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Atlantic Gold Corp.
Summary
| Project: | Moose River | |
|---|---|---|
| Deposit: | Fifteen Mile Stream | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2018: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Fifteen Mile Stream deposit at the Moose River project. Drilling results incl. 20m @ 21.9g/t Au from 35m. VANCOUVER, Jan. 24, 2018 /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, Jan. 24, 2018 /CNW/ - Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to report further 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, 2017)1 . As per previous news releases the objectives of the Phase 3 Resource Expansion drilling program are to identify additional gold resources immediately peripheral to those resources previously defined at Fifteen Mile Stream and Cochrane Hill. At Cochrane Hill and at Fifteen Mile Stream – particularly at the Hudson and Plenty zones, upgrade previously defined inferred resources to measured and indicated categories, and seek additional new resources within the 350m gap between the Plenty and Egerton MacLean zones at Fifteen Mile Stream. 1The Mineral Resource estimate for Fifteen Mile Stream is quoted at a cut-off grade of 0.35g/t. It has an effective date of July 20, 2017 and was prepared as part of a technical report in accordance with NI 43-101 by Mr. Neil Schofield, a principal of FSSI (Australia) Pty Ltd, released on September 1, 2017 on SEDAR. | |
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