NVM Acquires The 10 Mile Property In Grand County, Utah

VANCOUVER - Atomic Minerals Corporation has acquired by staking, the NVM Claim Blocks, collectively the 10 Mile Property, consisting of 521 unpatented lode claims totaling more than 10,400 acres encompassing four separate blocks, in Grand County, Utah through its wholly owned American subsidiary, Recoupment Exploration Company LLC.

Clive Massey, CEO and President, said, "With the addition of 10 Mile, we now have three strategic uranium projects in our U.S. portfolio. Ten Mile exemplifies our acquisition strategy of our technical group utilizing previously unknown data to identify strategically located uranium targets close to processing facilities in favorable jurisdictions. As with our recent Harts Point acquisition, our research uncovered gamma ray anomalies within known uraniferous formations in geological settings conducive to hosting significant uranium deposits. I'm becoming increasingly bullish as Atomic continues to acquire superior uranium assets cost effectively."

Atomic Minerals 10 Mile claims cover the eastern and western flanks and southern nose of the Ten Mile Anticline, in a geological setting Atomic's management team believes is identical to the Lisbon Valley Anticline. Lisbon Valley encompasses the Big Indian mining district, which produced 77.9 million pounds of uranium oxide and 19 million pounds of vanadium from 16 large mines between 1952 and 1988 from the Triassic Chinle and Permian Cutler Formations from relatively shallow depths to in excess of 2,550 feet. This production represents more than 80 percent of the uranium ore mined in Utah during this time period. Ore grades averaged 0.34 percent U3O8, making it the highest grade of all the large uranium mining districts discovered in the United States. The 10 Mile claim blocks was staked based on the geological similarity to the prolific Big Indian District, the presence of significant uranium in the 7 Mile District of the Moab Anticline and the historic oil and gas gamma ray log anomalies at the 10 Mile Anticline.