BRIEF

on Atlas Salt (isin : CA04943J1003)

Atlas Salt Advances Great Atlantic Salt Project with Drilling Program

Atlas Salt Inc. has announced the start of its geotechnical drilling program at the Great Atlantic Salt Project in Newfoundland. The company has finalized a 160-hectare Crown land surface lease, marking significant progress towards developing Canada's next major salt mine.

The drilling program, executed by Logan Drilling, includes 2,700 meters of core drilling to assess rock quality and groundwater conditions. Terrane Geoscience Inc. and GEMTEC Consulting will lead the investigation, ensuring the project's safety and stability through hydrogeological testing and data analysis.

The new land lease allows for essential infrastructure development, such as access roads and facilities. CEO Richard LaBelle highlights these achievements as critical steps in meeting the project’s objectives.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Atlas Salt news