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Atlantic Gold Corp.
Summary
| Project: | Fifteen Mile Stream | |
|---|---|---|
| Deposit: | Fifteen Mile Stream | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-6-2017: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Fifteen Mile Stream deposit at the Fifteen Mile Stream project. Drilling results incl. 54m @ 88g/t Au from 91m. Vancouver, British Columbia – Atlantic Gold Corporation | |
| Resources: | (Resource, Inf.): 11.72Mt @ 1.55g/t Au for 584000oz Au contained at project | |
| CP/QP: | [Overall Report]: Wally Bucknell (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – Atlantic Gold Corporation (TSX‐V: AGB) ("Atlantic" or the "Company") is pleased to report final assay results received from core drilling programs on the Fifteen Mile Stream and Cochrane Hill gold deposits where resource definition drilling on 25m x 20m centres has been undertaken with the objective of upgrading resources to measured and indicated categories. At Fifteen Mile Stream assay results through the core of the anticline in the Egerton MacLean zone continue to return notable intersections in terms of grade, width and relatively shallow depth. Across a 350m strike length (13200E to 13550E) almost forty, one‐metre samples, have recorded assays in excess of 20g/t, the bulk of these being included in longer mineralized intervals (ie. not isolated). Of these, six are in excess of 100g/t and two in excess of 1000g/t. High grades are an inherent feature of this part of the deposit. In the central part of Cochrane Hill (3100E to 3400E) attractive intersections on the lowest tier holes indicate mineralization to still be open at depth (eg. holes CH‐17‐204 (31m @ 4.2g/t from 176m), CH‐17‐212 (22m @ 2.94g/t from 168m), CH‐17‐218 (6m @ 14.1g/t from 172m) and CH‐ 17‐220 (4m @ 9.1g/t from 120m). The Company plans to use the results from the drill programs to undertake further analysis to determine the economic viability of the above‐noted deposits which would include analysis of the economics of processing these deposits at the Moose River Consolidated (“MRC”) milling facility by way of a Pre‐Feasibility Study. | |
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