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Sunday, February 5, 2023

Nw: Atco Mining stakes Highland salt project, Newfoundland

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Atco Mining Inc.has staked a novel project on the west drift of Newfoundland. The newly staked project named the Highland Salt Mission is 100% owned by Atco and is located at once adjacent to the Triple Level Sources (Atlas Salt’s novel spinout company) St. Fintan’s Salt Mission. It is additionally adjacent to the company’s present Apollo Mission. The Highland Salt Mission includes 1 license, totaling 975 hectares.

With the newly received Mission, Atco now controls seven projects within the gap which encompass 20,450 hectares. In comparability, Atlas Salt’s spinout company, Triple Level Sources, for the time being holds roughly 22,599 hectares.

The project was once received to duvet a allotment of a historically mapped gravity low that was once outlined by ground gravity work and experiences from 1971 by Hooker Chemical Company.

Interpretation of the anomaly, that’s partly lined by the Highland Salt Mission, suggests a depth to a possible salt dome at between 305 and 427 metres below the flooring.

The corporate additionally publicizes that its board of directors granted 200,000 restricted fragment objects (RSUs) to a specialist of the company. The RSUs will vest and convert into total shares on April 5, 2023, offered that the advertising and marketing and marketing consultant remains concerned with the company on the time.

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