https://www.miningweekly.com

Atlantic Gold updates Fifteen Mile Stream, Cochrane Hill resource estimates

21st July 2017

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – TSX-V-listed Atlantic Gold has updated the compliant mineral resource estimates for its 100%-owned Fifteen Mile Stream and Cochrane Hill gold deposits, in Nova Scotia.

The company in June completed resource definition drilling programmes on 25 m x 20 m centres with the objective of upgrading resources to measured and indicated categories at both properties.

The new resource estimates resulted in 398 000 oz of gold, grading 1.16 g/t gold, held in 10.66-million tonnes in the combined measured and indicated categories at Cochrane Hill, as well as the definition of 452 000 oz of gold, grading 1.33 g/t gold, held in 10.59-million tonnes in the measured and indicated categories at Fifteen Mile Stream.

“The resource estimates at Fifteen Mile Stream and Cochrane Hill now provide the basis for a prefeasibility study to be completed in Q4 2017. The company expects that these resources will contribute to Atlantic’s Nova Scotia production profile planned to commence with the Touquoy deposit in September,” COO Maryse Bélanger stated in a press release.

The next steps include finalising metallurgical testwork, geotechnical investigations and optimising the mining sequence and production scheduling for the company’s existing mineral reserves and resources in the region, the company advised.

Atlantic currently holds four gold development projects in Nova Scotia, including the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits, as well as the Cochrane Hill and Fifteen Mile Stream deposits.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION