Atlantic Gold Reports Additional Resource Drilling Results from the Cochrane Hill Gold Deposit Including Step-Out Holes to the West
- Highlights include: 18m @ 3.76 g/t from 61m and 27m @ 2.00 g/t from 45m - Step-out holes: 12m @ 2.25 g/t from 44m and 6m @ 11.5 g/t from 65m
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 11, 2017) -Atlantic Gold Corporation (TSX VENTURE:AGB) ("Atlantic" or the "Company") is pleased to report assay results received from an additional twenty-seven holes of the resource definition diamond drilling program being undertaken at its Cochrane Hill Gold Project in Nova Scotia, Canada. The objective of this diamond drilling program is to bring the resources at the Company's Cochrane Hill deposit to measured and indicated status and thereby adding to the existing mine life at MRC.
These results support and continue to define a fairly discrete, tabular, 70° north-dipping zone of disseminated mineralization having a true width of approximately 25m. Of particular note are assay results from a step-out section (2775E) 400m west of most of the previously reported drilling where hole CH-16-112 intersected 12m @ 2.25g/t from 44m and 6m @ 11.5g/t from 65m (includes 1m @ 57.0g/t). Although guidance to this zone was hinted from a single 1970s drill hole it is nevertheless shallower than the expected westward projection of the main body of mineralization previously drilled to the east. It remains open to the west.
With 12,888m in 89 holes having been drilled to the end of 2016 as the first phase of the program the second phase will commence in February 2017 and once all assays from the first phase have been received. The second phase drilling will focus on infilling the 400m gap between the completed step out drill holes and the previous drilling and extending the mineralization further west from 2775E.