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The Atlantis Project totals 13,675 hectares and covers a large ultramafic complex of potential mantle source, known as the St. Anthony Complex and White Hills Peridotite. The White Hills Peridotite and its underlying metamorphic rocks represent the basal portion of a partly eroded ophiolitic complex. The project consists of two ultramafic masses characterized by serpentinized peridotites, suggesting the potential for another large-scale ultramafic nickel system. Minimal historic work has been completed on the property, with notable assays reported by Cooper in 1937, including 54.05% Chromium (Cr2O3) at Long Pond and 0.37% Nickel at Southwest Direction Mountain.
The Atlantis Project benefits from excellent infrastructure, with Highway 430 and power lines running through the property claims. The project is located in northern Newfoundland near St. Anthony, with an airport approximately 15 km away. First Atlantic plans to complete a detailed data compilation program and preliminary sampling and mapping to follow up on the highly elevated nickel samples.
Additional media and information about the Atlantis Project available shortly.