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Bullboard - Stock Discussion Forum 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... see more

TSXV:SALT - Post Discussion

Atlas Salt Inc > Spoke with IR today
View:
Post by TeamEddie on Nov 23, 2021 9:16pm

Spoke with IR today

we will get an update sonn in regards to drilling starting and turn around in the labs should be fast as there are no backlogs at labs 

 Spin off is expected to take place in Q1
Comment by lifegoeson on Nov 24, 2021 10:23am
TeamEddie, let's hope the drill start turning soon, it has been since October 15th when they mentioned they were going to drill.... not sure what the weather is like in that area, but winter is coming.
Comment by Crunchy2chew on Nov 24, 2021 12:00pm
The drill rig is supposed to be there today.
Comment by Akstar on Nov 24, 2021 1:04pm
The weather I don't think is the best. I see lots about washed out roads on that side of island. Drilling is definitely a slow process. I'm just finishing up at a coeur mine expansion in North BC and was talking to one of the exploration drillers. I didn't realize how lengthy of a project it is to drill. It's taking them around 2 days a hole. not sure how deep. Didn't ask how ...more  
Comment by Crunchy2chew on Nov 24, 2021 1:08pm
I believe that since they are drilling through salt that it will be a much faster drill vs through rock. I am sure I here them say in one of the videos that the drilling will go very quick here vs other drill holes. And yea Even if the rig does show up today there will not be any activity until the ground dries up a little. I believe there is more rain on the way. 
Comment by Freelancer779 on Nov 24, 2021 3:25pm
190 meters down with Sandstone overtop which is easy to drill through 
Comment by twoponds on Nov 24, 2021 3:56pm
I see your concern, but this is "soft rock" not "hard rock" drilling/mining...2 totally different animals.. This drilling will not take too long, coring can be time consuming though.  It's good to know the assays to lab have no backlog.  Yes, patience is key, we'll see results quicker just because of the little time consumed for "soft rock" coring ...more  
Comment by Crunchy2chew on Nov 24, 2021 5:57pm
If I had to bet it will be ramp, starting on the sea side of the access road. This will allow transport of the salt when its hits above ground without having to cross the public road. I was out there and the property with the claim has an access road and a dedicated causway. But it would have to cross a main road in the community. That could be a real pain in the butt for production like they have ...more  
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