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Atlas Lithium Expands Anitta Pegmatite Trend to 2.3 Kilometers; Confirms Near-Surface Mineralization with Trenching
Boca Raton, Florida--(Newsfile Corp. - July 31, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading mineral exploration
About this update from Atlas Lithium Corporation
[{"type":"text","content":"Boca Raton, Florida--(Newsfile Corp. - July 31, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) (\"Atlas Lithium\" or \"Company\"), a leading mineral exploration company, is pleased to announce the southwest expansion of the Company's flagship Anitta pegmatite trend from 1.8 to 2.3 kilometers in length. Anitta is located within the Neves Project, a cluster of four lithium mineral rights that are part of Atlas Lithium's 100%-owned Minas Gerais Lithium Project in Brazil's Lithium Valley, an established hard-rock lithium producing jurisdiction.\nThe increase in size was a result of identification of new targets to the southwest which were subsequently drilled and found to contain spodumene, a lithium-bearing mineral. This has allowed the expansion of Anitta to an area now measuring approximately 2.3 kilometers in length by 500 meters in width. Because of such increase, and as multiple additional targets are available for future drilling, the decision was made to rename various segments in an ascending fashion for ease of logistics: \"North Anitta\" is now \"Anitta 1\", \"South Anitta\" is now \"Anitta 2\", and \"Anitta 2\" is now \"Anitta 3,\" as illustrated in Figure 1. Overall, Anitta remains open to further extension laterally, along strike to the southwest, and at depth.\nThe Company's drilling campaign to date has yielded high grades of lithium mineralization close the surface in both Anitta 2 and Anitta 3. In Anitta 2, drill hole DHAB-85 showed mineralized spodumene starting at only 3 meters depth. More recently, in Anitta 2, two trenches have shown at least 40 meters of lithium-containing pegmatite at near surface as Figure 2 and Figure 3 indicate.\nIn Anitta 3, drill hole DHAB-185 intersected 5.23% Li2O at only 9 meters depth, and drill hole DHAB-200 yielded a cumulative total of 46.7 meters of mineralized spodumene starting at only 54 meters depth, including 18.3 meters at an average grade of 1.51% Li2O.\nStrong lithium mineralization at near-surface depths in both Anitta 2 and Anitta 3 is an important differentiator for the Company's assets. Such locations may become, over time, sites for open pit mining, a modality which allows for faster and less costly operational development.\nMarc Fogassa, Atlas Lithium's CEO and Chairman, commented, \"We are highly encouraged by the expansion of our Anitta pegmatite trend. Addition...