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Atomic Minerals Receives Drilling Permit for 20 Drill Pad Locations for Phase I Drill Program at Harts Point Uranium Property, Utah
Atomic Minerals Receives Drilling Permit for 20 Drill Pad Locations for Phase I Drill Program at ...
About this update from Atomic Minerals Corporation
[{"type":"text","content":"Atomic Minerals Receives Drilling Permit for 20 Drill Pad Locations for Phase I Drill Program at Harts Point Uranium Property, UtahAtomic Minerals Receives Drilling Permit for 20 Drill Pad Locations for Phase I Drill Program at Harts Point Uranium Property, UtahVANCOUVER, BC / ACCESSWIRE / July 05, 2023 / Atomic Minerals Corporation (\"ATOMIC MINERALS\" or the\"Company\") (TSXV:ATOM) is pleased to announce that it has received drilling permits for the Harts Point Uranium Property (\"Harts Point\" or the \"Property\") in San Juan County, southeast Utah. The Bureau of Land Management (\"BLM\") has approved up to 20 drill pads to test the extent of uranium mineralization across the Property.Atomic Minerals executed a definitive agreement with Kraken Energy Corp. (CSE: UUSA) (\"Kraken\") on May 23, 2023allowing Kraken the option to acquire up to a 75% interest in Harts Point. Kraken, as the operator, has secured Major Drilling Group International Inc. of Salt Lake City, Utah for the upcoming drill program at Harts Point, which is expected to begin in early July. Phase I of the drill program includes an initial 2,000 meters (m) of drilling to twin the three historical holes which span 4.5 kilometers (\"km\") of strike and returned off-scale radioactivity from downhole probe readings.\"Drilling at Harts Point is a major milestone for the Company with the anticipated validation of our geological model for Harts Point as a Lisbon Valley analog. The Property contains three historic oil and gas drill holes across a 5 km strike that returned intervals of off-scale radioactivity within the same geologic unit that has been historically mined in the district and first led to our interest in the Property,\" commented Atomic Minerals President & CEO Clive Massey.\"Success at Harts Point will immediately bring full focus to our 10 Mile property, another Lisbon Valley analog, 80 kilometres to the northwest of our Dolores property, another Lisbon Valley analog, 52 kilometres to the east. We eagerly await the commencement of the 2023 Harts Point drilling program,\" he continued.Harts Point Property Highlights:World class uranium district: 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.Property consists of 324 lode mining claims on Bureau of La...