Atomic Minerals is a Vancouver based publicly listed exploration company trading on the TSX Venture Exchange. The company is led by a highly skilled management and technical team with numerous previous successes in the junior mining sector.
Summary
Northern Saskatchewan Project
Atomic Minerals Corp.’s Northern Saskatchewan Project focuses on exploring uranium-rich areas in Canada’s Athabasca Basin, a region renowned for high-grade uranium deposits. The project spans nine properties, totaling just under 6,500 hectares, each strategically selected based on their potential to host significant uranium mineralization. Two of the projects lie proximal or close to known deposits, and a third hosts a 1957 historic resource.
The Athabasca Basin is considered one of the best uranium districts globally due to its geological characteristics, which include the presence of sandstone-hosted uranium deposits. Atomic Minerals’ properties in this region are located near existing major uranium operations, providing a logistical advantage and enhancing the potential for successful discoveries.
- Bleasdell Lake hosts a 1957 historic resource of 620,700 pounds of U3O8 contained within two zones. This property offers a strong foundation for further exploration, with historical data indicating significant uranium potential.
- Parks Lake is strategically positioned 3 km southeast of the historic Rabbit Lake Mine and 2 to 4 km east-northeast of Uranium Energy Corp.’s Horseshoe and Raven deposits. Its proximity to these known deposits underscores its high exploration potential.
- Pistol Lake is completely surrounded by Cameco and is situated 600 meters north of their Sand Lake deposit. This location within a uranium-rich zone highlights its promise for substantial discoveries.
- Carswell Lake lies in the Cluff Meteorite Crater, approximately 15 kilometers north of the Cluff Lake Mine. This property hosts a historic showing and three historic drill holes and is entirely surrounded by Uranium Energy Corp. Four historic showings have been documented in the provincial mineral inventory database.
- Tuma Lake covers an aeromagnetic anomaly approximately 10 kilometers northeast of Carswell Lake, suggesting underlying mineralization conducive to uranium deposits.
- Big Sardine is contiguous to Tuma Lake and lies along a significant fault system. Faults are often pathways for mineralizing fluids, making this area a prime target for exploration.
- Baby Loon Lake is located to the south of the eastern side of the Athabasca Basin and covers two historic uranium showings near the Needle Falls Shear Zone, another promising area for uranium mineralization.
- Astleford Lake is contiguous to the south and covers the potential strike extension of the zone, suggesting that mineralization may continue into this property.
- Archie Lake lies contiguous to the north, east, and west of NexGen Energy, on the southwest edge of the Athabasca Basin. Assessment records for conductors within the property need to be reviewed before the initiation of the 2024 exploration program.
The exploration strategy for the Northern Saskatchewan Project involves a combination of advanced geophysical surveys, geochemical analysis, and drilling programs. Initial airborne and ground geophysical surveys have identified several high-priority targets characterized by conductive anomalies and structural features favorable for uranium deposition. These targets are further refined through soil and rock sampling, leading to the identification of drill-ready sites.
The Northern Saskatchewan Project represents a significant opportunity for Atomic Minerals Corp. to establish a foothold in one of the world’s premier uranium districts. With a strong technical team and a strategic exploration plan, the company is well-positioned to unlock the potential of these properties and contribute to the global uranium supply.
USA Projects
Harts Point Project
The Harts Point Project, located in San Juan County, Utah, is a key exploration initiative for Atomic Minerals Corp., targeting uranium and vanadium mineralization within the Colorado Plateau. This region has a long history of uranium and vanadium production, making it a prime location for new discoveries.
- Harts Point comprises several claim blocks that cover significant geological structures known for hosting uranium and vanadium deposits. The project area includes historical mines and prospects, providing valuable geological information and a strong basis for exploration activities.
- The exploration strategy at Harts Point involves detailed geological mapping, geophysical surveys, and extensive drilling programs. Initial fieldwork has focused on identifying and sampling surface exposures of mineralization, which has confirmed the presence of uranium and vanadium in several areas. Geophysical surveys, including radiometric and magnetic methods, have helped delineate subsurface targets for further investigation.
- Drilling programs are designed to test these targets at depth and evaluate the continuity and grade of the mineralization. Previous exploration in the region has encountered high-grade uranium and vanadium, and Atomic Minerals aims to build on this success by expanding known mineralized zones and discovering new ones.
- The Harts Point Project has the potential to become a significant source of uranium and vanadium, contributing to the energy and industrial sectors. Atomic Minerals Corp. is committed to advancing this project through systematic exploration and development, aiming to create value for shareholders and support the growing demand for critical minerals.
10 Mile Project
The 10 Mile Project, situated in Grand County, Utah, is another key exploration focus for Atomic Minerals Corp. This project targets uranium mineralization, a critical element essential for nuclear energy production. The 10 Mile Property consists of 521 unpatented lode claims totaling more than 10,400 acres encompassing four separate blocks, managed through its wholly owned American subsidiary, Recoupment Exploration Company LLC.
- The 10 Mile Project encompasses several claims over a large area, strategically selected based on geological evidence of uranium mineralization. The project area is characterized by the presence of uranium-bearing formations, similar to those found in other major uranium-producing regions in Nevada.
- The exploration approach at 10 Mile involves a combination of geological mapping, geochemical sampling, and drilling. Initial surface sampling has revealed significant uranium concentrations, indicating the potential for economically viable deposits. Geophysical surveys, including gravity and magnetotellurics method, have been conducted to map subsurface structures and identify promising targets for drilling.
- Drilling programs are designed to intersect uranium-bearing horizons and assess the thickness and grade of the mineralization. The company plans to conduct both shallow and deep drilling to fully evaluate the resource potential. Early drilling results have been encouraging, showing substantial uranium values and confirming the presence of extensive uranium-bearing formations.
- Atomic Minerals is committed to sustainable and responsible exploration practices at the 10 Mile Project. The company follows stringent environmental guidelines and engages with local communities to ensure that exploration activities are conducted in a socially responsible manner. This commitment to environmental and social responsibility is a core value of Atomic Minerals and is reflected in all aspects of the project.
- The 10 Mile Project represents a significant opportunity for Atomic Minerals Corp. to participate in the growing uranium market. With a strategic location in a known uranium province and a robust exploration plan, the company is well-positioned to advance this project towards development and contribute to the global supply of uranium.
Dolores Project
The Dolores Anticline property consists of 50 unpatented lode claims totaling more than 1,000 acres in San Miguel County, Colorado. Atomic Minerals Corp.’s Dolores Project is focused on exploring for uranium and vanadium deposits in this historically significant mining region. The area has a rich history of uranium and vanadium production, making it an ideal target for new exploration efforts.
- The Dolores Project’s geological setting includes favorable formations for hosting uranium and vanadium mineralization, similar to those found in nearby producing mines. The property lies within a structural feature known as the Dolores Anticline, which is believed to control the distribution of mineralized zones.
- The exploration strategy for the Dolores Project involves detailed geological mapping, geochemical sampling, and geophysical surveys to identify and prioritize targets for drilling. Initial fieldwork has confirmed the presence of uranium and vanadium mineralization in several areas, leading to the identification of high-priority drill targets. Geophysical surveys, including radiometric and magnetic methods, are being used to further refine these targets and enhance the understanding of the subsurface geology.
- Drilling programs are designed to test the continuity and grade of the mineralization at depth. Early drilling results have been promising, with significant intersections of uranium and vanadium mineralization. The company plans to expand the drilling program to fully delineate the extent of the mineralized zones and assess the economic potential of the deposit.
- The Dolores Project offers a significant opportunity for Atomic Minerals Corp. to develop a high-grade uranium and vanadium resource in a well-known mining district. With a strong technical team and a comprehensive exploration plan, the company is well-positioned to advance this project towards development and contribute to the supply of critical minerals for the energy and industrial sectors.
Atomic Minerals is committed to sustainable and responsible exploration practices at the 10 Mile Project. The company follows stringent environmental guidelines and engages with local communities to ensure that exploration activities are conducted in a socially responsible manner. This commitment to environmental and social responsibility is a core value of Atomic Minerals and is reflected in all aspects of the project.