Vancouver, BC - TheNewswire - March 22, 2023 - Atco Mining Inc. (the “Company” or “Atco”) (CSE:ATCM) (Frankfurt:QP9) is pleased to announce that it expects to receive final interpreted results from its recently completed airborne gravity survey shortly. Preliminary data from the airborne gravity survey recently conducted on its 100%-owned salt projects, located within the St. George’s Bay Basin in southwestern Newfoundland, revealed that three high-priority oval-shaped gravity anomaly targets are present on the Company’s tenures. The geometry of the gravity-low features suggests the presence of underground salt dome structures. The detailed interpretation work has been on-going during the last several weeks and the Company expects receipt of the final interpreted survey data from the contractor in the coming weeks.
Neil McCallum, Director of Atco Mining states: “I am very happy with the data that we’ve received thus far from the survey. The fact that the preliminary results confirmed the presence of three salt dome structures on our projects is a very positive fact and takes us one step closer towards growing Atco into one of the leaders in the hydrogen storage space.”
The geophysical program was completed approximately two months ago (see news release dated January 25th, 2023) utilizing the Falcon® Plus airborne gravity gradiometer (“AGG”) and magnetics completed by Xcalibur Multiphysics of Mississauga, Ontario. Falcon® is the world’s only purpose-built AGG system, designed to isolate aircraft motion noise. The Survey was managed and will be interpreted by GroundTruth Exploration (“GroundTruth") of Dawson City, Yukon.
About Atco Mining (CSE: ATCM):
Atco is a junior exploration mining company focused on exploring for green energy metals throughout Canada. Atco is also exploring for sulphide-rich VHMS deposits in Saskatchewan as well as salt opportunities in Western Newfoundland. Investors are encouraged to visit the company’s website here: www.atcomining.com.
For further information contact:
Atco Mining Inc.
Telephone: (604) 681-0084
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release. The Canadian Securities has neither approved nor disapproved the contents of this news release.
FORWARD LOOKING STATEMENTS:
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
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