Atlas Salt is pleased to announce that it has entered into a definitive arrangement agreement with Triple Point Resources with respect to the spin-out of the Company’s Fischell’s Brook Salt Dome Property and related mineral licenses comprising 226 sq. km. Pursuant to the Agreement, the Company agreed to distribute 23,750,000 common shares of Triple Point to the shareholders of the Company on a pro-rata basis. The [...]
Atlas Salt is pleased to announce that the Board of Directors has approved, in principle, the spin-out of the Company’s Fischell’s Brook Salt Dome Property and related mineral licenses comprising 226 sq. km in southwest Newfoundland. In connection with the spin-out the mineral licenses will be transferred to Triple Point Resources Ltd., a subsidiary of the Company established for the purpose of the spin-out.
Atlas Salt is pleased to report that as the Company progresses toward completion of its Great Atlantic Feasibility Study, drilling of another significant step-out hole has commenced approximately 300 metres east of CC-4 which cut a gross thickness of 335 m grading 96.8% salt starting just 190 m downhole. Mr. Rowland Howe commented: “The already known extent of the high-grade homogeneous salt deposit at Great Atlantic is [...]
Atlas 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. “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 [...]
Atlas 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 [...]
Atlas Salt 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 km to the northwest through the first two significant step-out holes, with further details to come; Geotechnical data continue to support the objective of accessing the large [...]
Drilling by Atlas Salt at its 100%-owned Great Atlantic Project in western Newfoundland has reached the interpreted top of the salt bed in a 500-metre step-out hole toward the deep water port at Turf Point. Detailed downhole logging of the overlying sediments in this first drill hole has been completed after drilling reached the top of the interpreted salt interval. This intermediate part of the hole will be cased and [...]
Drilling by Atlas Salt at its 100%-owned Great Atlantic Project in western Newfoundland has reached the interpreted top of the salt bed in a 500-metre step-out hole toward the deep water port at Turf Point. Detailed downhole logging of the overlying sediments in this first drill hole has been completed after drilling reached the top of the interpreted salt interval. This intermediate part of the hole will be cased and [...]
Atlas Salt is pleased to provide an update on its high-grade and 100%-owned Great Atlantic Salt Project in western Newfoundland. Highlights: Preliminary development evaluations are now premised on accessing the salt deposit via an inclined ramp as opposed to vertical shaft access, subject to final geotechnical assessments from the drill program; Atlas has commenced its diamond drilling program at Great Atlantic to further [...]
Atlas Salt has extended an agreement with PRmediaNow, pursuant to which the firm will provide media relations services to Atlas for an additional term of 12 months. PRmediaNow's award-winning team of public relations professionals, media researchers and former national journalists has extensive experience securing editorial placements for public companies in leading business, investment, finance, technology [...]
Atlas Salt is pleased to provide an update on its 100%-owned Fischell's Brook Salt Dome in western Newfoundland, approximately 15 km south of the Company's flagship Great Atlantic Salt Project. Highlights: Given the rapidly growing interest in "green" hydrogen, energy storage and the renewable energy sector in general, driven in part by supportive policy actions by provincial, state and federal governments, Atlas [...]
Atlas Salt is pleased to report that as its Great Atlantic Feasibility Study accelerates into a new phase, seismic data for the project has favorably impacted the strategy for upcoming drilling which will help determine mining methodology. Highlights: Based on seismic information for the homogeneous and high-grade Great Atlantic deposit, the drill program will step out 500 meters toward the deep water port from the [...]
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