Atomic Minerals Corp. Stakes the 10 Mile Anticline in Grand County, Utah
Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
For Immediate Release
PRESS RELEASE November 8, 2022
Symbol: TSX-V: ATOM
Atomic Minerals Corp. Stakes the 10 Mile Anticline
in Grand County, Utah
Vancouver, British Columbia, November 8, 2022 –Atomic Minerals Corporation ("ATOMIC
MINERALS" or the "Company") (TSX Venture: ATOM) is pleased to announce it has acquired by
staking, the NVM Claim Blocks, collectively the 10 Mile Property (the “10 Mile”), consisting of 521
unpatented lode claims totaling more than 10,400 acres encompassing four separate blocks, in Grand
County, Utah through its wholly owned American subsidiary, Recoupment Exploration Company LLC.
Clive Massey, Atomic Minerals CEO and President commented, “With the addition of 10 Mile, we now
have three strategic uranium projects in our U.S. portfolio. Ten Mile exemplifies our acquisition strategy
of our technical group utilizing previously unknown data to identify strategically located uranium targets
close to processing facilities in favorable jurisdictions. As with our recent Harts Point acquisition, our
research uncovered gamma ray anomalies within known uraniferous formations in geological settings
conducive to hosting significant uranium deposits. I’m becoming increasingly bullish as Atomic
continues to acquire superior uranium assets cost effectively.”
Atomic Minerals 10 Mile claims cover the eastern and western flanks and southern nose of the Ten Mile
Anticline, in a geological setting Atomic’s management team believes is identical to the Lisbon Valley
Anticline. Lisbon Valley encompasses the Big Indian mining district, which produce d 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 from relatively shallow depths to in
excess of 2,550 feet. This production represents more than 80 percent of the uranium ore mined in Utah
during this time period. Ore grades averaged 0.34 percent U3O8, 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.
Supporting the uranium potential of the 10 Mile property is the 7 Mile district, located 8 miles to the
southeast. Seven Mile is located on the northwestern flank of northern nose of the Moab anticline and
produced over 1,700,000 pounds of U 3O8 and 890,000 pounds of vanadium from thicknesses ranging
from 1 foot and 8 feet at an average grade of 0.26% U 3O8 from the basal Moss Back Member of the
Chinle Formation. Source: Seven Mile Canyon Mining District, Grand County, Utah, USA.
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Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
https://www.mindat.org/loc-203792.html. This description referenced Droullard, R.F., and Jones, E.E. (1955)
Geology of the Seven Mile Canyon uranium deposits. U.S. Atomic Energy Commission Rare Metals Evaluation
RME-4066, 14 pages.
Atomic cautions investors the presence of uranium mineralization at Lisbon Valley and 7 Mile is not
necessarily indicative of similar mineralization at 10 Mile.
Further supporting the uranium potential of 10 Mile are a series of historic oil and gas drill holes
throughout the area. This drilling indicates the depth to the Moss Back is 1,400 feet on the southwestern
flank and 2,390 to 2,500 on the northeast flank. Gamma Ray logs from several of these holes show
spikes, indicative of uranium mineralization , within the basal section of the Chinle For mation. The
basal Chinle beds are the primary location for uranium mineralization in the Formation throughout the
area.
The 10 Mile claim blocks was staked based on the geological similarity to the prolific Big Indian
District, the presence of significant uranium in the 7 Mile District of the Moab Anticline and the historic
oil and gas gamma ray log anomalies at the 10 Mile Anticline.
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Atomic Minerals Corporation | 830 -1100 Melville Street | Vancouver, BC | V6E 4A6 | Telephone: (604) 644-6794
www.atomicminerals.ca
Atomic Minerals 10 Mile claims lies approximately 95 miles by road north of Energy Fuel Inc's White
Mesa Mill, the only fully licensed and operating conventional uranium mill in the United States.
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 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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