Atco Mining Inc. announced that its contracted consultant partners, RESPEC Consulting, has completed an analysis of the previously announced 2-D seismic interpretation on its Flat Bay Salt Project, located in Southwestern Newfoundland. RESPEC located at least one salt structure prospective for halite exploration, the mineral form of sodium chloride or road salt, and potentially suitable for hydrogen salt dome cavern development. The gravity and 2D seismic data show the potential presence of a salt structure within the project boundary; the maximum thickness of the salt structure is identified to be approximately 1,700 metres within the Flat Bay Project site.

Based on the depth and thickness of the salt strata identified from the gravity and 2D seismic surveys, hydrogen storage salt caverns exceeding a storage volume of 2 million square meters could potentially be developed within the property. RESPEC is currently working on building a 3D geological model of the salt structure from the gravity and 2D geological data. The 3D model will be used for the following: (1) the placement of future core well locations; (2) defining the dimensions of the salt structure; (3) estimating the potential number of salt caverns that could be developed within the property; (4) estimating the potential amount of hydrogen that could be stored in salt caverns in the project area.

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