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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

Post by twopondson May 19, 2022 5:10pm
160 Views
Post# 34696614

Don't ya just love some of the terminology in this PR?!

Don't ya just love some of the terminology in this PR?!

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 of the Feasibility Study.

Mr. Rowland Howe, Atlas President, commented: “Great Atlantic has extraordinary advantages, all the necessary components to become a state-of-the-art ‘Salt Factory’ and a disruptive asset in the heart of the eastern North America road salt market. We look forward to educating investors across the globe with respect to the uniqueness of this project with more information in the near future.”

Hold every single share folks this is about to run imho...
two...

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