(TheNewswire)
Vancouver, B C - TheNewswire - March 22, 2023 - Atco Mining Inc. (the “Company” or “Atco”)(CSE:ATCM ) ( Frankfurt:QP9) is pleased to announce that itexpects to receive final interpreted results from its recentlycompleted airborne gravity survey shortly. Preliminary data from theairborne gravity survey recently conducted on its 100%-owned saltprojects, located within the St. George’s Bay Basin in southwesternNewfoundland, revealed that three high-priority oval-shaped gravityanomaly targets are present on the Company’s tenures. The geometryof the gravity-low features suggests the presence of underground saltdome structures. The detailed interpretation work has been on-goingduring the last several weeks and the Company expects receipt of thefinal interpreted survey data from the contractor in the comingweeks.
Neil McCallum, Director of Atco Mining states: “I amvery happy with the data that we’ve received thus far from thesurvey. The fact that the preliminary results confirmed the presenceof three salt dome structures on our projects is a very positive factand takes us one step closer towards growing Atco into one of theleaders in the hydrogen storage space.”
The geophysical program was completed approximately twomonths ago (see news release dated January 25 th , 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 andwill be interpreted by GroundTruth Exploration (“GroundTruth")of Dawson City, Yukon.
About Atco Mining (CSE: ATCM):
Atco is a junior exploration mining company focused onexploring for green energy metals throughout Canada. Atco is alsoexploring for sulphide-rich VHMS deposits in Saskatchewan as well assalt opportunities in Western Newfoundland. Investors are encouragedto visit the company’s website here: www.atcomining.com .
For further informationcontact:
Atco Mining Inc.
Email: info@atcomining.com
Telephone: (604) 681-0084
Neither theCanadian Securities Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the Canadian SecuritiesExchange) accepts responsibility for the adequacy or accuracy ofthis news release. The Canadian Securities has neither approved nordisapproved the contents of this news release.
FORWARD LOOKINGSTATEMENTS:
Certain information in this newsrelease may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Forward-lookingstatements are often identified by terms such as “will”,“may”, “should”, “anticipate”, “expects” and similarexpressions. All statements other than statements of historical factincluded in this news release are forward-looking statements thatinvolve risks and uncertainties. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company’s expectations are detailed fromtime to time in the filings made by the Company with securitiesregulations. The reader is cautioned that assumptions used in thepreparation of any forward-looking information may prove to beincorrect. Events or circumstances may cause actual results to differmaterially from those predicted, as a result of numerous known andunknown risks, uncertainties, and other factors, many of which arebeyond the control of the Company. The reader is cautioned not toplace undue reliance on any forward-looking information. Suchinformation, although considered reasonable by management at the timeof preparation, may prove to be incorrect and actual results maydiffer materially from those anticipated. Forward-looking statementscontained in this news release are expressly qualified by thiscautionary statement. The forward-looking statements contained in thisnews release are made as of the date of this news release and theCompany disclaims any intention or obligation to update or revise suchinformation, except as required by applicable law.
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