Atomic Minerals Plans Exploration with New Initiatives in Northern Saskatchewan’s Uranium Epicenter
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For Immediate Release
PRESS RELEASE
April 23, 2024
Symbol: TSX-V: ATOM
Atomic Minerals Plans Exploration with New Initiatives in
Northern Saskatchewan’s Uranium Epicenter
Vancouver, British Columbia, April 23, 2024 – Atomic Minerals Corporation ("ATOMIC
MINERALS" or the "Company") (TSX Venture: ATOM) is pleased to announce that in anticipation
of the upcoming exploration season the Company has engaged Grander Exploration Ltd. (“Grander”)
to drive preliminary exploration programs and provide recommendations and budgets for the lead
projects in its newly acquired Northern Saskatchewan property portfolio (the “Property”). (see
February 5, 2024, March 6, 2024, and April 16, 2024 news releases).
Initially the focus will be on the projects within the Athabasca Basin: Parks Lake and Pistol Lake, one
project to the south, Archie Lake and one project to the southeast, Bleasdell Lake.
"Atomic Minerals is thrilled to announce the engagement of Grander Exploration to spearhead the
planning and future execution of exploration programs, it’s an exciting time for Atomic Minerals with
these new prospects in Northern Saskatchewan's Athabasca Basin," said Clive Massey, President, and
CEO of Atomic Minerals. "Grander's innovative geological tools, including IP, magnetometer, and
radiometric surveys, will expand the capabilities of our geological team, enabling a thorough
investigation of these prolific uranium properties and building on the region's rich uranium mining
heritage to optimally position our projects for success," he continued.
The Property portfolio in Northern Saskatchewan is comprised of nine individual properties spanning
nearly 6,500 hectares. This strategically located portfolio lies within and adjacent to the prolific
Athabasca Basin, a crucial area for uranium exploration.
Atomic Minerals is committed to responsibly advancing these projects with a focused exploration
strategy targeting the full exploration potential of these assets. The Company's dedication to sustainable
practices, community engagement, and ethical exploration will drive the development of these projects,
reinforcing Atomic Minerals' position as a leader in the uranium exploration sector.
Parks Lake
Parks Lake lies in a highly prospective area on the eastern side of the Athabasca Basin, 3 km to SE of
historic Rabbit Lake Mine and 2 km to 4km E to NE of Uranium Energy Corp.'s Horseshoe and Raven
deposits. Majors completely surround Parks Lake, with Uranium Energy bordering the west and south
and Cameco bordering the east and north. Conductors appear to trend from Uranium Energy's land onto
the Parks Lake property, suggesting a high priority target.
With good road access, Grander Exploration proposes a 6-line km combined induced polarization (“IP”)
and magnetometer program along with 12-line km of radiometry. The focus of this program is
confirming conductors continue onto the Parks Lake property and delineate them for subsequent drilling.
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Pistol Lake
Pistol Lake lies 600 metres north of Cameco’s 5,000,000 LBS Sand Lake Uranium Deposits, completely
surrounded by Cameco. Recent drilling has been undertaken on most of the nearby claims according to
the property vendor, suggesting conductors that appear to trend onto the Pistol Lake property are high
priority targets.
Grander Exploration proposes a helicopter supported program consisting of 20-line km of IP-
magnetometer-radiometry surveying focused on the suspected strike extensions of conductors on the
Cameco ground in advance of diamond drilling.
Bleasdell Lake
Bleasdell Lake, lying to the southeast of the Athabasca Basin, 95 kilometres southwest of Lynn Lake,
Manitoba, is one of the key properties in the package. Exploration in the late 1950's discovered two
uranium bearing pegmatite dykes on the west shore of Bleasdell Lake. The 400 metre Horn Zone hosted
zones of 90 metres of 0.12% U3O8 over 2.56 metres and 0.062% U3O8 over 1.21 metres, while drill
width intersections over the entire 400 metre ranged from 0.091% U3O8 over 1.86 metres to 0.2025%
U3O8 over 2.99 metres. There is little information on the Jackpine Zone located 450 metres along strike
to the northwest. The sampling, trenching and diamond drilling defined a 1957 historic resource of
620,700 pounds of U3O8 contained within two zones.
Grander Exploration proposes a helicopter supported program consisting of 18-line km of IP surveying
and 50-line km of magnetometer surveying focused on the strike extensions of the Horn and Jackpine
zones in advance of diamond drilling.
The 1957 Bleasdell Lake historic resource was disclosed in a shareholder report for Columbia Metals
Exploration Co. Ltd. dated November 9, 1957 (the "Shareholder Report"). There is no technical report.
The historic resource is relevant to the potential of the Bleasdell Lake property and is reliable as it was
calculated to the standards of the day. The estimate was based on closely spaced shallow drill holes and
more widely spaced deeper drill holes. The calculations, methods or parameters were not disclosed in
the Shareholder Report. The resource would be comparable to a current inferred resource. There are
no more recent estimates though subsequent geologists visited the Property in the 1960's and 1970's,
confirming the showings and the drilling was completed. The Company will need to twin a considerable
number of the historic drill holes to upgrade or verify the historical estimate as current mineral
resources.
A qualified person has not done sufficient work to classify the historical estimate as a current mineral
resource. Therefore, Atomic Minerals is not treating the historical estimate as a current mineral resource.
Archie Lake
Archie Lake lies contiguous to the north, east and west to NexGen Energy, on the southwest edge of the
Athabasca Basin. NexGen holds a significant land package across three large blocks in this area, focused
on repeats of its Arrow high-grade basement hosted uranium deposit. Grander Exploration proposes a
helicopter supported program consisting of 6-line km of IP and magnetometer and 12-line km of
radiometry surveying as a first pass program to identify prospective geology and conductors for follow
up exploration in advance of diamond drilling.
About Grander Exploration Ltd.
Grander Exploration Ltd. is a specialized company based in Vancouver, British Columbia, that provides
comprehensive ground exploration services across Canada. Their services are tailored to both large and
small projects, ensuring that every undertaking is managed with the highest level of expertise by
qualified personnel, including Professional Geologists if required. The company is particularly adept in
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uranium exploration, utilizing advanced technologies such as gamma radiation detection with Radiation
Solutions RS-125 spectrometers and RS-120 scintillometers, alongside radon gas collection methods.
These techniques enable Grander Exploration to identify and map uranium deposits effectively. They
also offer a range of other services, including diamond drilling, geophysical surveys like IP and VLF
EM to locate subsurface features, and detailed program planning and administration for exploration
projects. For more detailed information about their services and capabilities, you can visit their official
website: Grander Exploration.
The data disclosed in this news release are related to historical exploration and drilling results. Atomic
Minerals has not undertaken any independent investigation of the sampling, nor has it independently
analyzed the results of the historical exploration work in order to verify the results. The Company
considers these historical exploration and drill results relevant as the Company is using these data as a
guide to plan exploration programs. The Company's current and future exploration work includes
verification of the historical data through sampling and drilling.
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 in 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.
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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", "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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