Atomic Acquires South Lisbon Valley East Property in Utah

Executive Summary

• Atomic Minerals Corp. acquired the South Lisbon Valley East (“SLVE”) property in San Juan County, Utah via Quit Claim Deed, adding 1,516.5 acres of BLM lode claims to its portfolio.
• The SLVE block targets a suspected uranium mineralization belt within the Moss Back member of the Triassic Chinle Formation, supported by historic oil‑and‑gas drill hole gamma‑ray anomalies and off‑scale radioactivity readings.
• Management highlighted the strategic significance of the acquisition, noting the property’s location on the northeastern side of the down‑faulted Lisbon Valley anticline—a region with a legacy of uranium production.

Key Details

• Acquisition Method: Quit Claim Deed covering DBI #218 through DBI #292 BLM lode claims.
• Property Size: 1,516.5 acres (614 ha), located ~35 km NE of Monticello, Utah.
• Geological Setting: Southern portion of a suspected uranium belt in the Moss Back member of the Triassic Chinle Formation; adjacent to historic Lisbon Valley anticline structures.
• Historical Context: Lisbon Valley produced ≈80 million lb U₃O₈ (1952‑1982) on the southwest flank; Rio Algom mine yielded 13 million lb at 0.25% grade on the down‑faulted side, supporting the presence of a similar belt on the northeast side.
• Exploration Indicators:
• Historic oil & gas wells (9) within SLVE show off‑scale gamma‑ray readings over 1.8–4.5 m widths at depths of 760–880 m (2,495–2,890 ft).
• Drill hole database entries (API #s listed) indicate anomalous to extremely anomalous gamma‑ray responses in 28 of 51 holes across a ~20 km × 750 m belt.
• Strategic Rationale: Expands Atomic’s Colorado Plateau portfolio, targeting underexplored uranium potential with favorable geology and existing data support.

Notable Quotes

“We are extremely pleased to identify and acquire the SLVE property through the diligent efforts of our technical team,” said CEO Clive Massey. “Lisbon Valley has been a hot bed of uranium exploration since its discovery in the early 1950’s… it is very gratifying to see strong evidence that it may indeed exist.”