tsx-v: atl
DESCRIPTION
TSX-V: ATL. October 2007. CORPORATE PROFILE. Fully listed TSX-V May 28,2007 Strong Financial and market support Seeking strategic partnerships (J.V.) Globally positioned in the Uranium market with large land positions in U.S. and Africa with over 2.5 million acres combined - PowerPoint PPT PresentationTRANSCRIPT
TSX-V: ATLOctober 2007
CORPORATE PROFILECORPORATE PROFILEFully listed TSX-V May 28,2007
Strong Financial and market support
Seeking strategic partnerships (J.V.)
Globally positioned in the Uranium market with large land positions in U.S. and Africa with over 2.5 million acres combined
Strategically located in “known” uranium belts and mineralization
Close proximity to large uranium mills
Denison (White Mesa) & Paladin’s(Kayelekera)
DirectorsDirectors and Officersand OfficersWarren McIntyre President and CEO
Jeff Sheremeta CFO
Robert McMorran Director
Ron Atlas Director
Volkert Bobeldijk Director
Richard Dorman* V.P. Exploration – U.S.
Roger Newall * V.P. Exploration - Africa
* Non directors
Share InformationShare InformationShares Issued and Outstanding: 33,842,671
Warrants Outstanding: 7,416,200
(0.75 Cent with force @ $1.25)
Options Outstanding: 2,510,000
Shares Fully Diluted: 44,300,371
Cash On Hand: $4,500,000
GRAND COUNTY CLAIMS
DOLORES ANTICLINE PROJECT
Denison’s White Mesa Mill
Simplified geology of the Project area (modified after Shawe et al., 1968), showing claims (shaded) and radon measurement localities
Figure E2. Bull Snake Mine portal, in Dolores River Canyon at contact of Moss Back Member of Chinle Formation with underlying Cutler Formation. View southwest, camera location (lower left) referenced to UTM NAD27 Zone 12 meters.
Figure 3. Conglomerate at the base of a channel fill deposit.
Figure 4. Dune cross-bedded sandstone at Section 5
Figure 5. Typical abandonment deposits (“carbon trash”) at top of Story 3, Section 3 (see Figure 8). The deposits are composed of abundant wood fragments, poorly-cemented sandstone, oxidized and altered material above a coarse-grained sandstone (base of picture).
Figure 1. Location map (Joe Davis Hill 7.5 minute USGS quadrangle) showing location of stratigraphic sections of the Moss Back Member of the Chinle Formation measured in this study. Yellow highlights location where thick sandstone of the Moss Back Member are exposed. Blue are locations where Moss Back sandstone is missing. Areas between these lines are zones where the sandstones are pinching out.
Figure E4. Relationship of the delta complex identified in the Moss Back mapping study and radon concentrations (kriged data, picocuries per liter in soil gas) above the southeastern claim block. Coordinates in UTM NAD27 Zone 12 meters.
Figure 3. Map of Dolores Anticline claims, showing apparent enrichment trend between
Lisbon Valley and the Dolores River Canyon, and suggested drilling transects.
Figure E5. Recommended drilling transects on the Dolores Anticline Claims (red symbols). Base maps, from northwest to southeast, include portions of the Horse Range Mesa, Joe Davis Hill, and The Glade 1:24,000 topographic coverages. Only the original 932 claims are shown.
Dolores Anticline Dolores Anticline Exploration & DevelopmentExploration & Development
Exploration budget of $2.2m for last qtr 2007
Drilling to commence mid-October for Phase I
1st phase, 13 boreholes of up to 2500 ft. /total of 30,000 ft.
2nd phase geophysical work and preparation for 2008 drill program to include our additional claims, Glade & Upper Willow, S.E. extension of the Anticline.
File Notice of Intent to drill an additional 12 boreholes on the AD and DA claims in 2nd qtr 2008
Establish drill targets at Glade & Willow, S.E. extension of the Anticline for late spring of 2008
TANZANIA PROJECTTANZANIA PROJECT10 Properties located in southwestern Tanzania and are considered to be part of the Malawi extension and Karoo Basin.
Letter of intent signed with Geo Can Resources Company Ltd. to acquire up to 90% interest in over 1,000,000 acres of uranium property in Tanzania.
Historical radiometric surveys completed by Geo Can Resources indicate the potential for uranium enrichment.
Located in the same region as properties held by Paladin Resources (Malawi), Denison Mines(Zambia), Western Metals and Universal Exploration both in Tanzania.
Marquee project located 60 kms from Paladin’s $150m Kayelaera Project
Kayelekera Project (Paladin)
25,000,000 lbs U3O8
25,000,000 pounds U3O8
PL 4297
PL 4297
PL 4335
PL 4433
PL 4514
PL 4514
What’s aheadU.S. – Dolores Anticline
Early October - Begin drill program of 30,000 + feet on the upper Dolores Finalize contract on additional 1585 claims to the S.E. Initial geophysical work on S. extensionand begin filing process for spring 2008 and drill program
TanzaniaComplete 43-101 report on all 10 properties (Nov. 1)Initial exploration program based on report recommendations Seek strategic alliances and partnerships in the districtImplement a drill program as soon as possible (prior to year end 2007)Acquire additional land in the Ruuhuu Basin along the shore of Lake Nyasaadjacent to Paladin’s Kayelekera Project Deposit ….only 60 km away
OverallStrategic alliancesAggressive exploration and drilling
CREATENEWS NEWS NEWS NEWS NEWS NEWS NEWS NEWS NEWS NEWS!
Quote of the Day“Uranium spot price globally has bottomed. The AEB sold by auction over 380,000 pounds of uranium in August 2007. The purchasers were announced yesterday: 3 US Powercorps and Uranium One.
Look for Uranium prices to move upwards of $90 before year end. Stocks to watch: Denison & Uranium One.”
Bart Jaworski – AnalystRaymond JamesOctober 2,2007 BNN
600-595 Howe StreetVancouver, BC Canada V6C 2T5Tel: 604-639-2866 (ATOM)Fax: 604-662-3904Contact: Chris BrownEmail: [email protected]: www.atomicminerals.com
Email: [email protected]
Web: www.atomicminerals.com 600-595 Howe Street, Vancouver, BC Canada Tel: 604-639-2866 (ATOM) Fax: 604-662-3904