Favorable Seismic Data Prepares Atlas Salt For Great Atlantic Drilling
Favorable Seismic Data Prepares Atlas Salt For Great Atlantic Drilling St. John’s, Newfoundland and Labrador, October 15, 2021 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to report that as its Great Atlantic Feasibility Study accelerates into a new phase, seismic data for the project has favorably impacted the strategy for upcoming drilling which will help determine mining methodology. Highlights: Based on seismic information for the homogeneous and high-grade Great Atlantic deposit, the drill program will step out 500 meters toward the deep water port from the existing northernmost hole (CC-4) drilled by the Company which returned 335.3 meters grading 96.8% salt starting only 190 meters downhole. The top 125 meters of that intercept graded 98% salt (NI-43-101 Apex Resource Estimate Report, 2016). The new step-out hole will be collared approximately 3.5 km from the port in an area where seismic data suggests that the deposit thickens; One […]