VANCOUVER, July 9 /CNW Telbec/ - Atomic Minerals Ltd. (ATL: TSX-V) is
pleased to present the following exploration update on its projects in
As reported in our press release dated March 26, 2008, Atomic entered
into an exploration services agreement with Geo Can Resources Company Ltd.
("Geo Can") to undertake initial groundwork and geological evaluation on three
of Atomic's properties (PLR 4335, PL 4254 and PLR 4433) all located in the
Mbinga/Songea project area. This has been completed, in addition to a
high-resolution helicopter-borne radiometric and magnetic survey performed by
New Resolution Geophysics ("NRG") of South Africa. The final interpretation
and report on this airborne survey is expected to be completed by NRG by the
middle of July.
Mr. Peter Chadwick, who was appointed Atomic's Vice-President -
Exploration for Africa (see our press release dated April 22, 2008), spent the
entire month of May in Tanzania and completed a number of key tasks:
- Established support infrastructure and staff for Atomic Minerals
Exploration Ltd. ("Atomic Tanzania"), Atomic's Tanzanian subsidiary.
- Reviewed all existing project data with Geo Can.
- Undertook a field inspection of eight of Atomic's ten Tanzanian
- Met with key officials with the Tanzanian Ministry of Energy and
Minerals, in addition to the Tanzania Atomic Energy Commission.
Mr. Chadwick returned to Tanzania at the end of June to initiate follow-up
groundwork in the Mbinga/Songea project area. The following reflects the
current status of exploration activity to date with the focus of prioritizing
targets for future drilling and further exploration.
Mbinga/Songea Project Area (PLs 4335, 4433 & 4254)
- PLR 4335/07: A reconnaissance ground-borne scintillometer survey was
undertaken by Geo Can in late 2007, and identified three radiometric
anomalies. These will form the focus of future exploration, supported
by the results of the airborne survey of NRG, which should be completed
- PLR 4433/07: Field reconnaissance undertaken by Geo Can identified a
single radiometric anomaly located close to the Njoka River. The
precise source of the anomaly is unclear at present. A recent field
inspection undertaken by Atomic did recognise a regional NNW-SSE
trending radiometric anomaly, cutting through the central portion of
the property. This highly significant trend will be subjected to future
field exploration as a priority, supported by the results of the NRG
- PL 4254/07: A brief field visit was made by Mr. Chadwick in May. No
active field work on this license has been performed to date.
The current focus for Atomic in the near future will be to continue to
map and further identify targets for drilling on PL4433 and PLR 4335. Upon
receipt of the final airborne survey from NRG and further ground trenching and
sampling results, drilling will commence on priority targets in the third
quarter of 2008. All other properties optioned by Atomic in Tanzania will be
evaluated and assessed throughout the remainder of 2008.
Mr. Peter Chadwick, M.Sc., P.Geo., Pr.Sci.Nat., is the Vice-President of
Exploration (Africa) for Atomic Minerals Ltd., and is the Qualified Person (as
defined by National Instrument 43-101) responsible for the accuracy of the
technical information contained in this news release.
Atomic holds an option to earn up to a 100% interest in a land package
totalling approximately 3800 square kilometres located in the United Republic
of Tanzania (the "Properties") from Geo Can. The largest of the Properties are
located in southwestern Tanzania and are 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 southwest 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).
On behalf of the Board of Directors of Atomic Minerals Ltd.
President and Chief Executive Officer
Atomic Minerals Ltd.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
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