ATCO Mining Inc. announced an update on its current drill program on its Atlantic Uranium Project. The first drilling campaign on the Atlantic Project ("Atlantic" or "the Project") for Atco and its joint venture partner Standard Uranium Ltd. began less than a week ago with crews arriving on February 26th. Logistics are running smoothly on-site and drilling is nearing the target of the first frill hole.

The campaign is expected run 2,000 to 3,000 metres across 4-6 drill holes. The current focus of drilling on the Project is one of several prominent exploration features that are drill-ready. Winter drilling will be focused on "Target A" which is defined by a 1,400-metre x 850-metre low-density anomaly at the unconformity coinciding with stacked EM conductors and an interpreted regional fault.

The low-density anomaly is interpreted as an area that has potentially undergone hydrothermal alteration in the sandstone and/or basement. Gravity surveying has been a successful targeting tool in many recent discoveries in the Athabasca, and combined with its location along a conductive trend, which is interpreted to coincide with graphitic basement rocks. Graphite-rich and conductive anomalies are the hallmark of nearly all uranium mineralization in the Athabasca Basin, providing an ideal setting for structural deformation and focusing of uranium-bearing hydrothermal fluids.