Atomic Minerals Corp. Identifies Pistol Lake Target Zone
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For Immediate Release
PRESS RELEASE
May 15, 2024
Symbol: TSX-V: ATOM
Atomic Minerals Corp. Identifies Pistol Lake Target Zone
Vancouver, British Columbia, May 15, 2024 – Atomic Minerals Corporation ("ATOMIC
MINERALS" or the "Company") (TSX Venture: ATOM) is pleased to announce the identification
of the Pistol Lake Target Zone (“PLTZ”) following a comprehensive analysis of historical datasets at
its Pistol Lake Project (“Pistol Lake”), in the Athabasca Basin of Northern Saskatchewan.
As part of the comprehensive review of each of the properties acquired in the recent Saskatchewan
acquisition, Grander Exploration Ltd. (“Grander”) has identified a NE 3.5km coincidental mag and
gravity low anomaly trending across the entire length of Pistol Lake property and extending onto
Cameco claims to the SW and NE: the Pistol Lake Target Zone. (see April 16, 2023, April 23, 2023
news releases).
Clive Massey, President, and CEO of Atomic Minerals expressed his optimism about the analysis: "The
long-time exploration experience of the Grander Exploration team in northern Saskatchewan has led to
the identification of an exploration target with considerable potential. While the Pistol Lake Target Zone
was overlooked by Cameco, the Company feels it represents a significant opportunity with historic
drilling in adjacent areas, like the Thorburn Lake Grid to the SW, encountering highly altered
sandstones, a key indicator of potential deeper basement uranium. Until recently, Cameco amongst
others, commonly drilled one run (+3m) into the basement and stopped; however, the recent Cameco
success at Millenium, as well as Fission at PLS and NexGen at Arrow demonstrated following alteration
well into the basement can lead to considerable success,” he continued.
Pistol Lake is completely surrounded by Cameco Corp. (“Cameco”) and lies 600 metres north of their
Sand Lake deposit and just west of Cigar Lake Uranium Mine (with reserves of over 200M pounds
U3O8).1
Interestingly, the PLTZ was highlighted as a key area of interest from an extensive 2007 Falcon Airborne
Gravity Gradiometer (“AGG Survey”), flown by Fugro Airborne Surveys Pty Ltd. (“Fugro”) for Areva
S.A. (“AREVA”), the French multinational group specializing in nuclear power headquartered in
Courbevoie, France. The survey, which covered over 3,720 square kilometres, identified the PLTZ as
one of the most significant findings, especially notable for its coincidental magnetic and gravity lows
that align with high percentiles in radiometric readings indicating surface thorium and uranium.2
Further, historical data from the 2007 AGG Survey provided by Cameco under their Dawn Lake Project
included a moving-loop Time Domain Electromagnetic (“TDEM”) ground survey that extended
through the region. Although this TDEM survey did not cover the Pistol Lake claim directly, the
presence of conductors identified to both the NE and SW of the claim complements the intriguing
2
features of the PLTZ. Previous drilling in adjacent areas, like the Thorburn Lake Grid, uncovered highly
altered sandstones, heightening the prospective value of the surrounding sites.3
This discovery at Pistol Lake opens a promising chapter for Atomic Minerals as it seeks to explore and
potentially develop this high-potential area. The Company plans to initiate detailed fieldwork in 2024
aimed at probing the uranium potential of Pistol Lake TZ.
Atomic Minerals cautions the presence of uranium mineralization at Sand Lake, PLS, Millenium and
Arrow are not necessarily indicative of similar mineralization at Pistol Lake.
Sources:
1. Cameco Corp.: https://www.cameco.com/businesses/uranium-operations/canada/cigar-lake
2. Fugro Airborne Surveys (2007). Airborne Gravity Gradiometer Survey, Magnetic and Radiometric
Geophysical Survey for BHP Billiton. Acquisition and Processing Report. Saskatchewan Energy and
Resources Assessment Report 74I02-0079.
3. Hirsekorn, D., Bzdel, L., Hamel, C. and Yackulic, A. (2008). Dawn Lake Project 2007 Annual
Exploration Report. Mineral Claim Groups (GC's) 45511, 45807, 45807, 45808, 45514, 45515, 45643
and ungrouped claims. NTS 64L/04, 05 and 74I01, 08. Saskatchewan Energy and Resources Assessment
Report 74I01-0114.
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 which has previously produced
597 million pounds of U3O8; Three others are in the prolific Athabasca Basin region and nine uranium
projects are located Northern Saskatchewan, encompassing a total exploration area of 6,495 hectares.
For additional information about the Company and its projects, please visit our website at
www.atomicminerals.ca
ON BEHALF OF THE BOARD OF DIRECTORS
“Clive Massey”
Clive H. Massey
President & CEO
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For further information, please contact:
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 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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