On September 30, 2024, Atomic Minerals Corporation (TSXV: ATOM) provided an update on the drill permitting progress for the Harts Point Uranium Project in San Juan County, Utah. This update is a collaboration with Kraken Energy Corp. (CSE: UUSA), the Company’s partner and the operator for the upcoming exploration program.
The permit application submitted in August 2024 has been reviewed by the Monticello Field Office of the Bureau of Land Management (BLM), with comments provided for further action by Kraken. The exploration program plans to conduct drilling across fifteen proposed sites targeting uranium mineralization at depths of approximately 1500 feet.
The next phase of drilling aims to build on the successful Phase I campaign at Harts Point, demonstrating the commitment of both Atomic Minerals and Kraken Energy to advance exploration projects in the region. The permits obtained will facilitate a comprehensive drilling and exploration program to unlock the potential of the uranium-rich Harts Point Property.
Clive Massey, President & CEO of Atomic Minerals Corporation, expressed enthusiasm for the progress made with the drilling permits and the upcoming exploration program. The Company previously signed an agreement with Kraken Energy Corp. in May 2023, granting Kraken the option to acquire up to a 75% interest in Harts Point based on the promising uranium target identified on the property.
The Harts Point Property highlights its location at the center of the Colorado Plateau, known for its significant uranium production since the 1950s. With 324 mining claims covering 6,480 acres on BLM land, the property holds immense potential for uranium exploration.
Qualified Person Mr. R. Tim Henneberry is responsible for the technical aspects of this news release. Atomic Minerals Corporation advises that while uranium mineralization at Lisbon Valley does not guarantee similar findings at Harts Point, the planned drilling program aims to verify historical data and assess the uranium potential on the site.
Located within the Colorado Plateau, Harts Point offers exploration opportunities akin to the world-renowned Athabasca Basin, with its rich uranium resources. Atomic Minerals Corporation is a publicly listed exploration company focused on identifying exploration opportunities in underexplored regions with high geological potential.
For more information about Atomic Minerals Corporation and its projects, please visit their website.
This news release contains forward-looking statements, and while the Company believes them to be based on reasonable assumptions, actual results may vary. The Company will not undertake to update these forward-looking statements unless required by law.
To view the source version of this press release, please visit the Atomic Minerals Corp. website.
