Atomic Minerals Corp. Acquires the SC Claim Block in Colorado
Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
For Immediate Release
PRESS RELEASE September 21, 2022
Symbol: TSX-V: ATOM
Atomic Minerals Corp. Acquires the SC Claim Block in
Colorado
Vancouver, British Columbia, September 21, 2022 –Atomic Minerals Corporation ("ATOMIC
MINERALS" or the "Company") (TSX Venture: ATOM) is pleased to announce it has acquired by
staking, the SC Claim Group (“SC”), consisting of 50 unpatented lode claims totaling more than1,000
acres, in San Miguel County, Colorado 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 first of our US uranium acquisitions. The Delores Anticline has been of technical interest to me since
my Universal Uranium days and I ’m very pleased to add this property to the Atomic portfolio as we
continue to acquire superior uranium assets.”
Atomic Minerals SC claim group lies on the northern end of the Dolores Anticline, in San Miguel
County, Colorado, at the southern end of the Uravan Mineral Belt (“Uravan”). The Uravan (a
contraction of Uranium-Vanadium) Mineral Belt produced 75.5 million pounds of uranium oxide and
331.8 million pounds of vanadium from the Salt Wash Member of the Jurassic Morrison Formation
during the years between 1947 and 1979 from more than 1 ,200 mines.* While these mining claims are
located on the southern end of the Uravan, they were located in an area considered to be very favorable
for the concentration of uranium mineralization in the Moss Back Member of the Triassic Age Chinle
Formation and the Permian Cutler Formation as well as the Salt Wash Member of the Morrison
Formation.
*Source Chenoweth, W.L. (1981). The Uranium -Vanadium Deposits of the Uravan Mineral Belt and Adjacent
Areas, Colorado and Utah. New Mexico Geological Society Guidebook, 32nd Field Conference. pp. 165-170.
Utah’s premier uranium production area, the Big Indian mining district, is located in Lisbon Valley,
which is 30 miles northwest of the SC claims. The Big Indian mining district yielded 77.9 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. This production represents more than 80 percent of
the uranium ore mined in Utah during this time period. Ore grades averaged 0.34 percent uranium oxide,
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Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
making it the highest grade of all the large uranium mining districts discovered in the United States. Due
to the high-grade nature of the ore bodies exploited in the Big Indian mining district, it accounts for more
uranium than any other area of a similar si ze on the Colorado Plateau. Of the nearly 80 million pounds
of uranium oxide mined on the Lisbon Valley Anticline, more than 43 million pounds was produced
from a cluster of ore bodies on the north end of the Anticline, including 21 million pounds that was
produced from Rio Algom Mining’s Lisbon Valley mine during the years between 1969 -1988 from a
depth of 2,550 feet.**
**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.
The SC claims are located on the north end of the Dolores Anticline, where a strong association of
anticlinal structural control and favorable host rocks for uranium mineralization similar to Lisbon Valley
were determined to be present by the United States Geological Survey. In the late 1970s, widely spaced
exploration drilling for uranium by the Hunt Oil Company and Newmont Mining Company confirmed
the presence of the highly favorable Moss Back Member of the Chinle Formation on this anticlinal
structure. Gamma ray logs of a number of these holes reported spikes within the Chinle Formation.
Atomic Minerals’ geological consultants have confirmed the presence of uranium mineralization in
several prospects in the Dolore s River Canyon, where the favorable Moss Back Member has been
exposed and appears to have a wide extent. The SC claim block was staked based on their review of the
gamma ray logs and their Dolores River Canyon observations.
Atomic Minerals’ SC Claim Group is approximately 75 miles from Energy Fuels’ White Mesa uranium
processing facility.
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
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Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
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 Ato mic
Minerals Corporation believes the expectations expressed in such forward -looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results may differ
materially from those in forward loo king 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, Atomic Minerals Corporation undertakes no obligation to u pdate these forward -looking
statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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