Uranium mineralization confirmed at Atco's Atlantic project

Atco Mining Inc. (CSE: ATCM)(OTC: ATMGF) — currently trading undiscovered around C$0.03 per share — has confirmed uranium mineralization in multiple drill holes
at the Atlantic uranium project located in the prolific eastern Athabasca Basin in northern Saskatchewan, Canada.

The Atlantic project covers 6.5 km of an 18-km-long east-west trending conductive exploration trend, which lays host to numerous uranium occurrences. Atco has an option to earn a 75% interest in the project over three years from Standard Uranium. 

The recently completed Phase-1 program comprised 3,316 meters of diamond drilling across 5 drill holes with a focus on targeting high-grade unconformity-related uranium mineralization based on historical drill holes, geophysical anomalies, and EM conductors.


uranium prices


Highlights from the program include the intersection of key characteristics of a uranium-bearing mineralized system in previously untested Target Area A — a 1,400 by 850 meter density-low anomaly coinciding with stacked EM conductors and an interpreted regional fault. 

map

Atco Mining CEO Etienne Moshevich and director Neil McCallum — both of whom you’ll be hearing from in our exclusive interview coming right up — commented on the positive drilling results via press release:

“I am extremely excited with the drill results of this first phase. I think we’re going to have a new re-rating on uranium as a whole and projects like the Atlantic Project should catch the attention of some much larger players. With these results in hand, our team is working to plan our next phase of exploration imminently.” —Etienne Moshevich, CEO

“The intensity and scale of the dravite alteration in combination with the confirmed elevated uranium has me very encouraged with this modestly sized initial drilling on Atlantic.” —Neil McCallum, director 

Based on positive results received to-date from the first-pass program, supplementary geophysical surveys and follow-up targets are currently being planned and delineated as geological data from the program continues to be processed and interpreted.

In addition to the uranium focus at Atlantic, Atco Mining holds a large portfolio of early-stage salt dome exploration assets (for potential green hydrogen storage) in southwestern Newfoundland, Canada, where the government of Newfoundland has announced plans to allocate upward of C$66B toward the utilization of the province’s vast wind energy resources to power the production of green hydrogen and other gases.

salt properties map

The portfolio (see above) comprises seven 100%-owned salt projects — spanning a combined 200-plus sq km — in Newfoundland’s St. Georges Bay Basin.

According to industry experts, energy stored as hydrogen in salt domes will be the most cost-effective long-duration solution for many countries configuring net-zero grids around intermittent renewables.


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That makes green hydrogen storage in Newfoundland’s salt caverns a source of potential competitive advantage, as well as an enormous commercial opportunity as infrastructure and innovations continue to be developed. 

Atco Mining, which boasts a sub-C$2.5M market cap, is well-positioned in the clean energy space with multiple early-stage projects spanning the uranium exploration sector through drilling and the green hydrogen storage sector through salt dome exploration. 

As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Atco Mining CEO Etienne Moshevich and director Neil McCallum for an in-depth discussion on both of the company’s early-stage clean energy projects. Please enjoy!

For additional information on Vancouver-based Atco Mining, please be encouraged to contact the company’s IR department at 604-681-0084 or via email at info@atcomining.com. 

Sign up to receive updates directly from the company at the Atco Mining corporate website.  

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest

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