36 www.resourceworld.com
A P R I L / M A Y 2 0 1 9
MINING
ATLANTIC GOLD CORP. [AGB-TSXV;
SPVEF-OTC] reported more results for
its resource extension drilling program
at its 100%-owned Cochrane Hill gold
deposit 80 km from Touquoy, Nova Scotia.
Recently completed diamond drilling
continues to confirm extensions to the
mineralization defined by the Phase 3
resource definition drilling completed in
2018 and supports other recently pub
-
lished results from the program.
Cochrane Hill is about 80 km northeast
of the company's central processing facil-
ity at the Moose River consolidated gold
mine.
Generally, gold assays are distributed
evenly across the mineralized zones.
However, as in the case of drill hole CH-18-
317, several intersections do include single
metre assays with elevated gold values
(CH-18-317 includes a 1-metre assay of 466
g/t gold within a broader zone of 11 metres
averaging 43.65 g/t gold). These higher-
grade assays are frequently associated with
visible gold that occurs on the margins of
bedding-parallel quartz veins within the
argillite host rock.
Cochrane Hill's current measured and
indicated mineral resources stand at 10.66
million tonnes at 1.16 g/t gold for 398,000
ounces at a 0.35 g/t gold cut-off grade.
Inferred mineral resources are 1.63 million
tonnes at 1.32 g/t gold for 69,000 ounces at
a 0.35 g/t gold cut-off.
Atlantic Gold's Moose River
Consolidated Phase 1 open-pit gold mine
declared commercial production in March
2018 and its Phase 2 life-of-mine expan
-
sion will ramp up gold production to over
200,000 ounces per year.
Barkerville Gold Mines Ltd. [BGM-
TSXV; BGMZF-OTC; IWUB-FSE] reported
final drilling results from the 2018 Island
Mountain exploration and category con
-
version program at its flagship Cariboo
gold project near Wells in central British
Columbia and recent results from holes
drilled for metallurgical testing.
Recent highlights from the Island
Mountain Shaft Zone exploration and
delineation program include 9.72 g/t gold
Hot Assays
CONTINUING OUR ONGOING POSTINGS OF EXCELLENT
ASSAYS FROM SAMPLING AND DRILLING PROGRAMS,
HERE ARE MORE ENCOURAGING ASSAYS FROM
A VARIETY OF EXPLORATION PROGRAMS.
by Ellsworth Dickson
