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Atlantic Gold additional drill results at Fifteen Mile Stream and Cochrane Hill Gold Deposits

Mining News - Published on Wed, 23 Jan 2019

Image Source: Atlantic Gold Corporation
Atlantic Gold Corporation has provided an update of drill results for recently completed programs of diamond drilling which have confirmed extensions to mineralization defined by the Phase 3 Resource Definition drill programs, previously reported, at the Fifteen Mile Stream and Cochrane Hill Gold Deposits.

The Phase 3 Resource Expansion Drill Programs at Fifteen Mile Stream and Cochrane Hill Gold Deposits completed between September 2017 and February 2018 successfully identified additional gold mineralization immediately peripheral to previously defined mineral resources at both locations. Compilation and analysis of the results of these programs determined that in the Egerton-MacLean Zone at Fifteen Mile Stream and at Cochrane Hill there remained potential to extend the known mineralization.

Drill programs totaling 11,385m in 69 drill holes and 16,242m in 70 drill holes were completed at Fifteen Mile Stream and Cochrane Hill, respectively, between mid-September and mid-December 2018 to test interpreted extensions to the known resources.

The Fifteen Mile Stream Gold Deposit is located approximately 57km northeast of the central processing facility at the Moose River Consolidated Gold Mine. Fifteen Mile Stream's current Measured and Indicated Mineral Resources stand at 10.59 million tonnes at 1.33 g/t Au for 452,000 oz at a 0.35g/t Au cut-off grade. Inferred Mineral Resources amount to 6.64 million tonnes at 1.12 g/t Au for 240,000 oz at a 0.35g/t Au cut-off grade

The Phase 3 Resource Expansion diamond drilling program at Fifteen Mile Stream was completed at the end of February 2018 with a total of 221 holes and 24,325m drilled.

Source :

Posted By : Rabi Wangkhem on Wed, 23 Jan 2019
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