Atlas Lithium Corp (ATLX)

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Mineralization

Vaaldiam, the previous owner of this mining concession, and at that time a publicly-traded Canadian company, performed detailed geological studies leading to the publication of an NI 43-101 technical report in 2007, with an update in 2008, as required by the rules of the Canadian securities administrator and filed in SEDAR. The NI 43-101 report describes the existence of mineralized materials amounting to 1,639,200 cubic meters with the following concentrations: 0.16 carats of diamonds per cubic meter and 182 milligrams of gold per cubic meter. Vaaldiam also submitted a bankable feasibility study to the Brazilian mining department in accordance with local regulations.

The link to the resultant NI 43-101 is below. Keep in mind that the official study was done for only 7% of the Duas Barras total concession area. There is still a 93% chunk of the property that has not been officially assayed.

https://xmbl.files.wordpress.com/2014/07/duas-barras-ni-43-101.pdf

What the heck is NI 43-101? Read below:

https://en.wikipedia.org/wiki/National_Instrument_43-101

Excerpt from the BMIX NI 43-101: