Atomic Minerals Ltd.

Published : November 14th, 2007

Receives Confirmation to Begin Immediate 30,000 Foot Drilling Program on 3 Phases of Dolores

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Malawi | Oil | Tanzania | Uranium | Utah |

Atomic Receives Confirmation to Begin Immediate 30,000 Foot Drilling Program
on 3 Phases of Dolores Anticline, Colorado

Vancouver, B.C. - November 14, 2007 - Atomic Minerals Ltd. (TSX-V: ATL) ("Atomic" or the "Company") is pleased to announce that it has received confirmation from the Bureau of Lands and Mines ("BLM") to initiate drilling up to 30,000 feet on the Dolores Anticline.  The Company filed the Notice of Intent ("NOI") on September 17, 2007 to conduct exploration activities for the Summit Point and Box Canyon Exploration Projects in San Miguel County, Colorado.  These activities are to include but not limited to: preparing and clearing roads, building of 13-100'by100' drill pads, the drilling of up to 13 - 2500 foot drill holes, reclamation and fill in of drill holes.

Additionally, the Company has awarded the drill contract to Bob Beeman's Drilling Co. of Utah. Beeman's has over 30 years of experience drilling.  The mobilization of the drill crew and equipment will begin immediately.  They will be using a 6" rotary drill ri g, to do the permitted 13 boreholes of up to 2500 feet each.  The drill program will run 24 hours a day until each hole is completed. Atomic has posted required "reclamation" bonds with the BLM.

Warren McIntyre, President of Atomic said "The confirmation from the BLM has been much anticipated, and we are anxious to get this initial program done. Currently, we are on schedule to complete the full program before winter weather hits the area.  The program will be supervised by our VP Exploration, Richard Dorman and our geologist John Cowan every step of the way. We are looking forward to getting drilling results soon after."

The Dolores Anticline is located only 30 miles from Lisbon Valley and is also within the Uravan Mineral Belt.  Economically important amounts of uranium have been produced from the Salt Wash Member of the Morrison Formation of Late Jurassic Age, and the Moss Back Member of the Late Triassic Chinle Formation in and near the Urava n Mineral Belt in San Miguel, Montrose and Dolores Counties, Colorado (United States Geological Survey 1968, Daniel R. Shawe, Denver, Colorado).  Additionally, the Dolores Anticline was drilled by both Hunt Oil and Newmont in the 1970s.  Drill logs from this wide spaced drilling indicate that the favorable Moss Back Member of the Chinle Formation is present in the area.  The Dolores Anticline is one of the last salt anticlines in the Paradox Basin which has not been extensively drilled to explore for mineralization in the Moss Back Member of the Chinle Formation. Field investigations have confirmed the presence of favourable environments within the Moss Back Member of the Chinle Formation along the Dolores River Canyon which transects the Dolores Anticline.

Atomic Minerals Ltd. also has letter of intent (the "LOI") with Geo Can Resources Company Ltd. ("Geo Can") to enter into an option agreement to earn the right to acquire up to a 100% interest in a la nd package totalling approximately 3600 square kilometres located in the United Republic of Tanzania (the "Property").  The Property is located in south-western Tanzania and is considered to be part of the Malawi Extension based on the location of the Property relative to blocks earmarked as potentially favourable for uranium enrichment.  Historical Airborne Radiometric surveys over Tanzania (done by GeoSurvey International) have provided useful data regarding the area.  Other mining companies exploring in the area include Paladin Resources (Malawi), Mantra and Western Metals (both in Tanzania).

For further information on Atomic, please contact Warren McIntyre, the Company's Chief Executive Officer at (604) 639-2866.

Renmark Financial Communications Inc.
Christine Stewart : cstewart@renmarkfinancial.com
Victoria Stepanova : vstepanova@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com

THE TSX VENTURE EXCHANGE INC. HAS IN NO WAY PASSED UPON THE MERITS OF THE PROPOSED TRANSACTION AND HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE.

Data and Statistics for these countries : Malawi | Tanzania | All
Gold and Silver Prices for these countries : Malawi | Tanzania | All

Atomic Minerals Ltd.

EXPLORATION STAGE
CODE : MJ7.F
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Atomic is a uranium exploration company based in Canada.

Atomic holds various exploration projects in Tanzania.

Its main exploration properties are NINO PERDIDO, LACHIGUIRI and TAVICHE in Mexico and MBINGA in Tanzania.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Atomic Minerals Ltd.
Annual Report 2007
Option Grants of Atomic Minerals Ltd.
4/29/2008Grants Stock Options
3/17/2008Grants Stock Options
Nominations of Atomic Minerals Ltd.
4/23/2008Appoints Peter Chadwick as Vice-President Exploration, Afric...
Project news of Atomic Minerals Ltd.
2/17/2011Arco Resources Exhibiting at the Phoenix Resource Investment...
11/4/2008(Mbinga)Tanzania Projects - Exploration Update
1/30/2008(Mbinga)Announces Approval of 43-101 Report for 1761 Sq. Km. Mbinga ...
Corporate news of Atomic Minerals Ltd.
9/25/2008Tanzania Projects - Exploration Update
9/16/2008SRK Consulting Completes Preliminary Reconnaissance of Porti...
8/27/2008and Everett Resources Announce Signing of Letter of Intent f...
7/9/2008Tanzania Projects - Recent Exploration Developments
4/23/2008Cancels Plans for Additional Acquisitions in Colorado
3/26/2008Signs Exploration Services Contract in Tanzania
2/28/2008 Signs Final Letter of Intent to Acquire Tanzanian Property ...
2/21/2008TSX Venture Exchange Approves Tanzanian Property Acquisition
1/28/2008Atomic Signs Final Letter of Intent to Acquire Over 940,000 ...
12/20/2007John Sutherland To Join Board Of Directors Of Atomic - Amend...
12/6/2007Provides Progress Update on Drilling Program on Dolores Anti...
11/15/2007Drilling Commences on 1st Transect of Dolores Anticline, Col...
11/14/2007 Receives Confirmation to Begin Immediate 30,000 Foot Drilli...
10/3/2007Signs Letter of Intent to Acquire Tanzanian Property Package
9/25/2007Submits Notice of Intent to Initiate Exploration and Drillin...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
FRANKFURT (MJ7.F)TSX-V (ATL.V)
0.01300.6200
FRANKFURT
€UR 0.013
02/28 10:37 -0.003
0%
Prev close Open
- 0.002
Low High
0.002 0.002
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.013 -
Volume 1 month var.
5,606 -
Produces
Develops
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.54-2.01%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.46-6.22%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.54+2.68%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.65+0.38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.72-4.61%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26+4.08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.23+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.74-8.42%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.18-3.58%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :