Atlas Lithium Corporation is pleased to announce a new mineralized shallow pegmatite discovery as a result of step-out drilling west of the Company's flagship 2.3-kilometer Anitta pegmatite trend. This new lithium-bearing spodumene area has been named Anitta 4 and is located within the Neves Project, a cluster of four lithium mineral rights that are part of Atlas Lithium's 100%-owned Minas Gerais Lithium Project (“MGLP”) in Brazil's Lithium Valley, an established hard-rock lithium producing jurisdiction.
This new discovery yielded visually identifiable mineralized spodumene intersects with coarse, large crystals consistent with what is generally considered to be high-quality for processing to produce lithium concentrate. Further exploration will focus on resource delineation of Anitta 4 which is open to the north, to the south, and at depth as the ore body is believed by our geology team to represent a larger trend, consistent with regional geology characteristics seen to date.
In Anitta 4, drill hole DHAB-290 intersected mineralized spodumene starting at 170 meters depth with a cumulative spodumene intersect length of 43.65 meters. Drill hole DHAB-289 yielded a cumulative total of 18.65 meters of mineralized spodumene starting at only 70 meters depth. For the above intersects, assays are pending.
Marc Fogassa, Atlas Lithium's CEO and Chairman, commented, "I'm thrilled that our efforts have identified Anitta 4, a new spodumene-bearing zone within the Neves Project. The results so far indicate it to be another mineralized zone sufficiently close to the surface and therefore potentially amenable to open pit mining.”
Nick Rowley, VP of Business Development, added, “The announcement today is yet another important step in expanding resources that can be mined economically. Our goal is to become a low-cost, high-quality lithium concentrate producer by mid-2025."