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Atlantic Gold Corp.
Summary
| Project: | GK | |
|---|---|---|
| Deposit: | GK | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 8/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-8-2019: Atlantic Gold Corp. announces a Supporting Acquisition report for its GK deposit at the GK project. Summary of property in support of acquisition. The GK Project (the “Project”) is located at latitude 57°55'N and longitude 131°25'W on NTS map s | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jean Pautler (JP Exploration Services Inc.) | |
| ABSTRACT: | The GK Project (the “Project”) is located at latitude 57°55'N and longitude 131°25'W on NTS map sheets 104G/13 & 14 and 104J/03 & 04, approximately 17 km west of the community of Telegraph Creek, northwestern British Columbia. Telegraph Creek lies approximately 113 km by road southwest of Dease Lake, British Columbia. The 27,458 hectare Project comprises 36 contiguous mineral tenures within the Liard Mining Division, which are 100% owned by Strategic Metals Ltd. (“Strategic“) of Vancouver, British Columbia, subject to an option agreement with 1193490 BC Ltd. This report was prepared to comply with 1193490 BC Ltd.’s obligations pursuant to NI 43-101. Road access exists across the extreme southeastern Project area, but helicopter access, available in Dease Lake, is required to access the main showings on the property. Regionally the GK Project is situated within Stikinia, a predominantly intra-oceanic island arc terrane accreted to ancestral North America in the Early Mesozoic. Stikinia hosts numerous porphyry-type copper-gold occurrences, specifically in areas where Triassic and Lower Jurassic silica saturated plutons have intruded coeval oceanic island arcs. Examples of such alkalic porphyries in the regional area of the GK Project include the Red Chris mine, the Galore Creek deposit, and the Sheslay occurrences and the region also includes calc-alkalic porphyry-type copper-gold deposits such as Schaft Creek, GJ and KSM. Gold rich deposits such as Brucejack, Premier, Snip, Johnny Mountain, and Spectrum also occur within the area primarily as veins, stockworks and lesser breccias associated with the Late Triassic and Early Jurassic intrusive suites within the Golden Triangle of northwest Stikinia. Deposits are typically Early Jurassic in age. In addition an Early Jurassic age is inferred for the disseminated, limestone hosted, pastproducing Golden Bear gold mine located 55 km northwest of the Project. Mineralization on the abovementioned occurrences is not necessarily indicative of the mineralization on the GK Project, which is the subject of this report. | |
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