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Atomic Minerals Ltd.

Publié le 15 novembre 2007

Drilling Commences on 1st Transect of Dolores Anticline, Colorado

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Mots clés associés :   Malawi | Uranium |

Drilling Commences on 1st Transect of Dolores Anticline, Colorado

Vancouver, B.C. - November 15, 2007 - Atomic Minerals Ltd. (TSX-V: ATL)

As reported in its news release of November 14, 2007, Atomic Minerals Ltd. ("Atomic" or the "Company") is pleased to announce that it has begun drilling on the first transect of the Dolores Anticline. This initial drilling is part of a planned 30,000 foot program for the Summit Point and Box Canyon Exploration Projects in San Miguel County, Colorado.  Currently, our first borehole, SP9, has reached a depth of over 900 feet.

Atomic's Vice-President of Exploration, Richard Dorman says "our initial drill hole at Summit Point will be looking for the mineralized zone of the Moss Back member of the Chinle Formation.  Upon completion of this hole, we will be working along the flank of the Anticline with the next eight holes.  Our rotary drill rig is running 24 hours a day, and this first hole of up to 2100 feet should be completed by Friday morning."

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 Uravan 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 presen ce of favourable environments within the Moss Back Member of the Chinle Formation along the Dolores River Canyon which transects the Dolores Anticline.

Tanzania
Atomic also has a letter of intent with Geo Can Resources Company Ltd. to enter into an option agreement to earn the right to acquire up to a 100% interest in a land 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.  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.

Données et statistiques pour les pays mentionnés : Malawi | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Malawi | Tous

Atomic Minerals Ltd.

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CODE : MJ7.F
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Atomic est une société d’exploration minière d'uranium basée au Canada.

Atomic détient divers projets d'exploration en Tanzanie.

Ses principaux projets en exploration sont NINO PERDIDO, LACHIGUIRI et TAVICHE au Mexique et MBINGA en Tanzanie.

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Rapports annuels de Atomic Minerals Ltd.
Annual Report 2007
Attributions d'options de Atomic Minerals Ltd.
29/04/2008Grants Stock Options
17/03/2008Grants Stock Options
Nominations de Atomic Minerals Ltd.
23/04/2008Appoints Peter Chadwick as Vice-President Exploration, Afric...
Projets de Atomic Minerals Ltd.
17/02/2011Arco Resources Exhibiting at the Phoenix Resource Investment...
04/11/2008(Mbinga)Tanzania Projects - Exploration Update
30/01/2008(Mbinga)Announces Approval of 43-101 Report for 1761 Sq. Km. Mbinga ...
Communiqués de Presse de Atomic Minerals Ltd.
25/09/2008Tanzania Projects - Exploration Update
16/09/2008SRK Consulting Completes Preliminary Reconnaissance of Porti...
27/08/2008and Everett Resources Announce Signing of Letter of Intent f...
09/07/2008Tanzania Projects - Recent Exploration Developments
23/04/2008Cancels Plans for Additional Acquisitions in Colorado
26/03/2008Signs Exploration Services Contract in Tanzania
28/02/2008 Signs Final Letter of Intent to Acquire Tanzanian Property ...
21/02/2008TSX Venture Exchange Approves Tanzanian Property Acquisition
28/01/2008Atomic Signs Final Letter of Intent to Acquire Over 940,000 ...
20/12/2007John Sutherland To Join Board Of Directors Of Atomic - Amend...
06/12/2007Provides Progress Update on Drilling Program on Dolores Anti...
15/11/2007Drilling Commences on 1st Transect of Dolores Anticline, Col...
14/11/2007 Receives Confirmation to Begin Immediate 30,000 Foot Drilli...
03/10/2007Signs Letter of Intent to Acquire Tanzanian Property Package
25/09/2007Submits Notice of Intent to Initiate Exploration and Drillin...
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