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Kraken Energy Confirms Elevated Radioactivity in Both Initial Drill Holes at Harts Point Property, Utah
Drill hole HP24-002 Intersects a continuous 2.4 m (7.9 ft) interval with downhole probe readings ...
About this update from Atomic Minerals Corporation
[{"type":"text","content":"Kraken Energy Confirms Elevated Radioactivity in Both Initial Drill Holes at Harts Point Property, UtahDrill hole HP24-002 Intersects a continuous 2.4 m (7.9 ft) interval with downhole probe readings ranging up to 2,162 cpsVancouver, British Columbia--(Newsfile Corp. - March 26, 2024) - Atomic Minerals Corporation (TSXV: ATOM) (\"Atomic Minerals\" or the \"Company\") is pleased to report that the Company's joint venture partner, Kraken Energy Corp., (\"Kraken\" or \"Kraken Energy\") has completed its maiden drilling program at the Company's Harts Point Uranium Property (\"Harts Point\" or the \"Property\") in San Juan County, Utah.The Phase I drilling program tested two targets spaced 5 kilometers (\"km\") (3.12 miles) apart, focused on confirming the presence of uranium mineralization indicated by radiometric anomalies in three historic oil wells on the Property.\"Our team is very pleased with the initial results from our maiden drilling program at Harts Point,\" stated CEO Matthew Schwab of Kraken Energy. \"With the discovery of Lisbon Valley originating from the initial drilling of 7 holes over a strike length of 1.5 km, where only 3 drill holes intersected radioactivity, it gives us great confidence in the Property after drilling only two holes over a 5 km distance and intersecting elevated radioactivity in both.\"\"We look forward to continuing our work in Utah as we move forward with advanced exploration across our portfolio of exciting properties and look to capitalize on the project's exceptional potential to discover a trend of high-grade uranium deposits located within a pro-mining jurisdiction.\"Downhole Gamma Probe Results:Drillhole HP24-001 intersected a total of 12.9 meters (m) (42.3 feet (\"ft\")) of elevated radioactivity with downhole probe readings from 252 counts per second (\"cps\") up to 653 cps from 151.5 to 421.5 m (497.0 to 1,382.8 ft)Including 270 to 653 cps over 1.0 m (3.2 ft) from 415.1 to 416.1 m (1,361.9 to 1,365.1 ft)Drillhole HP24-002 intersected a total of 16.2 m (53.1 ft) of elevated radioactivity with downhole probe readings from 252 cps up to 2,162 cps from 107.8 to 390.4 m (353.6 to 1,280.7 ft)Including 263 to 2,162 cps over 2.4 m (7.9 ft) from (1,261.2 to 1,269.1 ft)* Background gamma readings through non-elevated zones typically range from 10-150 cps on the borehole gamma prob...