INFILLING, AND IDENTIFYING EXTENSIONS TO KNOWN MINERALIZATIONAT COCHRANE HILL

NEW HIGH-GRADE ZONE DISCOVERED TO THE NORTH EAST BELOW PREVIOUS DRILLING –
OPEN AT DEPTH AND TO THE EAST

HIGHLIGHTS INCLUDE:

COCHRANE HILL:
13m @ 1.48g/t Au from 184m , then 21m @ 2.24g/t from 201m 29m @ 1.19g/t Au from 177m , then 9m @ 2.94g/t Au from 238m 7m @ 11.48g/t Au from 131m (incl 1m @ 76.7g/t from 131)

VANCOUVER , April 4, 2018 /CNW/ - Atlantic Gold Corporation (AGB.V) ("Atlantic" or the "Company") is pleased to report final assay results received from the Phase 3 Resource Expansion drilling program at the Cochrane Hill gold deposit.

As per previous news releases the objectives of the Phase 3 Resource Expansion drilling program at Cochrane Hill were to identify additional gold resources immediately peripheral to those resources previously defined and to upgrade inferred resources to measured and indicated categories.

Assay results from the Phase 3 Resource Expansion drilling program conducted concurrently at the Fifteen Mile Stream gold deposits have already been received and previously reported.    

The Cochrane Hill Gold deposit is located approximately 80km northeast of the central processing facility at Touquoy and is readily accessible by highway. Cochrane Hill's current measured and indicated mineral resources stand at 10.66 million tonnes at 1.16 g/t Au for 398,000 oz. at 0.35g/t cut-off grade.  Inferred mineral resources amount to 1.63 million tonnes at 1.32 g/t Au for 69,000 oz. at 0.35g/t cut-off grade (see Company announcement July 21, 2017 )¹.

The Phase 3 Resource Expansion drilling program at Cochrane Hill has been completed with 44 holes for 6,900m having been drilled. The Cochrane Hill deposit is a fairly predictable and continuous tabular body dipping about 70^o to the north with an average true width of approximately 15- 20m . These holes have been drilled on 25m x 20m centres to test for resource extensions of this body eastwards and at depth to the northeast.

Assay results have been received from the remaining eleven holes of this Phase 3 Resource Expansion drilling program.

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