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Atlantic Gold Corp.
Summary
| Project: | Cochrane Hill | |
|---|---|---|
| Deposit: | Cochrane Hill | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2019: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Cochrane Hill deposit at the Cochrane Hill project. Drilling results incl. 11.0m @ 43.65g/t Au from 227m. VANCOUVER, Feb. 6, 2019 /CNW/ - Atlantic Gold Corporation (TSX- | |
| Resources: | (Resource): 10.66Mt @ 1.16g/t Au (M+I), 6.64Mt @ 1.12g/t Au (Inf.) at project | |
| CP/QP: | [Overall Report]: Douglas Currie (Internal) | |
| ABSTRACT: | VANCOUVER, Feb. 6, 2019 /CNW/ - Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to provide an update of results for its resource extension drilling program at Cochrane Hill Gold Deposit ("Cochrane Hill"). The recently completed diamond drilling at Cochrane Hill continues to confirm extensions to the mineralization defined by the Phase 3 Resource Definition drill program, completed earlier in 2018 and supports other recently published results from the program. Cochrane Hill is located approximately 80km northeast of the Company's central processing facility at the Moose River Consolidated Gold Mine. Cochrane Hill's current Measured and Indicated Mineral Resources stand at 10.66 million tonnes at 1.16 g/t Au for 398,000 oz. at a 0.35g/t Au cut-off grade. Inferred Mineral Resources amount to 1.63 million tonnes at 1.32 g/t Au for 69,000 oz. at a 0.35g/t Au cut-off grade (see the Company's announcement on January 29, 2018)1. The Phase 3 Resource Expansion drilling program at Cochrane Hill was completed in January 2018, with 44 holes for 6,900m having been drilled. The Cochrane Hill deposit is a fairly predictable and continuous tabular body dipping about 70 o to the north with an average true width of approximately 20 to 25m. Holes were drilled on 25m x 20m centers to test for resource extensions of this mineralization eastwards and at depth to the northeast. The results of this program were announced in prior news releases; however, these results were not included in the resource estimation referred to above (See Company announcements on March 15, 2018, and April 4, 2018). Particularly notable from the results of the Phase 3 drill program is a robust zone of mineralization over at least a 300m strike length (at approximately Section 3050E to 3350E) below the current pit design and about 180m vertically below surface. Mineralized intervals within this zone have a combined down-hole width per drill hole averaging 30m (true width of about 22m) and a weighted average grade of 2.75g/t Au. This zone was interpreted to be open at depth and to the east. It is also interpreted to have the potential to add high value ounces to further expand the current in-pit resource and potentially result in deepening of the relatively shallow pit designed in the January 2018 Pre-Feasibility Study which has a maximum vertical depth of 175m (See News Release dated January 29, 2018) | |
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