Metals and Mining
Company Overview of Global Atomic Fuels Corporation
Global Atomic Fuels Corporation engages in the exploration and development of uranium projects in Republic of Niger and internationally. The company was formerly known as Global Uranium Corp. Global Atomic Fuels Corporation was founded in 2005 and is based in Toronto, Canada.
8 King Street East
Toronto, ON M5C 1B5
Founded in 2005
Key Executives for Global Atomic Fuels Corporation
Vice President of Operations
Vice-President - Exploration
Compensation as of Fiscal Year 2014.
Global Atomic Fuels Corporation Key Developments
Global Atomic Fuels Corporation Provides Update on its Dasa Uranium Project Located in the Tim Mersoi Basin, Republic of Niger
Jun 5 14
Global Atomic Fuels Corporation announced the latest resource update on its Dasa Uranium Project located in the Tim Mersoi Basin, Republic of Niger. The previously released figures generated by SRK Consulting used data obtained solely from gamma probe information. The current calculation, using the SRK block model parameters, incorporates the diamond drill hole "chemical assays", as well as an updated "K factor" or "conversion factor" that converts the gamma probe data to an "Equivalent U(3) O(8) " (eU(3) O(8)) grade. The updated "K factor" was calculated by Mélabar Geoconsulting, based in Paris, France who has over 30 years experience in Niger's Tim Mersoi uranium basin. Core drilling has been done on approximately 40% of the current Dasa resource and it is expected that the overall tonnage and grade will continue to improve when further core drilling is completed as Global Atomic upgrades the resource to the Measured and Indicated category. The highlights below summarize Global Atomic's findings after including the updated "K factor" and assay data: High grade trend along strike bounded by the graben faults defined by recently completed IP survey; Areas currently drilled with core holes and assayed, yielded > 20% grade increase in the Deep East block; SRK gamma probe 100 ppm cutoff Block Model Quantities and Grade: 114 million pounds at the rate 636 ppm; SRK cut off grade of 600 ppm generated an underground Inferred Resource of 76.8 million pounds at the rate of 1,797 ppm; Global Atomic revised Block Model at 100 ppm cut off generated a resource of 168 million pounds at the rate of 575 ppm; At a 600 ppm cut off (used for underground Inferred Resource) contains: 115 million pounds at the rate of 1,828 ppm; At 1,000 ppm cut off underground Inferred Resource contains: 95 million pounds at the rate of 2,554 ppm; At 1,500 ppm cut off underground Inferred Resource contains: 77 million pounds at the rate of 3,420 ppm.
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