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Atomic Minerals Corporation ( (TSE:ATOM) ) has shared an announcement.
Atomic Minerals plans to conduct a radon cup survey at its 1,516.5-acre South Lisbon Valley East property in Utah’s Colorado Plateau to refine drill targets ahead of a planned drilling program later this year. The survey will be run along equally spaced lines over a suspected arcuate belt of uranium mineralization in the Moss Back member of the Chinle Formation, with management positioning the work as a key step to de-risk exploration and potentially extend the historically productive Lisbon Valley uranium belt onto the northeast side of the Lisbon Valley Fault.
Historical data from oil and gas wells on and around the property show anomalous to off-scale radioactivity in the favorable Chinle host rocks, supporting the geological concept of a down-faulted uranium belt analogous to the 78 million-pound Lisbon Valley production trend. Successful confirmation of this target through the radon survey and follow-up drilling could strengthen Atomic Minerals’ asset base in a premier U.S. uranium district and enhance its standing among stakeholders seeking exposure to domestic uranium supply potential.
More about Atomic Minerals Corporation
Atomic Minerals Corporation is a uranium exploration company focused on projects within the Colorado Plateau, one of the United States’ most significant uranium provinces. The company targets sandstone-hosted uranium deposits in formations such as the Triassic Chinle, aiming to capitalize on historic production belts like Lisbon Valley in Utah.
Average Trading Volume: 357,418
Technical Sentiment Signal: Hold
Current Market Cap: C$7.87M
Find detailed analytics on ATOM stock on TipRanks’ Stock Analysis page.