Atomic Minerals receives drilling approval at Harts

Executive Summary

• Atomic Minerals Corp. has received regulatory approval to drill up to 15 exploration holes at its Harts Point uranium project in San Juan County, Utah.
• The drilling program targets uranium mineralization within the basal Moss Back member of the Chinle formation at depths exceeding 1,500 feet (457 metres).
• The initiative follows up on successful 2024 drill results from former joint venture partner Kraken Energy and aims to define and trace uranium mineralization along strike, seeking to identify an arcuate belt similar to the Lisbon Valley district.

Key Details

• Drilling Approval: Authorization granted for up to 15 drill holes at the 6,500-acre Harts Point project.
• Target Formation: Basal Moss Back member of the Chinle formation.
• Target Depth: Mineralization at depths of more than 1,500 feet (457 metres).
• Strategic Objective: Defining and tracing uranium mineralization along strike to potentially identify an arcuate belt analogous to the Lisbon Valley district.
• Historical Context (Kraken Energy): Two holes drilled by Kraken Energy Corp. in 2024 highlighted anomalous downhole readings in the Moss Back member, prompting the current staking and drilling plan.
• Historical Context (Off-scale Readings): Downhole gamma-ray probes from three historic oil and gas holes, spaced 4.5 kilometres (2.8 miles) apart, recorded off-scale radioactivity within the Moss Back member, leading to the staking of the Harts Point project.
• Lisbon Valley Analogue: Located 31 km (19 miles) east of Harts Point; produced nearly 80 million pounds of U3O8 and 19 million pounds of vanadium between 1948 and 1988.
  • Ore grades averaged 0.34% U3O8.
  • Orebodies ranged from 2 to 13 metres thick, 100 to 3,048 metres long, and 31 to 427 metres wide.
  • Individual orebodies contained from a few hundred to over 20 million pounds of U3O8.
• Nearby Historic Production: Mines located 11 km (7 miles) west of Harts Point produced approximately 280,000 pounds U3O8 at 0.3% U3O8 from the Chinle formation.
• Historic Well Data: Three wide-spaced historic oil and gas wells within the Harts Point property boundary recorded off-scale radioactivity in the Chinle formation over widths of 2.1 to 3.7 metres (7 to 12 feet) from depths of 390 to 417 metres (1,280 to 1,368 feet).
• Qualified Person: R. Tim Henneberry, PGeo (British Columbia), approved the technical disclosure under National Instrument 43-101.
• Data Verification: The company notes that referenced drilling results are from historical data and have not been independently verified; the new program aims to validate these results.
• Location Details: Harts Point is located on the Colorado Plateau, 64 km (40 miles) north of the White Mesa uranium mill (the only fully licensed conventional uranium mill in the US). The property consists of 324 lode mining claims on BLM land.

Notable Quotes

• "We are very pleased to have approval for 15 drill holes at Harts Point. The focus of the next phase of drilling will be defining and tracing uranium mineralization along strike, which we hope will define an arcuate belt similar to that at Lisbon Valley." — Clive Massey, President and CEO