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Global Atomic Corp.
Summary
| Project: | Dasa | |
|---|---|---|
| Deposit: | Dasa | |
| Location: | Niger | |
| Commodities: | Uranium | |
| Date: | 8/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-8-2019: Global Atomic Corp. announces a Resource Estimation report for its Dasa deposit at the Dasa project. Updated mineral resource estimate at project. In May 2019, CSA Global Pty Ltd (CSA Global) was commissioned by Global Atomic Fuels Corporation | |
| Resources: | (Resource): 26.30Mt @ 1752ppm eU3O8 (Ind) and 22.31Mt @ 1781ppm eU3O8 (Inf) | |
| CP/QP: | [Resources]: Dmitry Pertel (CSA Global Pty Ltd.) | |
| ABSTRACT: | In May 2019, CSA Global Pty Ltd (CSA Global) was commissioned by Global Atomic Fuels Corporation (GAFC), a wholly owned subsidiary of Global Atomic Corporation (GAC) to update a Mineral Resource estimate (MRE) and to prepare a Technical Report for the DASA Uranium Project (DASA or “the Project”), located in the central part of the Republic of Niger, West Africa. The Report is reported in accordance with National Instrument 43- 101 (NI 43-101 – 30 June 2011), companion policy NI 43-101CP, and Form 43-101F1 (Standards of Disclosure for Mineral Projects). The Mineral Resource update has been prepared in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (10 May 2014). Only Mineral Resources are estimated – no Mineral Reserves are defined. The DASA Project lies within the Adrar Emoles 3 Exploration Permit, which with the contiguous Adrar Emoles 4 Exploration Permit, are 100% owned by GAFC and form part of a larger package of properties in Niger in which GAFC has an interest. The MRE update and NI 43-101 Technical Report were commissioned by GAFC to support the continued development of the Project and to update the resources to account for new chemical analyses from 36 drillholes completed in 2017–2018. The previous estimate was based on eU3O8 values for the 36 holes. These new data have provided additional data that has also enabled improvements to the structural and lithology model of the Project. This 2019 Mineral Resource is an update to the 2018 Mineral Resource (CSA Global, 2018a) that was the basis for a Preliminary Economic Assessment (PEA) reported in the previous NI 43-101 Technical Report filed on SEDAR on 4 December 2018 (CSA Global, 2018b). | |
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