Atomic Signs Exploration Services Contract in Tanzania
March 26, 2008 - Vancouver, B.C.: Atomic Minerals Ltd. (ATL: TSX-V) is pleased to announce that it has signed an exploration services agreement with Geo Can Resources Company Ltd. of Tanzania. The mining licenses covered by this contract are PL4254, PL4433 and PL4335, all located near Lake Nyasa in the Mbinga district of Tanzania. These properties cover an area of approximately 1,760 sq. km., and are included in the Company's Technical Report prepared according to National Instrument 43-101 (see our news release dated January 30, 2008). The work to be done under the agreement carries a total budget of USD$467,000 and includes: geological mapping and sampling, airborne and radiometric surveying, trenching, pitting, assaying and shallow RC drilling. Phase One of the program has already begun and has a USD$25,000 budget for two months of geological mapping and sampling including 200 soil samples and assays.
Currently, the exploration teams are completing uranium anomaly identification work on PL4335 by ground survey using GAMMA surveyor and Scintrex GIS-4 Gamma Ray Spectrometers. At this time, over 40 sq. km. have been covered with a total of 1,035 readings taken.
Atomic expects to announce shortly the initiation of a helicopter airborne magnetic and radiometric survey. "The Company is looking to advance its projects quickly." said Warren McIntyre, Atomic's President, "Ground crews have already identified anomalies that require further investigation and once the Company has the results of the airborne magnetic and radiometric information, we will be able to quickly and effectively identify drill targets for these properties."
About Atomic Minerals
Tanzania
Atomic holds the right to earn up to a 100% interest in a land package totalling approximately 3800 square kilometres located in the United Republic of T
anzania (the "Properties") by way of an option agreement with Geo Can Resources Company Ltd. The largest of the Properties are located in south-western Tanzania and are considered to be part of the "Malawi Extension" based on the location of these Properties 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).
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.
"Warren McIntyre"
Warren McIntyre
President and Chief Executive Officer
Atomic Minerals Ltd.
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