INFILLING, AND IDENTIFYING EXTENSIONS TO KNOWN MINERALIZATION AT FIFTEEN MILE STREAM AND COCHRANE HILL
HIGHLIGHTS INCLUDE:FMS - PLENTY:
13m @ 3.03g/t Au from 30m (incl 1m @ 21.5g/t Au) 11m @ 5.92g/t Au from 114m (incl 1m @ 61.2g/t Au) 8m @ 12.84g/t Au from 132m (incl 1m @ 88.7g/t Au)
COCHRANE HILL:
6m @ 9.77g/t Au from 70m (incl 1m @ 22.0g/t Au) 5m @ 8.08g/t Au from 133m (incl 1m @ 22.60g/t Au) 16m @ 1.70g/t Au from 114m , then 1m @ 22.8g/t Au from 137m , 1m @ 33.9g/t Au from 152m and 1m @ 50.6g/t Au from158m.
VANCOUVER , Feb. 22, 2018 /CNW/ - Atlantic Gold Corporation (AGB.V) ("Atlantic" or the "Company") is pleased to report further assay results received from the Phase 3 Resource Expansion drilling program at the Fifteen Mile Stream gold deposit and first assay results from the Cochrane Hill gold deposit.
As per previous news releases the objectives of the Phase 3 Resource Expansion drilling program are (i) to identify additional gold resources immediately peripheral to those resources previously defined at Fifteen Mile Stream and Cochrane Hill, (ii) at Cochrane Hill and at Fifteen Mile Stream – particularly at the Hudson and Plenty zones, to upgrade previously defined inferred resources to measured and indicated categories, and (iii) to seek additional new resources within the 350m gap between the Plenty and Egerton MacLean zones at Fifteen Mile Stream.
1. FIFTEEN MILE STREAM
Fifteen Mile Stream is located approximately 57km northeast of the central processing facility at Touquoy and is readily accessible by highway. 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 0.35g/t cut-off grade. Inferred mineral resources amount to 6.64 million tonnes at 1.12 g/t Au for 240,000 oz. at 0.35g/t cut-off grade (see Company announcement July 21, 2017 )1.
The remainder of the Phase 3 Resource Expansion drilling program to be undertaken at Fifteen Mile Stream in 2018 has now been completed with 36 holes for 3,325m having been drilled. This brings the total Phase 3 Resource Expansion drilling program completed at Fifteen Mile Stream to 221 holes for 24,325m . Holes have generally been drilled on 25m x 20m centres, although for the first-pass drilling along the 350m gap between Plenty and Egerton MacLean holes have been drilled on 50m -spaced sections.
Assay results have now been received from a further 45 holes, with about 80% of all assays expected from this program having now been received. At Plenty, infill and step-out drilling westwards from earlier drilling on 25m -spaced sections continues to outline a steep, northerly dipping, tabular zone of gold mineralization over more than 400m strike length, frequently represented by wide intervals of moderate grade material enhanced by high grade, single sample ( 1m ) mineralization (eg. the three highlighted intervals above). At this time mineralization appears to be more vein-hosted than that along the hinge of the Fifteen Mile Stream anticline at Hudson and Egerton MacLean just to the north and it's possible that plunging high grade shoots are present.
Assays reported here from Egerton MacLean and Hudson , the eastern and western deposits respectively along the Fifteen Mile Stream anticline, are from widely distributed positions infilling and testing the peripheries of these deposits as presently known on 25m -spaced sections. While fairly well defined mineralized zones continue to persist, drill information appears to be approaching the lateral limits of these two deposits, as presently understood.
First-pass drilling further east from Plenty on 50m -spaced sections in the hitherto un-drilled gap between Plenty and Egerton MacLean continues to encounter encouraging shallow mineralization possibly offset to the north of the eastern projection of the Plenty mineralization.
The accompanying cross sections and drilling progress plan can be viewed here:
Fifteen Mile Streem Gold Project Drill Hole Plan
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