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Atlantic Gold Corp.
Summary
| Project: | Cochrane Hill | |
|---|---|---|
| Deposit: | Cochrane Hill | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 21-7-2017: Atlantic Gold Corp. announces a Resource Estimation report for its Cochrane Hill deposit at the Cochrane Hill project. Upgraded mineral resource estimate at Cochrane Hill. Vancouver, British Columbia – Atlantic Gold Corporation (TSX-V: AGB) ("A | |
| Resources: | (Resource, M+I): 8.795Mt @ 1.32g/t Au for 373koz Au contained at project (0.5g/t Au cut-off) | |
| CP/QP: | [Resources]: Neil Schofield (Independent) | |
| ABSTRACT: | Vancouver, British Columbia – Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to announce updated Mineral Resource Estimates prepared in accordance with National Instrument 43-101 (“NI 43-101”) for its wholly-owned Fifteen Mile Stream and Cochrane Hill gold deposits. The previously announced resource definition drilling programs on 25m x 20m centres were completed in June with the objective of upgrading Mineral Resources to Measured and Indicated categories at both properties. The new resource estimates result in 398,000 oz. Au of Measured and Indicated resources at Cochrane Hill and the definition of 452,000 oz. Au of Measured and Indicated resources at Fifteen Mile Stream. Maryse Bélanger, COO, “The resource estimates at Fifteen Mile Stream and Cochrane Hill now provide the basis for a Pre-Feasibility Study to be completed in Q4 2017. The Company expects that these resources will contribute to Atlantic’s Nova Scotia production profile planned to commence with the Touquoy Deposit in September 2017. The next steps include finalizing metallurgical testwork, geotechnical investigations and optimizing the mining sequence and production scheduling for the Company’s existing Mineral Reserves and Mineral Resources in the region.” | |
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