Atomic Minerals Corporation Updates Harts Point Uranium Project Drill Permitting Process in Partnership With Kraken Energy Corp.
Atomic Minerals Corporation Updates Harts Point Uranium Project Drill Permitting Process in Partnership With Kraken Energy Corp.
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2024) - Atomic Minerals Corporation (TSXV: ATOM) ("ATOMIC MINERALS" or the "Company") is pleased to provide an update on ongoing drill permitting for its 6,500-acre Harts Point Uranium Project ("Harts Point") in San Juan County, Utah. This update is in partnership with Kraken Energy Corp. (CSE: UUSA) ("Kraken"), the Company's optionee partner, and the operator for the upcoming exploration program.
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2024) - Atomic Minerals Corporation (TSXV: ATOM) ("ATOMIC MINERALS" or the "Company") is pleased to provide an update on ongoing drill permitting for its 6,500-acre Harts Point Uranium Project ("Harts Point") in San Juan County, Utah. This update is in partnership with Kraken Energy Corp. (CSE: UUSA) ("Kraken"), the Company's optionee partner, and the operator for the upcoming exploration program.
The August 2024 permit application has now been reviewed by the Monticello Field Office of the Bureau of Land Management ("BLM") with comments provided to Kraken. The partners are currently addressing the comments. Kraken plans to conduct exploratory drilling across fifteen (15) proposed sites targeting the basal Moss Back member of the Chinle formation for uranium mineralization at depths of + 1500 feet (457 metres).
The August 2024 permit application has now been reviewed by the Monticello Field Office of the Bureau of Land Management ("BLM") with comments provided to Kraken. The partners are currently addressing the comments. Kraken plans to conduct exploratory drilling across fifteen (15) proposed sites targeting the basal Moss Back member of the Chinle formation for uranium mineralization at depths of + 1500 feet (457 metres).
The next phase of drilling is aimed at building on the successful Phase I drilling campaign at Harts Point. This collaboration with Kraken Energy underscores both companies' commitment to advancing exploration and development projects in this promising region. As described in the Company's permit applications, these permits will facilitate the execution of a thorough drilling and exploration program, designed to unlock the potential of the uranium-rich Harts Point Property.
The next phase of drilling is aimed at building on the successful Phase I drilling campaign at Harts Point. This collaboration with Kraken Energy underscores both companies' commitment to advancing exploration and development projects in this promising region. As described in the Company's permit applications, these permits will facilitate the execution of a thorough drilling and exploration program, designed to unlock the potential of the uranium-rich Harts Point Property.
Clive Massey, President & CEO of Atomic Minerals, commented, "We are excited to be advancing the Harts Point Uranium Project alongside our partners at Kraken Energy. With the feedback received from the BLM on our permitting application, we are well-positioned to move forward with our exploration program. This step brings us closer to unlocking the significant potential of Harts Point, located in one of the most promising uranium regions in the U.S. We are confident that the upcoming drill program will help validate historical data and provide valuable insights into the property's resource potential."
Clive Massey, President & CEO of Atomic Minerals, commented, "We are excited to be advancing the Harts Point Uranium Project alongside our partners at Kraken Energy. With the feedback received from the BLm on our permitting application, we are well-positioned to move forward with our exploration program. This step brings us closer to unlocking the significant potential of Harts Point, located in one of the most promising uranium regions in the U.S. We are confident that the upcoming drill program will help validate historical data and provide valuable insights into the property's resource potential."
On May 23, 2023, Atomic Minerals executed a definitive agreement with Kraken Energy Corp., granting Kraken the option to acquire up to a 75% interest in Harts Point. Harts Point was identified as Moss Back member Chinle formation uranium target based on off-scale radioactivity readings from downhole gamma ray probes of three historic oil and gas holes in the area, which were spaced 2.8 miles apart. The partners believe Harts Point is analogous to Lisbon Valley.
On May 23, 2023, Atomic Minerals executed a definitive agreement with Kraken Energy Corp., granting Kraken the option to acquire up to a 75% interest in Harts Point. Harts Point was identified as Moss Back member Chinle formation uranium target based on off-scale radioactivity readings from downhole gamma ray probes of three historic oil and gas holes in the area, which were spaced 2.8 miles apart. The partners believe Harts Point is analogous to Lisbon Valley.
Lisbon Valley encompasses the Big Indian mining district, which produced 77.9 million pounds of uranium oxide ("U3O8") and 19 million pounds of vanadium from 16 large mines between 1952 and 1988 from the Triassic Chinle and Permian Cutler Formations from relatively shallow depths to more than 2,550 feet. This production represents more than 80 percent of the uranium ore mined in Utah during this time period. Ore grades averaged 0.34 percent U3O8, making these the highest grade and thickest mineable widths of all the large uranium mining districts discovered in the United States.1
里斯本山谷包括大印第安矿区,在1952年至1988年间,从三叠纪钱勒和二叠纪卡特勒地层中生产了7790万磅的氧化铀(“U3O8”)和1900万磅的钒,这来自16座大型矿山,深度相对较浅,超过2550英尺。这一产量代表了犹他州在此期间开采的铀矿石的80%以上。矿石品位平均为0.34%的U3O8,使其成为美国发现的所有大型铀矿区中品位最高、可采宽度最大的矿区之一。
Harts Point Property Highlights:
Harts Point物业亮点:
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 1950s.2
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).
世界一流的铀矿区:位于科罗拉多高原中心,自1950年代以来已产出超过32800万磅的U3O8,品位为0.2至0.4%的U3O8。
该矿权由324个荒山地的采矿权申请组成,占据2,622公顷("ha")(6,480英亩)的面积。
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Harts Point Anticline is Analogous to the Lisbon Valley Anticline: where the Lisbon Valley Uranium District hosted 17 large uranium mines which produced approximately 80M lbs U3O8 at 0.34% U3O8 from 1948 to 1988.3
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) wide.
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哈茨角背斜类似于里斯本山谷角背斜:里斯本山谷铀矿区有17座大型铀矿,从1948年至1988年生产了大约8000万磅的U3O8,品位为0.34%的U3O8。
这些板状砂岩寄主铀矿床的尺寸范围为2至13米(7至43英尺)厚,长度为100至304800万英尺(328至10,000英尺),宽度为31至42700万英尺(100至1,400英尺)。
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Significant Historic Uranium Production:
Several historic mines located 11 km (7 miles) west of the Harts Point Property produced approximately 280,000 lbs U3O8 at 0.3% U3O8 from the favorable Chinle Formation host rock. 4
The Lisbon Valley Anticline is located 31 km (19 miles) to the east of the Harts Point Property produced approximately 80M lbs U3O8 0.34% U3O8.5
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重要的铀历史产出:距离Harts Point Property 11公里(7英里)的几处历史遗址曾生产约280,000磅U3O8,且该矿床以0.3%的U3O8等级为主4。
哈茨点背斜矿区类似于里斯本山谷背斜矿区:位于哈茨点物业西侧11公里(7英里)处的几座历史悠久的矿山,从有利的钱勒地层母岩中生产了约280,000磅的U3O8,品位为0.3%的U3O8。
里斯本山脉背斜位于哈茨角产权以东31公里(19英里),产出约8000万磅U3O8 0.34% U3O8.5。
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Historic Exploration: Three wide-spaced historic oil and gas wells on the Property along the east flank of the Harts Point Anticline show 'off-scale' radioactivity within the favorable Chinle Formation host rock.
Drilled between 1953 and 1980, historic drill holes 43-037-10438, 43-037-30109, and 43-037-30623 showed off-scale radioactivity readings between 2.1 to 3.7 m thickness (7 to 12 feet) from depths of 390 to 417 m (1,280 to 1,368 feet).
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历史勘探:产权东侧哈茨角背斜上的三口间隔较大的历史石油和天然气钻井展示了优势奇纳勒组母岩中的“超标”放射性。
历史钻探:1953年至1980年间,历史钻孔43-037-10438、43-037-30109和43-037-30623显示出介于2.1到370万厚度(7到12英尺)范围内的超标放射性读数,深度从390到41700万英尺(1,280到1,368英尺)。
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Excellent Infrastructure: located approximately 64 km (40 miles) north of the White Mesa uranium processing facility.
There is also excellent access throughout the Property, which is situated 45 km (28 miles) from the town of Monticello, Utah.
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矿权位置交通便捷,位于福克斯市(Fort which is situated 45 km (28 miles) from the town of Monticello, Utah)。
图1:Harts Point铀矿产权。
Figure 1: Harts Point Claim Group, San Juan County, Utah
图1:犹他州圣胡安县哈茨角索赔团地
Qualified Person
合格人士
Mr. R. Tim Henneberry, P.Geo. (BC), an advisor to the Company, is the "Qualified Person" under National Instrument 43-101 responsible for the technical contents of this news release and has approved the disclosure of the technical information contained herein.
R. Tim Henneberry先生,P.Geo.(BC),公司顾问,是根据43-101国家规定负责本新闻发布中技术内容的“合格人员”,并已批准在此处披露技术信息。
Atomic cautions investors that the presence of uranium mineralization at Lisbon Valley is not necessarily indicative of similar mineralization at Harts Point.
Atomic提醒投资者,里斯本谷铀矿化的存在未必代表哈茨角存在类似的矿化。
Technical Information
技术信息
The drilling results referenced in this release are from historical data, which Atomic Minerals is utilizing as a guide for current and future exploration efforts. The Company has not independently verified the sampling or analysis of this historical data. The planned drilling program at Harts Point will aim to validate the historical results, advancing the Company's understanding of the uranium potential at the site.
本公告中提到的钻探结果来自历史数据,Atomic Minerals将其作为当前和未来勘探工作的指导。公司尚未独立验证这些历史数据的取样或分析。哈茨角的计划钻探项目将旨在验证历史结果,推进公司对该地点铀潜力的理解。
About the Harts Point Property
关于哈茨角质产权
Harts Point is located in the heart of the Colorado Plateau, an area often referred to as "the Athabasca Basin of the U.S." due to its rich uranium resources. The property is situated 64 kilometers (40 miles) north of the White Mesa Uranium Mill, the only fully licensed and operational conventional uranium mill in the United States. Harts Point consists of 324 lode mining claims on BLM land, with drill permits secured for up to 20 exploration drill holes.
哈茨角位于科罗拉多高原核心地带,该地区常被称为美国的“阿萨巴斯卡盆地”,因其丰富的铀资源。该地产位于距美国唯一完全持牌和运营的传统铀矿厂-白墨萨铀矿厂北部64公里(40英里)处。哈茨角包括在BLm土地上的324个矿权申请,已获得多达20口勘探钻孔的钻探许可。
About the Company
关于公司
Atomic Minerals Corp. is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven track record in the junior mining sector. Atomic Minerals' objective is to identify exploration opportunities in regions that have been previously overlooked but are geologically similar to those with previous uranium discoveries. These underexplored areas hold immense potential and are in stable geopolitical and economic environments.
Atomic Minerals Corp.是一家在TSX Venture Exchange上公开上市的勘探公司,在高技能的管理和技术团队带领下,具有初创采矿板块方面的良好记录,其证券代码为ATOm。Atomic Minerals的目标是确定先前被忽视但地质环境与已发现铀矿区相似的区域的勘探机会。这些未充分开发的区域具有巨大潜力,并处于稳定的地缘政治和经济环境中。
Atomic Minerals' property portfolio contains uranium projects in three locations within North America, all of which have significant technical merit and or are known for hosting uranium production in the past. Three of the properties are located on the Colorado Plateau, an area which has previously produced 597 million pounds of U3O8; Three others are in the prolific Athabasca Basin region and nine uranium projects are located Northern Saskatchewan, encompassing a total exploration area of 6,495 hectares.
Atomic Minerals的资产组合包括北美三个地点的铀项目,所有这些项目都具有重要的技术优势并且在过去都承载铀生产。其中三个位于科罗拉多高原地区,该地区以前曾产出597万磅的U3O8;另外三个在多产的Athabasca盆地地区,而九个铀项目则位于萨斯喀彻温北部,总勘探面积为6495公顷。
For additional information about the Company and its projects, please visit our website at .
有关公司及其项目的更多信息,请访问我们的网站。
ON BEHALF OF THE BOARD OF DIRECTORS
董事会代表
"Clive Massey"
Clive H. Massey
President & CEO
"Clive Massey"
Clive H. Massey
总裁兼首席执行官
For further information, please contact:
info@atomicminerals.ca
(604) 341-6870
如需更多信息,请联系:
info@atomicminerals.ca
(604) 341-6870
Neither TSX Venture Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
TSX Venture Exchange及其监管服务供应商(如在TSX Venture Exchange的政策中定义)对此发布的充分性或准确性概不负责。
Forward-Looking Statements:
前瞻性声明:
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Atomic Minerals Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Atomic Minerals Corporation management on the date the statements are made. Except as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
此新闻发布涉及某些被视为“前瞻性”的声明。前瞻性声明是指那些并非历史事实并且通常但并非总是被识别为“期望”、“计划”、“预计”、“相信”、“意图”、“估计”、“项目”、“潜力”及类似表述,或者事件或条件将会,“将”、“可能”、“会”、“可能会”或者“应该”发生的声明。尽管Atomic Minerals Corporation认为此类前瞻性声明是基于合理的假设,但这些声明不是未来表现的保证,实际结果可能会与前瞻性声明中的结果有所不同。前瞻性声明基于Atomic Minerals Corporation管理层在发布声明的日期上的信仰、估计和意见。Atomic Minerals Corporation除法律要求外,在管理层的信仰、估计或意见或其他因素发生变化时,不承担更新这些前瞻性声明的任何义务。
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1 Source: Chenoweth, W.L. (1990). Lisbon Valley, Utah's Premier Uranium Area, a Summary of Exploration and Ore Production. Utah Geological Survey Open File Report 188, July 1990.
2 Source: Holger Albrethsen, Jr. and Frank E. McGinley (1982). Summary History of Domestic Procurement Under U.S. Atomic Energy Commission Contracts, September 1982.
3 Source: Gordon W. Weir and Willard P. Puffett (1981). Incomplete manuscript on stratigraphy and structural geology and uranium-vanadium and copper deposits of the Lisbon Valley area, Utah-Colorado. Open-File Report 81-39. Pages 153 to 163. United States Department of the Interior Geological Survey.
4 Source: Chenoweth, W.L. (1993): The geology and Production History of the Uranium deposits in the White Canyon Mining District, San Juan County, Utah, Utah Geological Survey Miscellaneous Publication 93-3.
5 Source: Chenoweth, W.L. (1990). Lisbon Valley, Utah's Premier Uranium Area, a Summary of Exploration and Ore Production. Utah Geological Survey Open File Report 188, July 1990.
来源:Chenoweth,W.L.(1990)。“利斯本谷,犹他州首要铀矿区,勘探和矿石生产总结”。犹他州地质调查局188号公开文件报告,1990年7月。
来源:Holger Albrethsen, Jr.和Frank E. McGinley(1982年)。“美国原子能委员会合同下国内采购历史摘要”,1982年9月。
来源:Gordon W. Weir和Willard P. Puffett(1981年)。关于利斯本谷地区(犹他州-科罗拉多州)地层学、构造地质学、铀-钒和铜矿床的不完整手稿。开放文件报告81-39。第153至163页。美国内政部地质调查局。
来源:Chenoweth,W.L.(1993年):“白峡谷矿区铀矿床的地质和生产历史”,犹他州圣胡安县,犹他州地质调查局综合出版物93-3。
资料来源:Chenoweth,W.L.(1990年)。 莱索尔瓦利,犹他州最重要的铀区,勘探和矿石生产摘要。 犹他州地质调查局188号公开文件报告,1990年7月。