South Atlantic Gold announces new ongoing anomalies from an integrated geophysical drone survey

South Atlantic Gold Ink.

Kelowna, British Columbia – TheNewswire- June 28, 2022- SOUTH ATLANTIC GOLD INC. (TSXV: SAO) (“”South Atlantic ” or “Company”) Announces continued integration and interpretation of geological and geophysical data at the Pedra Branca project in Ceará A state in northeastern Brazil.The newly updated map shows the anomalies resulting from geophysical magnetic surveys and the 33 top sections from Phases I and II so far (click). here To display the map).

Douglas MailelsThe CEO said: “The potential scale and scale of the Pedra Branca project is expanding rapidly as exploration operations continue to be integrated and interpreted. The ongoing trend of mineralization is evident. News Release June 13, 2022 As highlighted in (click) here (To display), a new compelling target has been discovered, and this work forms the basis for the next phase of exploration of the mineral resource area, which remains open in all directions, including depth.

Meirelles continued“From now on, we will complete the integration of recent exploration results to better understand the structural control of gold mineralization, which will allow us to prioritize the best targets for future drilling. Yes, this approach is effective for district-scale assets such as Pedra Branca, which covers an area of ​​over 45,000 hectares and covers 60 km. “

Completed geophysics work

High-resolution geophysics flying over known mineralization areas exhibit unique magnetic features that extend beyond the limits of current resources defined by previously completed drilling. Integrating his new data with previous geological information will allow further refinement and prioritization of targets along the full range of control structure trends across the South Atlantic Nagaya package.

New strike length

Mineralization trend strike lengths in resources and key target areas continue to grow and are now 14 kilometers long. In addition, the exploration conducted in both Phase I and Phase II included excavations with an average depth of approximately 40 meters, so this trend is open laterally and throughout its extension. Open at depth.. The map below also highlights areas where exploration work is not taking place. 33 finest intercepts Released in a previous news release, it has not previously been shown on maps containing geophysical magnetic results.

Click on the image to see the full size

Qualified person’s statement

The scientific and technical information underlying some of this news release has been reviewed by Marcelo Antonio Batelochi (P.Geo.), MAUSIMM (CP), the company’s exploration manager, who is a qualified person as defined by NI43-. And approved. 101.

About South Atlantic Gold

South Atlantic Gold is an exploration company in the Americas engaged in the acquisition and advancement of minerals. Our flagship asset is the 100% owned Pedra Branca project, located 280 km southwest of Fortaleza, Ceará, Brazil. South Atlantic Gold focuses on creating value for shareholders by engaging in the development and acquisition of high quality mineral assets in jurisdictions suitable for stable mining. South Atlantic Gold is based in Kelowna, British Columbia and is listed on the TSX-V under the “SAO” symbol.

On behalf of the board

Douglas Meirelles, President and CEO

For more information on this news release, please contact:

Ann Height, Vice President, Investor Relations

T: 250-762-5777


Precautions regarding future prospects

This news release contains statements that make up “Forecast Information.” Such terms are used in applicable Canadian securities law... Information about such future prospects includes known and unknown risks, uncertainties, and other factors, such as our actual results, performance or performance, or industry development. Expected results expressed or implied by the outlook may differ materially from performance or performance. The information you are looking for. Information about future prospects is not historical facts, and is not always, but generally “expects,” “plans,” “expects,” “believes,” “intends,” and “estimates.” , Contains a description identified by the word “project”. “” May “and similar expressions, or their events or conditions” occur “,” occur “,” may “,” may “, or” need to occur ” ..

We believe that the forward-looking information contained in this news release is reasonable based on the information available as of this document, but by its very nature, forward-looking information is assumed. Includes known and unknown risks, uncertainties, and other factors that may cause actual consequences. , Level of activity, performance or outcome, or other future event shall be substantially different from future outcome, performance, or outcome expressed or implied by such forward-looking information. There is no guarantee that the underlying acquisition will not be completed as proposed or at all.

Examples of such assumptions, risks and uncertainties include, but are not limited to, assumptions, risks and uncertainties associated with general economic conditions. Covid-19 Pandemic; Industry Adverse Events; Receipt of Required Regulatory Approval and Timing of Such Approval. We maintain good relationships with the communities in which we do business or are proposing businesses, and maintain future legislative and regulatory developments in the mining sector. A company’s ability to access sufficient capital from internal and external sources, and / or a company that does not have sufficient capital access on favorable terms. Canada and general mining and markets. Ability to implement our business strategy. competition; The risk that any of the assumptions will prove valid or unreliable. This can result in delays or outages in planned work. Risks, geology, deposit grade and continuity, and consequences associated with the interpretation of the data may arise. Inconsistent with our expectations, as well as the risks and uncertainties of mineral exploration and development activities and other assumptions applicable to us, including those described in our public documents submitted to the SEDAR website. ..

The forward-looking information contained in this news release represents the company’s expectations as of the date of this news release and is therefore subject to change after that date. Readers should not overemphasize information about future prospects and should not rely on this information as of any other date. The company may choose, but does not promise to update this information at any particular time unless required by applicable law.

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