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Atlantic Gold Corp.
Summary
| Project: | Moose River | |
|---|---|---|
| Deposit: | Fifteen Mile Stream, Torquoy | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-12-2018: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Fifteen Mile Stream, Torquoy deposit at the Moose River project. Drilling results incl. 6m @ 6.25g/t Au from 43m. VANCOUVER, Dec. 5, 2018 /CNW/ - Atlantic Gold Corporat | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Douglas Currie (Internal) | |
| ABSTRACT: | VANCOUVER, Dec. 5, 2018 /CNW/ - Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to provide an update of initial results of resource delineation drilling programs at the Touquoy, Fifteen Mile Stream and Cochrane Hill Gold Deposits and progress of exploration of the Phase 4 Corridor Regional Program. Diamond drilling at the Touquoy Gold Deposit was undertaken during October and November, mainly focused on two areas to the south of the current pit outside the current resource model where information is sparse due to a previous lack of access for drilling. To the southwest of the pit, there was a large area of historic tailings, which have since been encapsulated in engineered cells within the existing tailings management facility, making this area available for drilling. To the southeast of the pit, removal of a drumlin (a mound of glacial till) in a clay pit has provided access to an area previously not drilled. In both these areas the target was the argillite geological package on the south-dipping limb of the anticlinal fold that hosts the ore zone at Touquoy, with the aim of extending known mineralization. Results to date are in line with expectations, showing continuity of grade in disseminated mineralization within the argillites, with isolated high grades in centimeter-wide veins within the surrounding greywackes. Significant drill results are included in Table 1. Further assays are pending. Several additional infill holes have been drilled to the north of the current pit, targeting argillites in the north limb of the Touquoy anticline, with the objective of increasing data density for resource estimation. Assays are still pending from these holes. | |
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