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Atomic Minerals Corp. Identifies Three Additional Uranium Targets at Bleasdell Lake
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Atomic Minerals Corporation (TS...
About this update from Atomic Minerals Corporation
[{"type":"text","content":"Atomic Minerals Corp. Identifies Three Additional Uranium Targets at Bleasdell LakeVancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Atomic Minerals Corporation (TSXV: ATOM) (\"ATOMIC MINERALS\" or the \"Company\") (TSX Venture: ATOM) is pleased to announce Grander Exploration Ltd. (\"Grander\") has completed a review of the exploration database for its Bleasdell Lake Project (\"Bleasdell Lake\") and has identified three additional target zones in addition to the historic Horn and Jackpine zones. Bleasdell Lake is a pegmatite hosted uranium target in the NE corner of Saskatchewan.Bleasdell Lake hosts a 1957 historic resource of 620,700 pounds of U3O8 contained within the Horn and Jackpine zones.The 1957 Bleasdell Lake historic resource was disclosed in a shareholder report for Columbia Metals Exploration Co. Ltd. dated November 9, 1957 (the \"Shareholder Report\"). There is no technical report. The historic resource is relevant to the potential of the Bleasdell Lake property and is reliable as it was calculated to the standards of the day. The estimate was based on closely spaced shallow drill holes and more widely spaced deeper drill holes. The calculations, methods or parameters were not disclosed in the Shareholder Report. The resource would be comparable to a current inferred resource. There are no more recent estimates though subsequent geologists visited the Property in the 1960's and 1970's, confirming the showings and the drilling was completed. The Company will need to twin a significant number of the historic drill holes to upgrade or verify the historical estimate as current mineral resources.A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource. Therefore, Atomic is not treating the historical estimate as a current mineral resource.Atomic CEO Clive Massey commented: \"Our technical team continues to utilize Grander Exploration's considerable Saskatchewan uranium experience and expertise as we review the available historical data for each of the 9 recently acquired northern Saskatchewan projects. The identification of three additional radioactive targets at Bleasdell Lake, including one over 1500 metres long, suggests considerable potential exists to not only bring the historic resource current, but also build upon it.\" The Company is moving fo...