Business
Atlas Lithium Intersects High-Grade Lithium Mineralization in Pegmatite with Current Estimated Length of 1.1 Kilometers and Still Open at Both Ends
Belo Horizonte, Brazil--(Newsfile Corp. - February 13, 2023) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company"), a mineral
About this update from Atlas Lithium Corporation
[{"type":"text","content":"Belo Horizonte, Brazil--(Newsfile Corp. - February 13, 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, announced today highlights from recent third-party geochemical testing of core samples drilled from an area known as Abelhas Target located within its Neves Lithium Project; such results are summarized below. Additionally, the Company's technical team significantly increased the estimated size of one of its several lithium-bearing ore bodies to at least 1.1 kilometers (~0.7 miles) in length, with such pegmatite still open for expansion in size at both ends and at depth. This pegmatite is now referred to as Anitta to follow the local tradition of naming special discoveries. By way of comparison, based on publicly available reports, nearby pegmatite Xuxa, which is owned by another lithium exploration company, is 1.5 kilometers in length.\nAbelha Target exploration testing highlights are as follows:\n\n2.44% Li₂O over 3.15 meters (m) (drill hole DHAB-11)\n2.24% Li₂O over 4.05 m, 2.00% Li₂O over 3.15 m, 1.74% Li₂O over 0.84 m, 1.60% Li₂O over 1.40 m, 1.48% Li₂O over 0.86 m, 1.35% Li₂O over 1.86 m (drill hole DHAB-11B)\n2.99% Li₂O over 5.00 m, 1.94% Li₂O over 1.98 m, 1.43% Li₂O over 3.05 m (drill hole DHAB-15)\n1.80% Li₂O over 6.00 m (drill hole DHAB-21)\n1.72% Li₂O over 4.00 m, 1.60% Li₂O over 2.19 m, 1.41% Li₂O over 2.00 m, 1.38% Li₂O over 1.00 m (drill hole DHAB-41)\n2.35% Li₂O over 2.91 m, 1.92% Li₂O over 2.00 m, 1.87% Li₂O over 2.06 m, 1.39% Li₂O over 1.92 m (drill hole DHAB-57)\n\nMarc Fogassa, Atlas Lithium's Chairman and Chief Executive Officer, commented, \"This year has been terrific with our listing on NASDAQ and successful funding that facilitates expedited drilling towards our initial resource report. Our announcement today further underscores the quality of our large collection of lithium-bearing assets located in the Lithium Valley. We are very pleased with the grade and thickness of the intercepts which further strengthens our 100%-owned Minas Gerais Lithium Project.\"\nThe southwestern end of Anitta has been very recently drilled (drill holes DHAB-68 and 69) and sampling cores intersected lithium-bearing spodumene with large crystals starting at approximately 13 meters in depth. Represen...