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Global Atomic Corp.
Summary
| Project: | Dasa | |
|---|---|---|
| Deposit: | Dasa | |
| Location: | Niger | |
| Commodities: | Uranium | |
| Date: | 2/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-2-2018: Global Atomic Corp. announces an Exploration/Drilling Update report for its Dasa deposit at the Dasa project. Drilling results incl. 95.2m @ 4,442ppm U3O8 from 163.2m. Toronto, ON, February 22, 2018: Global Atomic Corporation (“Global Atomic” o | |
| Resources: | (Resource): 3.7Mt @ 2,608ppm U3O8 (Ind.) and 7.7Mt @ 2,954ppm U3O8 (Inf.) at project | |
| CP/QP: | [Overall Report]: George A. Flach (Internal) | |
| ABSTRACT: | Toronto, ON, February 22, 2018: Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX-V: GLO) is pleased to report initial gamma probe results from its current drill program at the DASA deposit (“DASA”) in the Republic of Niger, West Africa. Drilling recommenced at DASA at the end of January, 2018, following the successful merger with zinc producer, Silvermet Inc. The Company, now known as Global Atomic Corporation trades on the Toronto Venture Exchange under the symbol “GLO” (TSX-V: GLO). Global Atomic has begun a 30,000 meter drill program focused on defining an area suitable for open pit mining called the Flank Zone. This area of the DASA deposit is within the Tchirozerine 2 (T2) formation which outcrops and then dips into the graben where it becomes high grade when capped with a mudstone hanging wall unit called the Irhazer (IRH). The first two holes have been completed and probed with a Gamma Probe. The probe measured significant mineralized intervals with wide “offscale” (plus 1%) sections in each hole. A “Gieger-Muller” (GM) probe was utilized over the offscale sections and a calculation estimate of grade is being reported in this press release prior to final grade determination through chemical assay. Global Atomic will complete significant drilling in this area over the next six months in order to develop a mine plan and complete a technical report to support a mining operation intending to ship mineralized rock to ORANO (formerly knows as AREVA Mines), 80 kilometers north of the DASA Project under the Company’s Ore Sales Agreement. | |
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