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Atlantic Gold Corp.
Summary
| Project: | Cochrane Hill | |
|---|---|---|
| Deposit: | Cochrane Hill | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-2-2017: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Cochrane Hill deposit at the Cochrane Hill project. Drilling results incl. 16m @ 8.8g/t Au from 84m. Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") | |
| Resources: | (Resource): 4.5Mt @ 1.8g/t Au (Ind.) and 5.6Mt @ 1.6g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Wally Bucknell (Internal) | |
| ABSTRACT: | Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to report assay results received from an additional forty-one holes of the resource definition diamond drilling program being undertaken at its Cochrane Hill Gold Project in Nova Scotia, Canada and completion of phase one of the drill program. With 12,888 m in 89 holes having been drilled to the end of 2016 and all assay results received for the first phase of the program the second phase will commence in February 2017. The second phase drilling will focus on infilling the 400m gap between the completed step out drill holes and the previous drilling and extending the mineralization further west from 2775E. The objective of this diamond drilling program is to bring the resources at the Company’s Cochrane Hill deposit to measured and indicated status and thereby adding to the existing life of mine plan at MRC. These additional results continue to define a fairly discrete, tabular, 70o north-dipping zone of continuous disseminated mineralization having a true width of approximately 25m. New assay results from holes CH-16-111 (5m @ 2.80g/t from 38m) and CH-16-117 (6m @ 4.04g/t from 108m and 3m @ 8.03g/t from 170m) on previously reported step-out section (2775E) 400m west of most of the previously reported drilling enhance this shallower-than-expected position and direct potential for western extension. Mineralization also remains open at depth, notwithstanding economic parameters yet to be appropriately applied at the completion of this drilling campaign, and to a modest extent to the east from shallow intersections | |
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