Month: May 2022

Gravity Survey Supports Massive Salt Dome at Atlas Salt’s Fischell’s Brook

Gravity Survey Supports Massive Salt Dome at Atlas Salt’s Fischell’s Brook St. John’s, Newfoundland and Labrador, May 26th, 2022 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to report that a recently completed ground gravity survey suggests that the Company’s 100%-owned Fischell’s Brook Salt Dome is significantly larger than originally believed, further demonstrating the district-scale salt potential of the broader Bay St. George district in western Newfoundland and the prospectivity of this area in hosting different styles of salt deposits. Highlights: ·         Modelling of the gravity data is consistent with a deeply rooted massive salt dome 4.1 km by 1.3 km in aerial size with an average density of 2.2 grams per cubic centimeter; ·         APEX Geoscience Ltd. is completing a NI-43-101 resource assessment of Fischell’s Brook, expected during the first half of June, based on historic drilling, geologic and geophysical data as well as the new digital gravity set; ·         Four […]

Atlas Salt Corporate Update

Atlas Salt Corporate Update St. John’s, Newfoundland and Labrador, May 19, 2022 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT), 100% owner of North America’s premier undeveloped high-grade salt project, is pleased to provide the following update:  Great Atlantic Project The ongoing drill program at Great Atlantic has extended the massive homogeneous high-grade salt deposit by approximately half a kilometer to the northeast and half a kilometer to the northwest through the first two significant step-out holes (CC-6 and CC-7), with further details to come; Geotechnical data continue to support the objective of accessing the large Great Atlantic deposit, unusually shallow by industry standards and still open in all directions, through an inclined ramp as a unique and highly efficient mining method among North American salt deposits, subject to final feasibility assessment; Atlas has retained a North American firm for special corporate advisory services, in advance of the completion […]

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