Atomic Minerals Corp. Acquires Harts Point Claim Block Based on Historical Drill Data
Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
For Immediate Release
PRESS RELEASE October 12, 2022
Symbol: TSX-V: ATOM
Atomic Minerals Corp. Acquires Harts Point Claim
Block Based on Historical Drill Data
Vancouver, British Columbia, October 12, 2022 –Atomic Minerals Corporation ("ATOMIC
MINERALS" or the "Company") (TSX Venture: ATOM) is pleased to announce it has acquired by
staking, the Harts Point Project (“Harts Point”), consisting of 324 unpatented lode claims totaling more
than 6,500 acres, in San Juan County, Utah through its wholly owned American Subsidiary, Recoupment
Exploration Company LLC.
Clive Massey, Atomic Minerals CEO and President commented, “We are extremely excited to announce
the second of our US uranium acquisitions. The Harts Point area is an excellent exploration target. We
staked the ground based on historical drill data indicating Chinle Formation sandstones with significant
gamma ray kicks in three holes, I am very pleased to add the Harts Point to our project portfolio as
Atomic continues to acquire superior uranium assets.”
Atomic Minerals’ Harts Point lies on the eastern flank of the southern extension of Gibson Dome, a
non-diapiric salt anticline, in San Juan County, Utah near the northeastern limits of the White Canyon
Mining District. Four mines located about seven miles west of the Harts Point , the Jean, Moki,
Lavender, and Conglomerate, in upper Indian Creek shipped a total of 42,000 tons of material hosted
by Chinle Formation sandstones during the 1950's uranium boom. Average uranium grades were 0.30%
U308 and vanadium values were also present. 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.
Atomic’s management team believe the Harts Point anticline lies in an identical geological setting to the
Lisbon Valley anticline, 19 miles to the northeast of the Harts Point claims. Lisbon Valley encompasses
the Big Indian mining district, which produced approximately 80 million pounds of uranium oxide 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 in excess of 2,550 feet. This production
represents more than 66 percent of the uranium ore mined out of the 122 m illion pounds produced in
Utah during this period. Ore grades averaged 0.34 percent uranium oxide, making it the highest grade of
all the large uranium mining districts discovered in the United States. 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.
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Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
Historic oil and gas drilling throughout the Colorado Plateau included three holes within the HP claims.
Diligent review of the drill logs by Atomic’s geological consultant showed the prospective Chinle
Formation lies between 1,200 feet to 1,400 feet below surface and correlates well between the three holes
roughly 2.8 miles apart . Gamma ray logs from each of the three holes showed spikes within the basal
section of the Chinle, the primary location for uranium mineralization in the Formation throughout the
area. The Hart Point claim block was staked based on their review of the Harts Point historic oil and gas
gamma ray logs.
Atomic Minerals Harts Point lies approximately 40 miles by road west of Energy Fuel’s White Mesa
uranium mill.
About the Company
Atomic Minerals is a Vancouver based publicly listed uranium exploration company trading on the TSX
Venture Exchange, with current assets in Saskatchewan’s Athabasca Basin and the Four Corners region
of the southwest United States. The Company is led by a highly skilled management and technical team
with numerous previous successes in the junior mining sector.
For additional information, please visit the Company's website at www.atomicminerals.ca
Qualified Persons
Mr. R. Tim Henneberry, P.Geo. (BC), is the "Qualified Person" under National Instrument 43 -101
Standards of Disclosure for Mineral Projects ("NI 43-101") and is responsible for the technical contents
of this news release and has approved the disclosure of the technical information contained herein.
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive Massey”
Clive H. Massey
President & CEO
For further information, please contact:
Investor Relations
(604) 644-6794; Office (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.
Forward-Looking Statements:
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
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Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
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, A tomic 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.
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