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Atlantic Gold Corp.
Summary
| Project: | Cochrane Hill | |
|---|---|---|
| Deposit: | Cochrane Hill | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-5-2017: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Cochrane Hill deposit at the Cochrane Hill project. Drilling results incl. 5m @ 9.44g/t Au from 65m. Vancouver, British Columbia – Atlantic Gold Corporation (TSX-V: AGB | |
| 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: | Vancouver, British Columbia – Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to report assay results received from drilling programs on the Fifteen Mile Stream and Cochrane Hill gold deposits where resource definition drilling on 25m x 20m centres is underway with the objective of upgrading resources to measured and indicated categories. The Company plans to use the results from the drill programs to undertake further analysis to determine the economic viability of the above-noted deposits which would include analysis of the economics of processing these deposits at the Moose River Consolidated (“MRC”) processing facility by way of a Pre-Feasibility Study. The Cochrane Hill Gold deposit is located within trucking distance (approximately 80km) to the central milling facility at Touquoy and is readily accessible by highway (based on a Preliminary Economic Assessment dated October 14, 2014 prepared by Moose Mountain Technical Services). Mineral resources at Cochrane Hill currently comprise indicated resources of 4.5 million tonnes at 1.8g/t Au for 251,000 oz. and inferred resources of 5.6 million tonnes at 1.6 g/t Au for 298,000 oz. New assay results reported herein are from a further 29 holes of the resource definition diamond drilling program. This program was completed at the end of April with a total of 177 holes for 26,575m having been drilled. The latter phase of the program targeted potential extensions of mineralization to the west of the main body of mineralization within an area of shallow wetland where particular regulatory approval was required, and west of the step out holes on section 2775E across highway #7. | |
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