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Atlas Lithium Intersects 1.47% Li2O over 95.2 Meters
Belo Horizonte, Brazil--(Newsfile Corp. - May 30, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company") is pleased to report the
About this update from Atlas Lithium Corporation
[{"type":"text","content":"Belo Horizonte, Brazil--(Newsfile Corp. - May 30, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) (\"Atlas Lithium\" or the \"Company\") is pleased to report the geochemical results summary from drill hole DHAB-104 which holds the record for the longest down-drill lithium mineralization of the Company's current exploration campaign, with 95.2 meters (312 feet) intersect. DHAB-104 is located within the 1.8-kilometer Anitta pegmatite trend in the Company's 100%-owned Neves Project in Brazil's Lithium Valley, a well-known district for hard-rock lithium. The Neves Project covers 2,684 hectares. In total, Atlas Lithium controls 24,233 (242 km2) hectares of mineral rights in Lithium Valley.\nVolodymyr Myadzel, Ph.D., Sr. VP of Mineral Exploration at Atlas Lithium, commented, \"This result is excellent in both the length and the grade of lithium mineralization. We have not previously seen any drill hole with this much mineralized length reported in Lithium Valley.\"\nMarc Fogassa, CEO and Chairman of the Company, added, \"We continue to be encouraged by the sequence of positive data obtained from Anitta. It is also important to note that Lithium Royalty Corporation's non-dilutive investment of US$20,000,000 in us earlier this month - after a site visit and due diligence on our properties and team - has fully funded our planned drilling campaign.\"\nFigure 1 below, exhibits DHAB-104 within Anitta, and in relation to other drill holes, some of which have demonstrated identifiable spodumene, but with geochemical assays still pending. In the bottom right corner of Figure 1, depicted in blue, are the four mineral rights comprising the Neves Project, and in red, the area being drilled, which is a small part of the total size of the cluster. Geological mapping and soil geochemical studies have already identified multiple targets outside of Anitta which will be explored in our drilling campaign.\n\nFigure 1 (above) - Locations and highlights of DHAB-104 and other select drill holes within Anitta.\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/6706/167973_c5abb1ad9466c828_002full.jpg\nDHAB-104 Highlights:\n1.18% Li2O over 11.2 m from 95.4 m to 106.6 m, which includes\n2.26% Li2O over 2.7 m from 97.9 m to 100.6 m and\n1.71% Li2O over 3.2 m from 103.4 m to 106.6 m\n1.51% Li2O over 84.0 m from 1...