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Atlantic Gold Corp.
Summary
| Project: | Moose River | |
|---|---|---|
| Deposit: | Fifteen Mile Stream | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-4-2017: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Fifteen Mile Stream deposit at the Moose River project. Drilling results incl. 8m @ 31.9g/t Au from 28m. Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Compa | |
| 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 21 holes of the resource definition diamond drilling program ongoing at its Fifteen Mile Stream Gold Project in Nova Scotia, Canada. Fifteen Mile Stream is a key gold deposit not yet included in the Life of Mine Plan (LOM) for the Moose River Consolidated (MRC) gold project which is currently under construction. The project has reached overall completion of 50% and is on target for start up in September 2017. Fifteen Mile Stream is located approximately 57km northeast of the central milling facility at Touquoy and accessible by highway. Fifteen Mile Stream’s current inferred mineral resources is 11.72 million tonnes at 1.55 g/t Au for 584,000 oz. Bringing the resource to the higher confidence level of measured and indicated status is an important next step to potentially adding to the existing life of mine plan at MRC. Two rigs are presently operating on the property with 118 holes for 11,560m of the planned 25,000m having been drilled to date. A mineral resource update is targeted for mid-2017 and an updated life of mine plan for MRC by Q3, 2017 around the time of production start up. | |
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