![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Global Atomic Corp | TSXV:GLO | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.42 | 0.405 | 0.44 | 0 | 01:00:00 |
|
At DASA, the focus of current drilling is to continue to define the “Flank Zone” area in order to complete an updated National Instrument 43-101 (“NI 43-101”) resource technical report by CSA Global Pty Ltd of Perth, Western Australia. Two holes just completed and probed have returned excellent results which continue to improve the overall DASA resource.
DASA Project Highlights:
Hole | From (meters) – To (meters) | Length (meters) | Grade (ppm eU3O8) |
Flank ZoneASDH 126Bincluding | 58.5 - 262.6187.1 – 215.3 | 204.128.2 | 8,06228,490 |
ASDH 563includingincluding | 142.9 - 250.2198.0 - 244.1231.2 - 239.7 | 107.346.18.5 | 7,27712,45625,140 (saturated) |
Tagama EastDADH 380 | 521.4 – 544.5 | 23.1 | 1,027 |
DADH 386 | 290.5 – 315.8 | 25.3 | 1,759 |
* These are preliminary results based on gamma probing. Drillhole ASDH 563 is currently being probed with a Geiger-Müller probe, which will give a more accurate result. Final results will be released once chemical assaying is completed at ALS Global in Vancouver, Canada. |
Drilling on the Flank Zone will continue for the next month in order to achieve a Measured and Indicated resource classification in this area. Further drilling on strike and down dip will continue in order to build the overall DASA resource. A number of high priority targets will be the focus of the exploration drilling.
Management expects the updated NI 43-101 resource estimate to be completed in Q3 2018 and a technical report prior to year-end 2018.
Mr. George Flach, P.Geo., VP, Exploration for Global Atomic said “The drilling, contractors and our local Nigerien team are making significant progress advancing this high value uranium project. DASA is proving to be an outstanding asset which continues to improve”.
3D Model : DASA Open Pit and Underground Resources Model With Planned Drilling is available at http://resource.globenewswire.com/Resource/Download/8fb1d627-13d4-4dea-b49b-640f5f96b183
Drill Hole Longitudinal Section 1925 is available at http://resource.globenewswire.com/Resource/Download/a71f0c3e-3d21-4673-beff-085c31062aad
Drill Hole Longitudinal Section 1950 is available at http://resource.globenewswire.com/Resource/Download/b7745820-ccda-4094-8616-92da0038a466
Zinc Operation Highlights:
Please visit the corporation’s website, www.globalatomiccorp.com, for the latest news and our 2017 Financial Statements and MD&A which are now posted to the website and www.sedar.com.
Investor Relations Global Atomic also announced it has entered into an agreement with third party investor relations provider Renmark Financial Communications (“Renmark”) for the period February 1, 2018 through January 31, 2019 subject to a right of early termination in favour of the Company after the initial six month period. Renmark will provide investor relations services including investment community outreach programs, email distribution of news releases and broker presentations. Annual compensation is $54,000 payable in cash. Renmark was founded in 1999 by Henri Peron and based in Montreal, Quebec.
QP StatementGeorge A. Flach, Vice President of Exploration, P.Geo. is the Qualified Person (QP) as defined in NI 43-101 and has prepared, supervised the preparation of, and approved the scientific technical disclosure in this news release.
About Global AtomicGlobal Atomic is a TSX Venture listed company providing a unique combination of high grade uranium development and cash flowing zinc concentrate production.
Global Atomics’ Uranium Division includes six exploration permits in the Republic of Niger covering an area of approximately 750 km2. Uranium mineralization has been identified on each of the permits, with the most significant discovery being the DASA deposit situated on the Adrar Emoles III concession, discovered in 2010 by Global Atomic geologists through grassroots field exploration.
Global Atomics’ Base Metals Division holds a 49% interest in the BST joint venture which operates a re-processing facility located in Iskenderun, Turkey that converts EAFD (Electric Arc Furnace Dust) into a high-grade zinc oxide concentrate which is sold to zinc smelters around the world. The Company’s joint venture partner, Befesa Zinc S.A.U. (“Befesa”), holds a 51% interest in and is the operator of BST. Befesa is a market leader in EAFD recycling, capturing approximately 45% to 50% of the European EAFD market with facilities located throughout Europe and Korea.
Key contacts:
Stephen G. Roman | George A. Flach, P.Geo. |
Chairman, President & CEO | Vice President, Exploration |
Tel: (416) 368-3949 | Tel: (416) 368-3949 |
Email: sgr@globalatomiccorp.com | Email: gaflach@globalatomiccorp.com |
The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, political instability, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.
1 Year Global Atomic Corp Chart |
1 Month Global Atomic Corp Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions