Gravity Survey Unveils Second Potential Salt Dome in SALT’S Bay St. George District
Gravity Survey Unveils Second Potential Salt Dome in SALT’S Bay St. George District St. John’s, Newfoundland and Labrador, June 3, 2022 – Atlas Salt (the “Company” or “Atlas” – TSXV: SALT) is pleased to report that additional results from its ground gravity survey have led to the modelling of a potential second salt dome just 3 km east of the large Fischell’s Brook Salt Dome deposit (refer to May 26, 2022, news release). “Fischell’s Brook East” is consistent with the increasingly apparent district-scale salt potential of Atlas’ nearly 200 sq. km land package in western Newfoundland, parts of which will form a strategic near-term “spinout” aimed at unlocking additional shareholder value. Highlights: · Geophysical interpretation of the gravity data has modelled a deeply rooted salt dome of vertical cylindrical shape at Fischell’s Brook East with a diameter of 1.5 km and an average density of 2.35 grams per cubic centimeter; · Fischell’s Brook East has never been previously drilled. It […]