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Atlantic Gold Corp.
Summary
| Project: | Moose River | |
|---|---|---|
| Deposit: | 149 Deposit | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2019: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its 149 Deposit deposit at the Moose River project. Drilling results incl. 16m @ 1.12g/t Au from 57m. Vancouver, British Columbia – Atlantic Gold Corporation (TSX‐V: | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Douglas Currie (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – Atlantic Gold Corporation (TSX‐V: AGB) ("Atlantic" or the "Company") is pleased to announce the final results for the 2018 drill program at the 149 Deposit and other targets within the Corridor Regional Program. 149 Deposit The 149 Deposit was discovered by traverses of widely‐spaced diamond drilling testing the Moose River Corridor, a geologically prospective 45km trend underlain by the Moose River Formation, a unit composed of a sequence of folded argillite and greywacke which hosts the known gold mineralization at the company’s Touquoy Gold Deposit and future satellite development deposits at Beaver Dam and Fifteen Mile Stream. Encouraging initial results were followed‐up and shallow mineralization was intersected over a strike length of 350m (See News Release dated June 28, 2018). Additional infill drilling identified two zones of gold mineralization: a shallow, generally higher grade “Axis Zone” in the core of a tight anticlinal fold which dips 60‐75° to the north and a thicker, but lower grade, “Limb Zone” on the over‐turned limb of the anticline. The mineralized zones were extended to over 475m in strike length and were still open to the east (See News Release dated September 19, 2018). In November‐December 2018, additional drilling was completed to extend the higher grade “Axis Zone” to depth and to follow the “Limb Zone” closer to surface. A total of 2,497m of diamond drilling was completed in 21 drill holes. The mineralized zone has now been traced over approximately 500m, with closely spaced 25m fences of diamond drilling over a strike length of 300m between Section 14400E to 14700E and further wider spaced drilling which has intersected mineralization over an additional 200m to Section 14900E (See News Release dated January 22, 2019). Drill results have confirmed that the Axis Zone mineralization continues from surface to depths of approximately 125m vertical and remains open at depth. | |
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