Atlantic Gold Reports Additional Results From the Resource Definition Drill Programs at Fifteen Mile Stream and Cochrane Hill, and From Further Exploration Drilling at the Plenty Prospect
HIGHLIGHTS INCLUDE: Fifteen Mile Stream: 49m @ 2.37 g/t from 24m, 17m @ 3.49g/t from 60m, 24m @ 1.65 g/t from 35m Cochrane Hill: 16m @ 3.48 g/t from 51m, 6m @ 7.00g/t from 47m, 16m @ 1.63g/t from 77m, 17m @ 1.90 g/t from 202m Plenty: 5m @ 5.68 g/t from 34m, 4m @ 4.97g/t from 14m, 13m @ 1.96 g/t from 95m and 3m @ 14.12g/t from 51m
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2017) -Atlantic Gold Corporation (TSX VENTURE: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.
New assay results from the three drilling programs are reported as follows: