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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

Atlas Salt Inc. is a Canada-based mineral exploration company. The Company is engaged in the evaluation, exploration, development and production of industrial mineral properties in Newfoundland and Labrador. The Company’s principal asset is the Great Atlantic salt deposit project (Great Atlantic Salt Project), located in the St. George Basin of western Newfoundland. Its Gypsum Project is three kilometers (km) southwest of Great Atlantic salt deposit, which is an early-stage and open-pit production from the Ace deposit. Its Nepheline Syenite Property consists of a surface occurrence of nepheline syenite along the southern Labrador highway. The project is located approximately six km from tide water.


TSXV:SALT - Post by User

Comment by lifegoesonon Oct 17, 2021 10:55am
138 Views
Post# 34014923

RE:RE:Like Rowland Howe says...

RE:RE:Like Rowland Howe says...Silentrunning, I think this quote from Roland Howe pretty well summarizes the potential and the manageable risk for me....

....."......Having managed Goderich into the largest underground salt mine in the world and after six months of guiding this project, I'm more confident than ever in describing Great Atlantic as a very advantaged asset. This deposit has all the right attributes, including the necessary infrastructure surrounding it, in one of the best locations in the world for mining.....".....

This highlight also tends to get me excited....


....."..... Based on seismic information for the homogeneous and high-grade Great Atlantic deposit, the drill program will step out 500 metres toward the deepwater port from the existing northernmost hole (CC-4) drilled by the company, which returned 335.3 metres grading 96.8 per cent salt starting only 190 metres downhole. The top 125 metres of that intercept graded 98 per cent salt (National Instrument 43-101 Apex Resource estimate report, 2016). The new stepout hole will be collared approximately 3.5 kilometres from the port in an area where seismic data suggest that the deposit thickens.....".....
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