Atomic Provides Progress Update on Drilling Program on Dolores Anticline, Colorado
December 6, 2007 - Vancouver, B.C.: Atomic Minerals Ltd. (ATL: TSX-V) is pleased to update its progress on its initial drill program on the Dolores Anticline in Colorado. The Company commenced drilling hole SP9 on November 14, 2007. This hole encountered the Chinle Formation at 2100 feet. Hole SP1, on the opposite flank of the Dolores Anticline, reached the Chinle Formation at 1560 feet. As reported in previous news releases, 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).
Atomic's drill contractors intend to continue working their way across the Dolores Anticline with between seven and eleven add
itional drill holes planned for the coming weeks, weather permitting. This portion of the drill program is scheduled to be completed by December 21, 2007, with assay results expected to follow early in 2008.
About Atomic Minerals
Colorado
Atomic Minerals Ltd. holds leases over a total of 932 mining claims located in both Dolores and San Miguel counties in southwestern Colorado, approximately 30 miles from Denison Mine Corp's White Mesa Mill. The Company also holds a letter of intent to option a 90% interest in a further 1585 mining claims in Dolores County. Atomic holds leases over an additional 272 mining claims located in the northern part of Colorado in Grand County.
Tanzania
Atomic also has letter of intent 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 land package totalling approximatel
y 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. The Malawi Extension, located in the Republic of Malawi on south-west border of Tanzania, hosts the Kayelekera deposit which Paladin Resources is currently developing into a mine. Other mining companies exploring in the area include Mantra Resources 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 DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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Atomic Minerals Ltd.
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EXPLORATEUR |
CODE : MJ7.F |
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Atomic Minerals est une société d’exploration minière d'uranium basée au Canada. Atomic Minerals détient divers projets d'exploration en Tanzanie. Ses principaux projets en exploration sont NINO PERDIDO, LACHIGUIRI et TAVICHE au Mexique et MBINGA en Tanzanie. |