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Atlantic Gold Corp.
Summary
| Project: | Moose River | |
|---|---|---|
| Deposit: | Fifteen Mile Stream | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 20-12-2017: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Fifteen Mile Stream deposit at the Moose River project. Drilling results incl. 4m @ 7.27g/t Au from 19m. VANCOUVER, Dec. 20, 2017 /CNW/ - Atlantic Gold Corporation (TS | |
| Resources: | (Resource, M+I): 10.59Mt @ 1.33g/t Au for 452Koz Au contained | |
| CP/QP: | [Overall Report]: Wally Bucknell (Internal) | |
| ABSTRACT: | VANCOUVER, Dec. 20, 2017 /CNW/ - Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to report the first assay results received from the Phase 3 Resource Expansion drilling program at the Fifteen Mile Stream gold deposit. Fifteen Mile Stream is located approximately 57km northeast of the central processing facility at Touquoy and is readily accessible by highway. Fifteen Mile Stream's current measured and indicated mineral resources stand at 10.59 million tonnes at 1.33 g/t Au for 452,000 oz. at 0.35g/t cut-off grade. Inferred mineral resources amount to 6.64 million tonnes at 1.12 g/t Au for 240,000 oz. at 0.35g/t cut-off grade (see Company announcement July 21, 20171 ). At the present time a total of 178 holes for 20,053m have been drilled at Fifteen Mile Stream and 44 holes for 6,903m have been drilled at Cochrane Hill. While the planned program at Cochrane Hill has been completed, some 6,000m of planned and likely follow-up drilling remains to be undertaken at Fifteen Mile Stream, mainly on the Plenty zone. Holes are nominally drilled on 25m x 20m centres, though as firstpass drilling along the 350m gap between Plenty and Egerton MacLean holes have been drilled on 50mspaced sections. Assay results have now been received from 28 holes, all from Fifteen Mile Stream, and representing about 13% of all assays expected; no assays have yet been returned for Cochrane Hill. | |
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