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Atomic Minerals Corp. Acquires Harts Point Claim Block Based on Historical Drill Data
VANCOUVER, BC / ACCESSWIRE / October 12, 2022 / Atomic Minerals Corporation (" ATOMIC MINE...
About this update from Atomic Minerals Corporation
[{"type":"text","content":"Atomic Minerals Corp. Acquires Harts Point Claim Block Based on Historical Drill DataVANCOUVER, BC / ACCESSWIRE / October 12, 2022 / Atomic Minerals Corporation (\"ATOMIC MINERALS\" or the \"Company\") (TSXV:ATOM) is pleased to announce it has acquired by staking, the Harts Point Project (\"Harts Point\"), consisting of 324 unpatented lode claims totaling more than 6,500 acres, in San Juan County, Utah through its wholly owned American Subsidiary, Recoupment Exploration Company LLC.Clive Massey, Atomic Minerals CEO and President commented, \"We are extremely excited to announce the second of our US uranium acquisitions. The Harts Point area is an excellent exploration target. We staked the ground based on historical drill data indicating Chinle Formation sandstones with significant gamma ray kicks in three holes, I am very pleased to add the Harts Point to our project portfolio as Atomic continues to acquire superior uranium assets.\"Atomic Minerals' Harts Point lies on the eastern flank of the southern extension of Gibson Dome, a non-diapiric salt anticline, in San Juan County, Utah near the northeastern limits of the White Canyon Mining District. Four mines located about seven miles west of the Harts Point, the Jean, Moki, Lavender, and Conglomerate, in upper Indian Creek shipped a total of 42,000 tons of material hosted by Chinle Formation sandstones during the 1950's uranium boom. Average uranium grades were 0.30% U308 and vanadium values were also present. Source: Chenoweth, W.L. (1993): The geology and Production History of the Uranium deposits in the White Canyon Mining District, San Juan County, Utah, Utah Geological Survey Miscellaneous Publication 93-3.Atomic's management team believe the Harts Point anticline lies in an identical geological setting to the Lisbon Valley anticline, 19 miles to the northeast of the Harts Point claims. Lisbon Valley encompasses the Big Indian mining district, which produced approximately 80 million pounds of uranium oxide and 19 million pounds of vanadium from 16 large mines between 1952 and 1988 from the Triassic Chinle and Permian Cutler Formations from relatively shallow depths to in excess of 2,550 feet. This production represents more than 66 percent of the uranium ore mined out of the 122 million pounds produced in Utah during this period. Ore grades averaged 0.34 percent uranium ox...