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Atlas Lithium Provides Update on Its Flagship Lithium Project
Fourth Drill Now Operational at Project Site Belo Horizonte, Brazil--(Newsfile Corp. - December 21, 2022) - Atlas Lithium Corporation (OTCQB: ATLX) ("Atlas
About this update from Atlas Lithium Corporation
[{"type":"text","content":"Fourth Drill Now Operational at Project Site\nBelo Horizonte, Brazil--(Newsfile Corp. - December 21, 2022) - Atlas Lithium Corporation (OTCQB: ATLX) (\"Atlas Lithium\" or the \"Company\"), a mineral exploration company focused on lithium and other battery metals critical to powering the green energy revolution, is pleased to provide an update on its drilling campaign at its flagship 100%-owned Minas Gerais Lithium Project (\"MGLP\"). MGLP encompasses 227 km2 of mineral rights which the Company believes to be the largest such collection in a premier jurisdiction for hard-rock lithium known as \"Lithium Valley\" in the state of Minas Gerais in Brazil. The Company further announced that a fourth additional diamond core drilling rig is now operational at MGLP.\nAtlas Lithium's drilling campaign has focused on a target area with high-grade lithium mineralization. Such location remains open for advance in mineralization at northeast, southwest, and in depth, and current estimates indicate that this lithium-containing pegmatitic trend will be greater than 1 km (~0.6 miles) in length, possibly longer.\nAs part of the drilling campaign, a recently concluded drill hole intersected 95 feet of high-quality spodumene (a lithium-bearing mineral) starting at 250-ft in depth. Such interval was later followed deeper in the same drill hole by an additional intersect of 35 feet of spodumene. Finally, at even lower depth, two more intersections added another 7 feet, for a total combined linear interval of approximately 137 feet of spodumene, the best result so far in the Company's exploratory campaign. Photos of material from this drill hole are attached to this release.\n\n\nFigure 1\n\nTo view an enhanced version of Figure 1, please visit:\nhttps://images.newsfilecorp.com/files/6706/148919_07a4315a248e0929_001abfull.jpg\nIn order to capitalize on the positive results and accelerate the timeline of its exploration campaign, the Company has ordered a fifth drill which is expected to arrive next month.\nAtlas Lithium continues to progress toward an uplisting of its common stock to the Nasdaq Capital Market. In addition, the Company's Chairman and Chief Executive Officer, Marc Fogassa, will be a member of a keynote panel at the upcoming Mines and Money Conference taking place February 23-24, 2023, in Miami, Florida. The conference will gather senior ...