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Atlantic Gold Corp.
Summary
| Project: | Moose River | |
|---|---|---|
| Deposit: | Plenty | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 25-1-2017: Atlantic Gold Corp. announces an Exploration/Drilling Update report for its Plenty deposit at the Moose River project. Drilling results incl. 13m @ 21.8g/t Au from 32m. Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is ple | |
| 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 the first eight holes drilled at its Plenty prospect in Nova Scotia, Canada. The Plenty prospect is located 300m south of the Company’s Fifteen Mile Stream deposit where diamond drilling is presently underway to bring the resources at that deposit to measured and indicated status, thereby adding to the existing mine life at the Company’s Moose River Consolidated Project. 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. Four diamond core holes were drilled on each of two sections 200m apart to investigate an east-west trend of modest historic mine workings. This target was drilled in the 1980s but sampling was exclusively focused on quartz veins and did not include disseminated-style mineralization identified at Fifteen Mile Stream. The mineralization trends east-west, dips steeply north and is hosted both within argillites and bedding-parallel quartz veins. Gold is visible in places. True width is approximately 65% of down-hole widths. Atlantic Gold Chairman and CEO Steven Dean commented, “These results support our view about the prospectivity of Nova Scotia’s Meguma Terrane. We see the potential for a number of new deposits along the key mineralising trends, which may add to potential resources and ultimately mill feed for our central mill at Touquoy currently under construction. It is significant that these high grade intercepts are hosted in both the argillites and quartz veins. We plan to follow up these holes with additional drilling to enable us to fully assess the potential to establish a mineral resource at Plenty.” | |
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