 km a sud-ovest di Lynn Lake, sta perseguendo un permesso pluriennale per la geofisica e fino a 4.000 metri di perforazione a diamante. L'esplorazione si concentrerà su tre nuove zone target di uranio oltre alle storiche zone Horn e Jackpine. Le trincee storiche hanno mostrato risultati promettenti, con un campione di 91 m che media lo 0,12% di U3O8 su 2,56 m. Una risorsa storica del 1957 indicava 620.700 libbre di U3O8, anche se questa stima richiede verifica per soddisfare gli standard attuali.
Atomic Minerals Corp. (TSXV: ATOM) ha emitido una aclaración sobre su programa de exploración para el Bleasdell Lake Uranium Project en Manitoba. La compañía espera recibir los permisos en breve y tiene como objetivo comenzar la perforación en diciembre de 2024. El proyecto, ubicado a 95 km al suroeste de Lynn Lake, está persiguiendo un permiso multianual para geofísica y hasta 4,000 metros de perforación con diamante. La exploración se centrará en tres nuevas zonas objetivo de uranio, además de las zonas históricas Horn y Jackpine. Las trincheras históricas mostraron resultados prometedores, incluyendo 91 m promediando 0.12% de U3O8 sobre 2.56 m. Un recurso histórico de 1957 indicó 620,700 libras de U3O8, aunque esta estimación requiere ser verificada para cumplir con los estándares actuales.
Atomic Minerals Corp. (TSXV: ATOM)는 매니토바에 있는 Bleasdell Lake Uranium Project의 탐사 일정에 대해 명확한 의견을 발표했습니다. 회사는 곧 허가를 받을 것으로 예상하며, 2024년 12월에 채굴을 시작할 계획입니다. 이 프로젝트는 린 레이크에서 남서쪽으로 95km 떨어진 곳에 위치하고 있으며, 지구물리학 및 최대 4,000미터의 다이아몬드 시추를 위한 다년 허가를 추진하고 있습니다. 탐사는 세 개의 새로운 우라늄 목표 지역과 역사적인 Horn 및 Jackpine 지역에 초점을 맞출 것입니다. 역사적인 굴착 작업에서 2.56m에 걸쳐 U3O8의 평균이 0.12%인 91m의 유망한 결과가 나타났습니다. 1957년의 역사적인 자원 보고서에서는 620,700파운드의 U3O8이 확인되었으나, 이 추정치는 현재 기준을 충족하기 위해 검증이 필요합니다.
Atomic Minerals Corp. (TSXV: ATOM) a publié une clarification concernant son calendrier d'exploration pour le Bleasdell Lake Uranium Project au Manitoba. La société s'attend à recevoir prochainement des permis et vise à commencer les forages en décembre 2024. Le projet, situé à 95 km au sud-ouest de Lynn Lake, vise à obtenir un permis de plusieurs années pour la géophysique et jusqu'à 4 000 mètres de forage diamant. L'exploration se concentrera sur trois nouvelles zones cibles en uranium ainsi que sur les zones historiques Horn et Jackpine. Des fouilles historiques ont montré des résultats prometteurs, y compris 91 m avec une moyenne de 0,12 % d'U3O8 sur 2,56 m. Une ressource historique de 1957 a indiqué 620 700 livres d'U3O8, bien que cette estimation nécessite une vérification pour répondre aux normes actuelles.
Atomic Minerals Corp. (TSXV: ATOM) hat eine Klarstellung bezüglich seines Erkundungsplans für das Bleasdell Lake Uranium Project in Manitoba veröffentlicht. Das Unternehmen erwartet bald die Genehmigungen zu erhalten und plant, im Dezember 2024 mit den Bohrungen zu beginnen. Das Projekt, das 95 km südwestlich von Lynn Lake liegt, verfolgt eine mehrjährige Genehmigung für Geophysik und bis zu 4.000 Meter Diamantbohrungen. Die Exploration konzentriert sich auf drei neue Uran-Zielzonen sowie die historischen Zonen Horn und Jackpine. Historische Grabungen zeigten vielversprechende Ergebnisse, darunter 91 m mit einem Durchschnitt von 0,12 % U3O8 über 2,56 m. Eine historische Ressource aus dem Jahr 1957 wies 620.700 Pfund U3O8 aus, obwohl diese Schätzung überprüft werden muss, um den aktuellen Standards zu entsprechen.
- Historic trenching results show significant uranium mineralization
- Historic resource estimate of 620,700 pounds of U3O8
- Multi-year permit pending for extensive exploration program
- Historic resource estimates require verification and may not meet current standards
- Drilling program delayed pending permit approvals
- Previous news release contained inaccuracies requiring clarification
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2024) - Atomic Minerals Corp. (TSXV: ATOM) ("Atomic" or the "Company") wishes to clarify the exploration schedule for the Bleasdell Lake Project ("Bleasdell Lake") in a previous news release disseminated early yesterday morning, November 13, 2024. 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.
###
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229917
FAQ
When will Atomic Minerals (TSXV: ATOM) begin drilling at Bleasdell Lake?
What are the historic uranium grades at Bleasdell Lake Project?
How much uranium was historically estimated at Bleasdell Lake?
Where is the Bleasdell Lake Uranium Project located?
