Atomic Minerals Identifies Exploration Targets at Archie Lake Project, South of Athabasca Basin, Saskatchewan, Canada
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For Immediate Release
PRESS RELEASE
July 18, 2024
Symbol: TSX-V: ATOM
Atomic Minerals Identifies Exploration Targets at Archie Lake
Project, South of Athabasca Basin, Saskatchewan, Canada
Vancouver, British Columbia, July 18, 2024 – Atomic Minerals Corporation ("ATOMIC
MINERALS" or the "Company") (TSX Venture: ATOM) is pleased to announce the identification
of two distinct target zones at its 264-hectare Archie Lake Project in northern Saskatchewan. A detailed
examination of historic datasets in conjunction with the increasing exploration activity and recent
successes in the area immediately to the south of the Athabasca Basin drove the Atomic detailed review.
The Targets were highlighted from a review of a 2015 Falcon Airborne Gravity Gradiometry survey.
Target Zone I (TZ1), located in the northwest quadrant of the property is characterized by a gravity low,
while Target Zone 2 (TZ2), located in the southeast quadrant consists of several parallel subsurface
conductors within a magnetic low, a classic Athabasca Basin uranium target. TZ1 and TZ2 are both
associated with local faults or folds.
“Identifying these new exploration targets at our Archie Lake Project is a significant step forward for
Atomic Minerals. Saskatchewan, particularly the Athabasca Basin, is a world-renowned jurisdiction for
uranium, known for its high-grade deposits and stable regulatory environment. We are excited about
the potential these targets present and are committed to advancing our exploration strategy to unlock
their value,” said Clive Massey, President & CEO of Atomic Minerals.
The 2015 FALCON® Airborne Gravity Gradiometry (“AGG”) survey was completed by CGG Aviation
(Australia) Pty Ltd for NexGen Energy Ltd. The nominal flight line spacing was 200 m with a nominal
altitude of 80 m., with a total of 1,815-line km of data were evaluated and interpreted. AGG surveys
acquire regional magnetic and electromagnetic data, which are evaluated alongside high -resolution
gravity gradients to determine optimal target locations based on structural information and relative
intensity. The purpose of the AGG is for the understanding of basement geology and assists in identifying
potential alteration zones.1
Archie Lake
Situated in northern Saskatchewan and straddling the southwestern edge of the Athabasca Basin, the
Archie Lake Project lies contiguous to NexGen Energy's significant land package to the north, east, and
west. NexGen's holdings in this area focus on repeats of its Arrow high-grade basement-hosted uranium
deposit. The Athabasca Basin in Canada is renowned for hosting the vast majority of the world's high-
1 Sourced: Analysis and Interpretation of Falcon Airborne Gravity Gradiometer Survey by Condor Consulting, Inc. for
Nexgen Energy Ltd. - June 3, 2015 - Nicole Pendrigh, M.Sc. and Ken Witherly CPG-11536
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grade uranium deposits. The Company is currently designing a multiphase exploration strategy to
explore these target zones, with further details to be announced shortly.
Figure 1. Location of Target Zones over Historic Falcon AGG data1
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.
Atomic has not undertaken any independent investigation of the geophysical surveys, nor has it
independently analyzed the results of the historical exploration work in order to verify the results.
Atomic considers these historical geophysical surveys relevant as it is using these surveys as a guide
to plan exploration programs.
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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
For further information, please contact:
(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 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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