Dec 12 2014
Global Atomic Fuels Corporation, a private Ontario corporation, is pleased to report ongoing drill results from its flagship Dasa Project, located in the Republic of Niger, West Africa.
Recent drilling on the project returned exceptional results. Hole ASDH 256 intersected a mineralized intersection 350 meters thick. Based on the gamma probe, numerous sections of the hole were "saturated", thus requiring chemical assays to determine the exact grade.
Probing the 350 meter section returned a grade of 957 ppm including a 109 meter section grading 2,521 ppm at a 300 ppm cut-off, which also includes 40.5 meters at 3,185 ppm and 12.5 meters at 5,151 ppm at a 1,500 ppm cut-off.
The core from hole ASDH 256 has been split with one half being sent to ALS labs in Vancouver for chemical assaying. Drilling is continuing with two drill rigs.
"This drill hole is fantastique!", commented Global Atomic's consultant Henri Sanguinetti. "In my forty years uranium experience in Niger, I believe this is the best hole ever drilled in the Tim Mersoi Basin and confirms the Dasa deposit is world class."
The current drill program is designed to expand the Dasa resource and upgrade it to the Indicated Category to facilitate the completion of a Pre-feasibility Study (PFS).
Over the course of 2015, Global Atomic intends to complete sufficient drilling to upgrade the resource, complete a PEA report and list the Company's shares for trading on a recognized stock exchange.