Located near the Turf Point Port in western Newfoundland, the GAS deposit was initially discovered through oil and gas exploration. It is considered one of North America’s largest shallow salt deposits and it is immediately adjacent to the Flat Bay gypsum deposit, whose mines produced a reported 15 million tonnes from the 1950s until production ceased in 1990.
According to the company, and NI-43-101 report independently verified salt resource featuring 383 Mt Indicated (grading 96.0% salt) and 868 Mt Inferred (grading 95.2% salt). Within these resources, Mineral Reserves in the Probable category total 88.1 Mt at 96.0% salt.
Atlas said its planned state-of-the-art “Salt Factory” would be the first new underground salt operation in North America and contribute to a significant domestic production shortfall.
Atlas said with the Oracle solutions it will be able to optimize its operations to accelerate…
