Atlas Advances Great Atlantic Feasibility Study; Drill Program Steps Out 500 Meters On First Hole

Atlas Advances Great Atlantic Feasibility Study Drill Program Steps Out 500 Meters On First Hole St. John’s, Newfoundland and Labrador, January 31, 2022 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to provide an update on its high-grade and 100%-owned Great Atlantic Salt Project in western Newfoundland. Highlights: Preliminary development evaluations are now premised on accessing the salt deposit via an inclined ramp as opposed to vertical shaft access, subject to final geotechnical assessments from the drill program; Atlas has commenced its diamond drilling program at Great Atlantic to further delineate and evaluate the large homogenous and relatively shallow salt deposit pursuant to the Company’s ongoing Feasibility Study. The first drill hole, with progress updates to come, is a 500-meter step-out toward the deep-water port from the existing northernmost hole (CC-4) that returned a gross thickness of 335.3 metres grading 96.8% salt starting only 190 metres downhole; The Company […]