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Global Atomic Announces Dasa Drill Program
Global Atomic Announces Dasa Drill Program Canada NewsWire Toronto ...
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[{"type":"text","content":"\n \n \n \n Global Atomic Announces Dasa Drill Program\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Toronto\n \n ,\n \n April 13, 2021\n \n /CNW/ -\n \n \n Global Atomic Corporation (\"Global Atomic\" or the \"Company\"), (TSX: GLO) (FRANKFURT: G12) (OTCQX: GLATF) is pleased to announce the signing of a drill contract with Foraco Niger S.A. (Foraco), for a 15,000 meter core drilling program beginning in September, 2021, at its Dasa Project in the Republic of\n \n Niger\n \n ,\n \n West Africa\n \n .\n \n \n The drill program is focused on upgrading the extensive \"Indicated and Inferred\" resources at Dasa to the \"Measured and Indicated\" categories on strike of the Flank Zone, Phase 1, mine plan area, as defined in the\n \n May 2020\n \n Preliminary Economic Assessment. With the upgrading of the on strike resources, the Phase 1, Flank Zone mining area is expected to be expanded, adding to the current 12-year plan at the Flank Zone as well as allowing Global Atomic to define the Phase 2 Mine Plan incorporating the upgraded mineral resources. See Figure 1.\n \n \n In addition to the Infill drilling, an exploration drill program is also planned to potentially increase the overall uranium resources at Dasa, currently estimated at over 129.1 million pounds U\n \n 3\n \n O\n \n 8\n \n of Indicated and 128.4 million pounds U\n \n 3\n \n O\n \n 8\n \n of Inferred mineral resources, with on strike step out drilling. There are a number of areas where expansion of resources are possible at Dasa. The current plan is to focus on three specific areas where previously drilled significant intersections require follow up drilling. These areas are referred to as New Resource (NR) areas and can be viewed on the Figure 1 diagram, as NR 1, 2 and 3.\n \n \n To the west, NR 1, based on previously drilled hole ASDH 558 which returned 19,833 ppm over 9.5 meters, is a prime candidate for follow up drilling. This intersection, of approximately 2 % U\n \n 3\n \n O\n \n 8\n \n , is found in the prolific Teloua formation which is known for excell...