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Atlas Lithium Intersects 4.40% Li2O at 60.15-Meter Depth in Best Drill Hole Result to Date
Lithium Mineralization Begins at 26.28-Meter Depth Belo Horizonte, Brazil--(Newsfile Corp. - April 4, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas
About this update from Atlas Lithium Corporation
[{"type":"text","content":"Lithium Mineralization Begins at 26.28-Meter Depth\nBelo Horizonte, Brazil--(Newsfile Corp. - April 4, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) (\"Atlas Lithium\" or the \"Company\"), a mineral exploration company with over 75,000 acres of hard-rock lithium mineral rights, recently identified lithium mineralization that is both superficial and high-grade. Atlas Lithium's intersect of 4.40% Li2O in its drill hole DHAB-68 is one of the highest grades reported at a spodumene deposit in Minas Gerais' Lithium Valley based on publicly-available data. Drill hole DHAB-68 is located at the southwestern portion of Atlas Lithium's 1.1 kilometer-long Anitta pegmatite target (\"Anitta\"), which remains open for expansion along strike and at depth.\nIn DHAB-68, the lithium mineralization intersects comprised a total of 43.61 meters, including a 25.43-meter interval with an average concentration of 1.44% Li2O. Importantly, in DHAB-68, lithium mineralization started at a depth of only 26.28 meters, which is considered superficial. Such relative high-grade and superficial lithium mineralization has also been observed in qualitative analysis of core samples from nearby drill holes for which the geochemical data is forthcoming. Overall, in the opinion of the Company's technical team, such results enhance the likelihood of an open pit operation for extraction. Mining engineering considerations are key when assessing the economic potential of a hard-rock lithium deposit.\nCurrently, Atlas Lithium has nine diamond-core drills exploring three of its 64 mineral rights for lithium as part of a 40,000-meter drilling campaign. A tenth drill has been contracted and is expected to arrive by the end of this month. The current drilling effort is focused on resource delineation in and around Anitta, given the high-quality results obtained to date. Atlas Lithium's Anitta pegmatite target is located immediately adjacent to a Sigma Lithium Corporation's mineral property.\nIn parallel with the drilling program, extensive soil and trench geochemical campaigns have identified multiple lithium mineralization areas close to the surface which will serve as subsequent drilling targets, in addition to the outcroppings of spodumene-bearing pegmatites on Atlas Lithium's exploration properties which are natural targets as well.\nThe geochemical analysis of the core ...