Mr. Stephen Roman reports
GLOBAL ATOMIC DRILLING CONTINUES TO HIT OFFSCALE, HIGH GRADE INTERCEPTS IN THE FLANK ZONE OF THE DASA PROJECT
Global Atomic Corp. has released continued excellent drill results, including offscale intercepts in the Flank zone area of the Dasa deposit. The values indicated in the table include sections that are at the maximum level of the gamma probe. Chemical assaying will be required to ascertain the true uranium grade, which will be higher than these reported in the associated table. In drill hole ASDH 543 the probe was saturated for 21 metres from 221.5 metres to 242.5 metres and for 13 metres in hole ASDH 552 from 278 metres to 292 metres. Drill core is presently being prepped for assay at ALS Global in Vancouver. A Geiger-Mueller (G-M) high-grade probe is presently being brought to site in order to better estimate the high-grade values prior to assaying.
FOUR ADDITIONAL HOLES DRILLED
Hole From-to Length Grade
(m) (m) (ppm eU3O8)
ASDH 542 343.0-359.0 16.0 1,392.5
including 351.5-358.5 7.0 2,259.3
ASDH 543 221.0-296.0 75.0 5,041.2
including 221.5-226.0 4.50 10,361.0 (saturated)
including 233.0-242.5 9.50 14,363.0 (saturated)
ASDH 548 118.0-141.5 23.5 1,073.8
including 122.5-127.0 4.5 2,027.0
ASDH 552 243.5-292.0 48.5 4,038.2
including 245.0-265.5 20.5 5,681.5
including 275.5-281.5 6.0 6,848.3 (saturated)
Terratic AG probed the holes using the Electomind DIL 1125 gamma probe.
Engagement of CSA Global Pty. Ltd.
Global Atomic has engaged CSA Global Pty. Ltd. to update the mineral resource estimates for the project and assess the potential of open-pit mining the flank zone. It is Global Atomic's intention to complete adequate drilling over the next three months in order to develop an open-pittable resource in the indicated resources category. Once sufficient drilling has been completed, a National Instrument 43-101-compliant technical report will be completed in order to finalize a plan to begin shipments of mineralized material to Orano Mining's milling facility in Arlit (formerly known as AREVA Mines).
Global Atomic has granted 5,535,908 stock options to acquire common shares of Global Atomic to directors, management, consultants and employees. The stock options are exercisable at 25 cents for a period of five years from issuance.
Qualified person statement
George A. Flach, vice-president of exploration, PGeo, is the qualified person (QP) as defined in National Instrument 43-101 and has prepared, supervised the preparation and approved the scientific technical disclosure in this news release.
About Global Atomic Corp.
Global Atomic is a TSX Venture Exchange-listed company providing a unique combination of high-grade uranium development and cash-flowing zinc concentrate production. Global Atomic's uranium division includes six exploration permits in the Republic of Niger covering an area of approximately 750 square kilometres.
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