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Atlantic Gold Corp.
Summary
| Project: | Moose River | |
|---|---|---|
| Deposit: | Fifteen Mile Stream | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-3-2017: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Fifteen Mile Stream deposit at the Moose River project. Drilling results incl. 20m @ 3.35g/t Au from 68m. Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Com | |
| Resources: | (Resource, Inf.): 11.72Mt @ 1.55g/t Au for 584000oz Au contained at project | |
| 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 a further 34 holes of the resource definition diamond drilling program being undertaken at its Fifteen Mile Stream Gold Project in Nova Scotia, Canada. A single rig is presently drilling on the property with 110 holes for 10,220m of the planned 25,000m having been drilled to date. The objective of this program is to bring the resources at the Company’s Fifteen Mile Stream deposit to measured and indicated status and thereby adding to the existing life of mine plan at MRC. As previously reported these results continue to reflect those grades, widths and disposition of gold mineralization documented from the 1980s and 2011 drilling programs, and which underpin the current inferred resource estimate for Fifteen Mile Stream (see below). Mineralization occurs within argillites, greywackes and bedding-parallel quartz veins across the hinge zone and limbs of the E-W trending Fifteen Mile Stream (FMS) Anticline. The northern limb of the anticline dips moderately north, with the southern limb vertical to overturned (generally steeply north dipping). All holes are therefore declined to the south and hence true widths vary (see assay table below) depending on which limb of the anticline is intersected, and also depending on hole declination. Free gold is commonly observed, and in association with pyrrhotite and arsenopyrite. | |
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