Atomic Minerals Corp. Clarifies the Proposed Drilling Schedule for The Bleasdell Lake Uranium Project
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For Immediate Release
PRESS RELEASE
November 14, 2024
Symbol: TSX-V: ATOM
Atomic Minerals Corp. Clarifies the Proposed Drilling
Schedule for The Bleasdell Lake Uranium Project
Vancouver, British Columbia, November 14, 2024 – Atomic Minerals Corp. (TSX-V:
ATOM) ("Atomic" or the "Company") wishes to clarify the exploration schedule for the
Bleasdale Lake Project (“Bleasdell Lake”) in a previous news release disseminated early
yesterday morning, November 13, 2024. Permits are currently in process and expected to be
finalized shortly, with the Company's main objective being to mobilize on the property and
commence drilling in December as quickly as possible. The Company regrets any confusion that
may have been created by the previous inaccurate new release.
The Bleasdell Lake project is located approximately 95 kilometers southwest of Lynn Lake,
Manitoba, Atomic Minerals is advancing toward obtaining a multi-year permit for ground-based
geophysics and up to 4,000 meters of diamond drilling. The exploration program will focus on
three newly identified uranium target zones in addition to the historically drilled Horn and
Jackpine zones. These areas are known for uranium-bearing pegmatite dykes. Historic trenching
returned 91m averaging 0.12% U3O8 over 2.56m and 33.5m averaging 0.62% U3O8 over 1.21m.
Drilling beneath the trenching identified a 1957 historic resource of 620,700 pounds of U3O8
(triuranium octoxide), identified within the Horn and Jackpine zones.
This historic estimate was originally reported in a shareholder report for Columbia Metals
Exploration Co. Ltd. dated Nov. 9, 1957. The estimate, which was calculated using the standards
of the time, is based on data from closely spaced shallow drill holes and more widely spaced
deeper drill holes. While the historic resource is considered relevant to the potential of the
Bleasdell Lake property, there is no technical report, and the calculations, methods and
parameters used were not disclosed in the shareholder report. Consequently, a qualified person
has not completed sufficient work to classify the historical estimate as a current mineral resource.
The Company acknowledges that, to upgrade or verify the historical estimate as a current mineral
resource, significant twinning of the historic drill holes will be necessary. As such, Atomic is not
treating the historical estimate as a current mineral resource at this time.
For more information on Atomic Minerals Corporation and the Bleasdell Lake Project, please visit
Atomic Minerals Corp. Northern Saskatchewan Projects.
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Technical Information
The exploration and drilling results referenced in this release are based on historical data, which
Atomic Minerals is utilizing as a foundation for its current and future exploration strategies. The
Company has not independently verified the sampling or analysis of this historical data. Planned
exploration and drilling at Bleasdell Lake are expected to validate these historical findings and
enhance Atomic Minerals’ understanding of the uranium potential at the site.
Qualified Person
Mr. R. Tim Henneberry, P.Geo. (BC), an advisor to the Company, is the "Qualified Person" under
National Instrument 43-101 responsible for the technical contents of this news release and has
approved the disclosure of the technical information contained herein.
About the Company
Atomic Minerals Corp. is a publicly listed exploration company on the TSX Venture Exchange,
trading under the symbol ATOM, led by a highly skilled management and technical team with a
proven track record in the junior mining sector. Atomic Minerals' objective is to identify
exploration opportunities in regions that have been previously overlooked but are geologically
similar to those with previous uranium discoveries. These underexplored areas hold immense
potential and are in stable geopolitical and economic environments.
Atomic Minerals' property portfolio contains uranium projects in three locations within North
America, all of which have significant technical merit and/or are known for hosting uranium
production in the past. Three of the properties are located on the Colorado Plateau, an area that
has previously produced 597 million pounds of U 3O8 (triuranium octoxide). Six properties,
comprising nine claims totaling 6,498 hectares, are located in Northern Saskatchewan: five within
or proximal to the prolific Athabasca basin and a sixth that hosts a historic resource.
For additional information about the Company and its projects, please visit our website at
www.atomicminerals.ca
Please download the Atomic Minerals Corporate Presentation
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive Massey”
Clive H. Massey
President & CEO
For further information, please contact:
Investor Relations
(604) 341-6870
Neither TSX V enture Exchange nor their Regulation Services Provider (as that term is defined in
the policies of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
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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", "beli eves", "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 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, Atomic 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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