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Atlantic Gold Corp.
Summary
| Project: | Moose River | |
|---|---|---|
| Deposit: | Plenty | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 1-5-2017: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Plenty deposit at the Moose River project. Drilling results incl. 1m @ 46.5g/t Au from 92m. Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleas | |
| Resources: | (not mentioned in this report) | |
| 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 drilling programs on two gold deposits and a gold prospect: The Fifteen Mile Stream and Cochrane Hill deposits where resource definition drilling on 25m x 20m centres is underway with the objective of upgrading resources to measured and indicated categories, and at the Plenty prospect where previously reported high grade intersections are being drilled more systematically. 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”) processing facility by way of a Pre-Feasibility Study. The Plenty prospect is located 300m south of the Company’s Fifteen Mile Stream deposit. Plenty is one of several regional exploration targets selected for investigation, in parallel with Atlantic’s ongoing resource definition drilling at Cochrane Hill and Fifteen Mile Stream. The immediate prospect is defined by an east-west trend of small historic mine workings dating to the late 1800s. As elsewhere in the Meguma Terrane of Nova Scotia these old workings were developed exclusively on quartz veins though the current exploration model encompasses the medium grade halo of disseminated mineralization within the adjacent wall rocks. The new assay results reported here are from a further thirteen holes drilled on this property. In all, 21 holes for 2,272m have now been drilled by Atlantic on this prospect. At present the drilling rig has been deployed back to Fifteen Mile Stream and drilling will resume here once the current drilling campaigns at Fifteen Mile Stream and Cochrane Hill have been further advanced. | |
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