Announcement from Atomic Minerals Corp. – GuruFocus.com
VANCOUVER, BC /ACCESSWIRE/April 19, 2022 / Atomic Minerals Society (“ATOMIC MINERALS” or the “Company”) (TSXV: ATOM) is pleased to announce the launch of a high-resolution airborne magnetic survey (“Airborne Survey”) at its 6,556 ha Lloyd Lake uranium project (“Lloyd Lake Project”), located in the prolific Athabasca Basin near the village of La Loche, Saskatchewan, Canada.
Clive Massey Atomic Minerals, CEO and Chairman, commented “We are pleased to have commenced the aerial survey over Lloyd’s Lake, tracking a complex network of underground conductors coincident with surface radiometric anomalies discovered during historical exploration programs. We expect the magnetism to help refine drill targets in the conductors for an initial drill program later this summer.“
KBM Resource Group (“KBM”) of Thunder Bay, Ontario was contracted to conduct a 684 line km fixed-wing magnetic survey over the Lloyd Lake project. The Company anticipates that the airborne magnetic surveys will help identify faults and folds thought to be associated with other important markers of uranium mineralization, including underground conductors and radiometric anomalies.
About the Lloyd’s Lake Project
The Lloyd Lake project is located immediately south of the western Athabasca basin, approximately 90 km SE of the Patterson Lake Fission Uranium project. Lloyd Lake was extensively explored by Western Athabasca Syndicate in 2013 as part of the Preston property, generating an extensive data set, which includes: airborne EM-magnetic and radiometric surveys, follow-up prospecting, systematic sediment sampling from lake bottom and lake bottom waters. sampling for radon gas analysis and extensive soil, biogeochemical and soil radon surveys, typically at 100m to 200m sampling spacing and 200m to 400m line spacing . Radon gas is a decay product of uranium with abnormal concentrations indicative of potential occurrences of uranium. Subsequent exploration focused on anomalous areas identified by previous surveys and included mapping and prospecting phases, a general-purpose time-domain electromagnetic (VTEM plus) and aeromagnetic survey and a radiometric-VLF-EM survey and airborne magnetic. The Atomics technical team is compiling and reviewing the various datasets to generate targets for future exploration.
About the company
Atomic Minerals is a publicly traded uranium exploration company based in Vancouver and listed on the TSX Venture Exchange. The Company is led by a highly skilled management and technical team with extensive track record of success in the junior mining sector.
For more information, please visit the company’s website at www.atomicminerals.ca
Mr. R. Tim Henneberry, geo. (B.C.), is the “qualified person” under National Instrument 43-101 Disclosure Standards for Mining Projects (“NI 43-101”) and is responsible for the technical content of this press release and has approved the disclosure of the technical information contained herein.
ON BEHALF OF THE BOARD OF DIRECTORS
Clive H. Massey
President and CEO
For more information, please contact:
(604) 644-6794; Office (604) 341-6870
Neither the TSX Venture Exchange nor its 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.
This press release contains certain statements that may be considered “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”, “should”, “could”, “might” or “should” occur. Although Atomic Minerals Corporation believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the management of Atomic Minerals Corporation as of the date the statements are made. Except as required by law, Atomic Minerals Corporation undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.
THE SOURCE: Atomic Minerals Society
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