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Atlantic Gold Corp.
Summary
| Project: | Moose River | |
|---|---|---|
| Deposit: | Fifteen Mile Stream | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-9-2018: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Fifteen Mile Stream deposit at the Moose River project. Drilling results incl. 35m @ 0.93g/t Au from 168m. DIAMOND DRILLING CONTINUES TO TEST 45 KM PROSPECTIVE GEOLOGIC | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Douglas Currie (Internal) | |
| ABSTRACT: | DIAMOND DRILLING CONTINUES TO TEST 45 KM PROSPECTIVE GEOLOGICAL TREND OF MOOSE RIVER CORRIDOR RESOURCE EXTENSION DRILLING CONTINUING AT FIFTEEN MILE STREAM AND COCHRANE HILL DEVELOPMENT PROJECTS STAKING OF 5,653 CLAIMS 880 KM2 IN SOUTHWESTERN NOVASCOTIAINCREASES TOTAL EXPLORATION AREA TO OVER 1,200 KM2 VANCOUVER, Sept. 19, 2018 /CNW/ - Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to provide an update on its exploration activities and to announce assay results from diamond drilling completed at the 149 Prospect, located approximately 1 km east of the eastern limits of the Fifteen Mile Stream deposits, within the prospective Prioritized as part of the Corridor Regional Program based on favourable interpreted geological and geophysical information and historical anomalous drill hole results, the 149 Prospect was discovered by traverses of widely-spaced diamond drilling. Encouraging initial results were followed-up and near surface mineralization was intersected over a strike length of 350m (See News Release dated June 28, 2018). Additional infill drilling has now been completed and the zone of mineralization has been extended to over 475m in strike and is still open to the east. Two zones of gold mineralization have been intersected: a shallow, generally higher grade "core" zone which appears to be related to a tight anticlinal structure and a deeper, thicker, but lower grade, zone associated with the overturned limb of a higher-level overlying anticline. The mineralization appears to dip approximately 60-75° north, may be up to 25m in true thickness and is covered by a modest 5m glacial till cover. True width of the mineralization varies according to the dip of the host stratigraphy and declination of the relevant drill hole. Initial indications from drilling completed so far are that true widths of mineralized intersections range from 65% to 95% of down-hole widths. Additional drilling is required to extend the higher grade "core" zone to depth and to follow the deeper zone closer to surface. Aeromagnetic interpretation also indicates potential for similar geological settings to occur further to the east and further reconnaissance-spaced drilling is required to test these zones. Permitting has commenced to allow this work to proceed. Significant drill results are included in Table 1. | |
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