100+ Year Salt Project.
Great Atlantic Salt Deposit Highlights:
- 1.4 billion tonnes grading 95.6% NaCl
- (NI 43-101 independently verified Inferred resource)
- Resource modelling based on previous drilling indicates a “tremendous continuity” of the salt resource with average thickness of 200 m to 250 m
- Distance to the top of the salt formation varies from 200 m to 400 m
We're building a Salt Factory.
- RMK envisions an environmentally friendly, low-cost operation; the first new salt “factory” in Atlantic Canada in 60 years
- Bankable Feasibility Study includes near-term additional drilling which will determine most effective mining method (ramp/decline or shaft)
- Homogeneous deposit with limited geological and development risks – no metallurgical or chemical processing issues typical with precious metal/base metal mines
- Simple physical processing – mine, crush, screen, and load – in a very favorable jurisdiction that’s eager to push additional industrial development
NI 43-101 Resource Estimate
|NaCl lower cut-off (%)||Volume (M3)||Tonnes (million)||Density (kg/m3||NaCl (%)||Tonnes in-situ (million)|
Incline Slope Salt Extraction
Salt mines are among the safest of mines. They are also the most comfortable to work in. While mine temperature varies with depth, the average temperature remains about 70° F year round.
Continuous mining produces smaller lumps of rock using a machine similar to the one used for building tunnels. It bores into the salt extracting lumps that are then crushed into smaller pieces.
A salt mine is a valuable long term stream of cash flow, many mines exceeding 50 years of production. Our proposed mine also has the environmental benefits of providing the regional market with the ability to “buy local” and displace long distance imports.