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Global Atomic Corp.
Summary
| Project: | Dasa | |
|---|---|---|
| Deposit: | Dasa | |
| Location: | Niger | |
| Commodities: | Uranium | |
| Date: | 1/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2019: Global Atomic Corp. announces an Exploration/Drilling Update report for its Dasa deposit at the Dasa project. Drilling results incl. 98.0m @ 1.71% U3O8 from 163.2m. TORONTO, Jan. 23, 2019 -- Global Atomic Corporation (“Global Atomic” or the “Co | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: George Flach (Internal) | |
| ABSTRACT: | TORONTO, Jan. 23, 2019 -- Global Atomic Corporation (“Global Atomic” or the “Company”), (TSX-V: GLO, FRANKFURT: G12) is pleased to report assay results from four holes drilled in 2018 at its DASA project, Republic of Niger. All four holes have returned substantially higher assay grades than previously reported probe results. Stephen G. Roman, President and CEO, commented, “These assay results indicate the probe underestimated previously released DASA drill results. Based on existing probe data, we knew that DASA was a significant uranium deposit, however, the grades and widths reported here will enhance the resource figures already announced and we will calculate an updated Mineral Resource Estimate as soon as all assays are received from the 2018 drill program.” Uranium resource estimates are typically calculated using data from downhole probes that use a scintillometer to measure radioactivity. Probes are carefully calibrated against known, standard holes. For the drilling in 2018 Global Atomic used probes calibrated both against standard holes in Bessines, France and in Arlit, Niger. The DASA resource update published in July 2018 used the historic database of results, plus probe data from 36 of the 58 holes drilled. | |
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