Atomic Minerals Options Colorado Plateau Hosted Harts Point Uranium Property to Kraken Energy

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[{"type":"text","content":"Atomic Minerals Options Colorado Plateau Hosted Harts Point Uranium Property to Kraken EnergyVANCOUVER, BC / ACCESSWIRE / May 23, 2023 / Atomic Minerals Corporation (\"ATOMIC MINERALS\" or the \"Company\") (TSXV:ATOM) is pleased to announce the execution of a definitive option agreement (the \"Option Agreement\" or the \"Agreement\") with Kraken Energy Corp. (CSE:UUSA) (\"Kraken\"). Kraken may acquire up to a 75% interest in the Harts Point Uranium Property (Figures 1 & 2) in San Juan County, southeast Utah (\"Harts Point\" or the \"Property\"). The Property is located in the center of the Colorado Plateau, referred to by some as \"the Athabasca Basin of the US\" and is 64 kilometers (\"km\") (40 miles) north of the White Mesa Uranium Mill, the only fully licensed and operating conventional uranium mill in the United States.The Property consists of 324 lode mining claims on Bureau of Land Management (\"BLM\") ground that covers an area of 2,622 hectares (\"ha\") (6,480 acres) and drill permits are in place for up to 25 exploration drill holes upon payment of the US$58,000 bond to the BLM.Atomic Minerals President & CEO Clive Massey commented, \"We have begun to see the fruits of our research efforts with the execution of the Kraken agreement. Kraken's top notch technical team will work diligently to validate our geological model for Harts Point as a Lisbon Valley analog, as we eagerly await the pending drilling campaign. Concurrently, we plan to initiate the permitting process at our 10 Mile property, another Lisbon Valley analog, 80 kilometres to the northwest or we plan to initiate the permitting process at our Dolores property, another Lisbon Valley analog, 52 kilometres to the east.\"Harts Point Property Highlights:World class uranium jurisdiction: located in the center of the Colorado Plateau, which has produced over 328 million (\"M\") pounds (\"lbs\") U3O8 at 0.2 to 0.4% U3O8 since the 1950s1.Harts Point Anticline is Analogous to the Lisbon Valley Anticline: where the Lisbon Valley Uranium District (Figure 1) hosted 17 large uranium mines which produced approximately 80M lbs U3O8 at 0.34% U3O8from 1948 to 19882.The dimensions of these tabular sandstone-hosted uranium deposits range from 2 to 13 meters (\"m\") (7 to 43 feet) thick, 100 to 3,048 m (328 to 10,000 feet) long, and 31 to 427 m (100 to 1,400 feet) wide3....

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