Acquisition Of The South Lisbon Valley East Property

VANCOUVER – Atomic Minerals Corporation has acquired by Quit Claim Deed the road accessible DBI# 218 through DBI# 292 Bureau of Land Management (BLM) lode claims in San Juan County, Utah, collectively known as the South Lisbon Valley East property (SLVE). The 1,516.5 acre (614 hectare) property lies approximately 35 kilometres NE of Monticello. SLVE lies in the Colorado Plateau and covers the southern portion of a suspected belt of penecordant uranium mineralization hosted in the Moss Back member of the Triassic Chinle formation associated with the northeastern side of the downfaulted Lisbon Valley anticline.
Evaluation of oil and gas drill holes in the Lisbon Valley area located gamma ray anomalies within the base of the Chinle Formation in a number of the drill holes, potentially outlining a similar belt of uranium mineralization as found on the southwest side of the Lisbon Valley anticline. The SLVE claim block was staked to cover a section of this belt.\
“We are extremely pleased to identify and acquire the SLVE property through the diligent efforts of our technical team,” said CEO, Clive Massey. “Lisbon Valley has been a hot bed of uranium exploration since its discovery in the early 1950’s and the presence of an arcuate belt of uranium mineralization similar to the SW belt has long been speculated. It is very gratifying to see strong evidence that it may indeed exist.”