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.
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