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Project: | Cochrane Hill | |
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Deposit: | Cochrane Hill | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 1/3/2017 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 3-1-2017: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Cochrane Hill deposit at the Cochrane Hill project. Drilling results incl. 30m @ 3.93g/t Au from 73m. 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 an additional thirteen holes of the resource definition diamond drilling program being undertaken at its Cochrane Hill Gold Project in Nova Scotia, Canada. Cochrane Hill is a key gold deposit located near the Company’s Moose River Consolidated (MRC) project with gold resources of 251,000 ounces of gold in 4.5 million tonnes @ 1.8 g/t in the Indicated category and 298,000 ounces of gold in 5.6 million tonnes @ 1.6 g/t in the Inferred category, but not yet included in the MRC life of mine plan. A 2014 Preliminary Economic Assessment entitled “NI 43-101 Technical Report Preliminary Economic Assessment Nova Scotia, Canada” dated October 14, 2014 indicated that both total life of mine gold production and annual production could be significantly increased at MRC. These results support and continue to define a fairly discrete, tabular, 70o north-dipping zone of disseminated mineralization having a true width of approximately 25m in this part of the deposit. Two drilling rigs have been deployed and have now ceased operations for 2016 with 12,888m in 89 holes having now been drilled as the first phase of the program. The final second phase of drilling will be completed in early 2017. | |
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