Global Atomic
In April 2022, Canadian mining contractor, CMAC-Thyssen, will collar the portal to the mine and then commence underground development. In preparation for 24/7 underground development, equipment and materials are being shipped to site with the first series of containers leaving the Port of Montreal enroute to the Port of Cotonou in Benin, West Africa, and overland delivery to the Dasa Project site.
Uranium Drilling Programs
Following the January 2022 announcement of results from our first 6,000 meters drilled at Dasa, the Company plans to complete the remaining 9,000 meters of the program by mid-year 2022. The initial drill holes targeted an area of Inferred Resources immediately proximal to Zone 3 of the current Phase I Mine Plan. The drilling was conducted on 25 meter centers and resulted in a significant addition to Zone 3 resources. Assays for the entire drill program are expected in Q4 2022, after which a new resource and mine model will be produced.
Concurrently, Global Atomic is drilling at the nearby Isakanan deposit, where previous drill programs have delineated a preliminary, non-NI 43-101 compliant resource of approximately 35 million pounds of U3O8, grading between 800 and 1,000ppm. Isakanan is being considered as a good candidate for In Situ Leaching “ISL”, due to the geology and flat lying nature of the mineralized sandstone host rock. Drill Cores have been shipped to Canada to be tested for Permeability and Porosity which will determine next steps for this deposit.