🕐28.01.10 - 01:11 Uhr

Kalgoorlie North Gold Project - High Grade Drill Results



Atom Energy ASX Announcement 28 January 2010 Kalgoorlie North Gold Project - High Grade Drill Results The Directors of Atom Energy Limited (Atom or the Company) are pleased to announce the initial results of the recent drilling programme at the Companys Kalgoorlie North Gold Project, located approximately 45km north of Kalgoorlie, Western Australia. -------------------------------------------------------------------------------Highlights: Reverse circulation and diamond drilling conducted on the Zoroastrian and Excelsior deposits within the Kalgoorlie North Gold Project confirms historic drilling results and extensions to the mineralised zones Significant drill results include: Zoroastrian § 4 metres @ 144.36 g/t Au over the range 29 metres to 33 metres § 5 metres @ 16.64 g/t Au over the range 37 metres to 44 metres § 11 metres @ 3.49 g/t Au over the range 58 metres to 69 metres § 12 metres @ 6.26 g/t Au over the range 106 metres to 118 metres Excelsior South § 63 metres @ 1.99 g/t Au over the range 131 metres to 194 metres (from 65 meters below the current mined pit floor) § 4 metres @ 9.43 g/t Au over the range 170 metres to 174 metres § 10 metres @ 5.15 g/t Au over the range 160 metres to 170 metres § 10 metres @ 5.54 g/t Au over the range 160 metres to 170 metres o Excelsior North § 24 metres @ 3.13 g/t Au over the range 23 metres to 47 metres § 22 metres @ 1.37 g/t Au over the range 185 metres to 207 metres A new resource upgrade is expected at completion of this drilling campaign. ------------------------------------------------------------------------------- Drilling Results Summary Assay results have been obtained from the recently completed 6,210 metre drilling program at the Excelsior and Zoroastrian project areas where drilling was designed to upgrade and increase the existing JORC compliant Inferred Resource at a 0.6g/t Au lower cut of: Excelsior 4.22 million tonnes @ 1.4g/t for 187,600 ounces Au Zoroastrian 1.48 million tonnes @ 1.3g/t for 63,000 ounces Au Total Inferred Resources for the Kalgoorlie North Gold Project, prior to the recent drilling program, are currently 8.0 million tonnes @ 1.4 g/t Au for 366,000 ounces. The Kalgoorlie North Gold Project covers a substantial mineralised province within the Kalgoorlie goldfields where Atom is targeting resource expansion to 500,000 ounces this financial year.

Following the positive results from the recent drill programs at Excelsior and Zoroastrian, planning is underway for extensive new drilling campaigns on other resource areas within the Project.

This next round of drilling is scheduled to commence in the coming months. Completion of an upgraded and increased JORC resource report for the Kalgoorlie North Gold Project is also expected by the end of this quarter. To download the full announcement, click here: http://esp.gewru.com/download/files/12414/1062322/20100128%20-%20Kalgoorlie%20North%20Gold%20Project%20-%20High%20Grade%20Drill%20Resu.pdf For further information, please contact: Atom Energy Limited Bruce Lane Executive Director T: + 61 8 9481 2276 E: Media Felicity Nuttall Professional Public Relations T: + 61 8 9388 0944 E:
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