Tuesday 6th December 2016

Resource Clips


Posts tagged ‘Atacama Pacific Gold Corp (ATM)’

Atacama reports Chile Gold Assays including 1.78 g/t over 100m

April 3rd, 2012

Resource Clips - essential news on junior gold mining and junior silver miningAtacama Pacific Gold Corporation TSXV:ATM announced assays from its Cerro Maricunga project in Chile. Results include

0.5 g/t gold over 216 metres (including 1.41 g/t over 10 metres)
0.69 g/t over 98 metres (including 1.23 g/t over 22 metres)
1.78 g/t over 100 metres (including 3.26 g/t over 30 metres)
0.59 g/t over 154 metres (including 1.04 g/t over 18 metres)
0.78 g/t over 36 metres
0.61 g/t over 92 metres
0.56 g/t over 68 metres (including 1.32 g/t over 14 metres)
0.45 g/t over 222 metres

At a 0.3 g/t cut-off, the Cerro Maricunga project has an NI 43-101 resource estimate of 1.62 million ounces gold in the indicated category and 1.95 million ounces inferred.

View Company Profile

Contact:
Carl B. Hansen
President/CEO
416.861.8267

by Ted Niles

Atacama Pacific reports Chile Gold Assays up to 1.02 g/t over 144m

March 9th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningAtacama Pacific Gold Corporation TSXV:ATM announced drill results from its Cerro Maricunga project in Chile. Highlights include

0.71 g/t gold over 44 metres
0.78 g/t over 222 metres (including 1.02 g/t over 144 metres)
0.71 g/t over 94 metres (including 1.63 g/t over 16 metres)
0.69 g/t over 312 metres (including 1.29 g/t over 46 metres)
0.61 g/t over 102 metres
0.73 g/t over 30 metres
0.59 g/t over 58 metres
0.91 g/t over 60 metres
0.59 g/t over 154 metres (including 1.04 g/t over 18 metres)

President/CEO Carl Hansen commented, “The drill results are largely as anticipated with positive surprises at the Crux Zone such as the widening of the zone as well as the identification of a higher grade core of gold mineralization. Drilling continues to progress well with over 27,000 metres from the budgeted 42,000-metre Phase III campaign completed to date. The engineering scoping study is also progressing with a late Q2 delivery date anticipated.”

View Company Profile

Contact:
Carl B. Hansen
President/CEO
416.861.8267

by Ted Niles

Atacama Pacific reports Chile Gold Results including 1.54 g/t over 96m

January 17th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningAtacama Pacific Gold Corp TSXV:ATM announced assays from its Cerro Maricunga Gold Project in northern Chile. Results include

1.54 g/t gold over 96 metres
(including 2.39 g/t gold over 42 metres)
0.74 g/t over 126 metres
0.59 g/t over 86 metres
0.32 g/t over 140 metres
1.19 g/t over 30 metres
0.54 g/t over 62 metres
0.66 g/t over 36 metres
0.4 g/t over 62 metres

President/CEO Carl Hansen remarked, “The first drill results from our Phase III program are very encouraging and a step forward in achieving our stated goals of confirming and increasing the resource base of the Cerro Maricunga Oxide Gold Deposit. The initial results of the drill hole twinning program are promising. However, further work is necessary to verify whether diamond drilling consistently returns higher gold assays in comparison to RC drilling. With this in mind, we are presently sourcing another diamond drill rig to join the four diamond and two RC drill rigs presently drilling the Cerro Maricunga Deposit.”

View Company Profile

Contact:
Carl B. Hansen
President/CEO
416.861.8267

by Greg Klein

Atacama President Carl Hansen on Chile assays of 1.29 g/t gold over 30m

June 9th, 2011

“Cerro Maricunga is Atacama’s flagship property located in the Maricunga Belt. It’s a grassroots discovery made by Atacama about two years ago. We started our big, Phase 2 exploration program of 30,000 metres of drilling in the fall of 2010 and finished up a couple of months ago. Yesterday’s press release finalizes the issuance of the drill results.

“These drill results near the end of the season were hitting the margins of the deposit, just trying to get a feel for the contact area. There were only 22 holes. They were as we’d expected they’d be. Six holes were a step-out to test a parallel IP anomaly, but we didn’t have any joy with that. It’s not surprising. We had to try, but the signature wasn’t the same as the main trend. But it was worth a shot.

“We’ve gone fairly quickly from exploration straight to resource drilling. We drilled off a good portion of the deposit on 50-metre intersections; the core zones and areas just outside the core zones with the 100-metre intersections. We’ve drilled it off in preparation for the resource, which should be out in August this year.

We did 90 holes, and I’d say that 90% of those have returned significant intervals of gold mineralization. – Carl Hansen

“The main focus right now is the resource estimate. But, in addition to that, there’s a fair bit of attention being paid to metallurgical testing. We’re fairly comfortable that we have a significant volume of gold mineralization, but now we have to focus on the metallurgical side of it. We’ve just recently collected three tonnes of material as a bulk sample. That is being sent from Chile to Kappes, Cassidy and Associates in Reno, Nevada. You’ll see a flow of metallurgical news, basically just trying to optimize heap-leach size and recoveries.

“The company itself has the ability, and we have the staff to move it forward to production. That’s our focus, yes, 100%; we’ll be moving this to production. That said, everything is for sale, and we have to look at what’s best for the shareholders. If we are approached with an offer that creates value for all the shareholders, then we have the responsibility of exploring that. We’re open—as every company should be—but really our focus is getting into the engineering as soon as we can.

“Chile’s a great place. To me it’s Canada just turned on its axis and put down in South America. There’s a large middle class, very good rules, very mining friendly, and just a great democratic system. Chile’s where we’re very comfortable. We put our own money in Chile.

“Cerro Maricunga is a large, oxide deposit located in an established mining belt. In that sense, it has a lot of positives going for it. The fact that it is oxide, the fact that it is an area where infrastructure exists, the fact that it is an area where the majors are mining already. And so far we’ve been very successful in our drilling. We did 90 holes, and I’d say that 90% of those have returned significant intervals of gold mineralization. So we look at it as being a very positive, grassroots discovery. Let’s put it this way—typically you’d explore for a couple of years and move into engineering. After only one year of exploration, we’re moving into engineering.

“We have a steady flow of news going out, so we’re anxiously looking forward to getting our resource estimate and getting it out to the public.”

View Press Release Summary

View Company Profile

Atacama President Carl Hansen on Chile gold assays of 1.07 g/t over 96m

April 11th, 2011

“The company went public in November 2010; drilling started shortly thereafter. The property is located just south of La Coipa, which is a mine owned by Kinross. It’s in the Maracunga belt. It’s a large, volcanic, breccia-hosted oxide-associated gold deposit. So this is unlike the porphyry deposits in the region.

“We’ve been drilling fairly aggressively now through 27,000 metres, trying to push ahead on a resource estimate for Q3. We thought these assays were fairly good. Long intervals of remarkably consistent grade with higher grade cores: which is exactly what you’re looking for.

“The exploration program will wind up probably during April of this year with the onset of winter in the Andes. It’ll take us probably six to seven weeks to get all the assays in and get everything wound up. Then we will prepare a resource estimate for release in August. In October, we’ll start again with a Phase III drill program. We haven’t budgeted a number yet, but it will be larger than what we’re working on right now. Another item you’ll see is metallurgical test work continuing.

“The company has the ability to take the project to production. But we will, obviously, look at maximizing the value to shareholders, if the appropriate opportunity presents itself.

“Our assessment of the project is very positive. It’s a big oxide-gold project, in a very mining-friendly jurisdiction.”

View Press Release Summary

View Company Profile

Atacama reports Chile gold assays as high as 1.07 g/t Gold over 96m

April 8th, 2011

Atacama Pacific Gold Corporation TSXV:ATM announced assays from its Cerro Maricunga Project in Chile. Results include 0.6 g/t gold over 180 metres, 0.8 g/t over 156 metres (including 1.07 g/t over 96 metres), 0.67 g/t over 238 metres (including 1.1 g/t over 62 metres), 0.62 g/t over 224 metres (including 1.16 g/t over 30 metres) and 0.67 g/t over 126 metres (including 1.38 g/t over 14 metres).

President/CEO Carl Hansen tells ResourceClips.com, “The company went public in November 2010; drilling started shortly thereafter. The property is located just south of La Coipa, which is a mine owned by Kinross. It’s in the Maracunga belt. It’s a large, volcanic, breccia-hosted oxide-associated gold deposit. So this is unlike the porphyry deposits in the region.

“We’ve been drilling fairly aggressively now through 27,000 metres, trying to push ahead on a resource estimate for Q3. We thought these assays were fairly good. Long intervals of remarkably consistent grade with higher grade cores: which is exactly what you’re looking for.

“The exploration program will wind up probably during April of this year with the onset of winter in the Andes. It’ll take us probably six to seven weeks to get all the assays in and get everything wound up. Then we will prepare a resource estimate for release in August. In October, we’ll start again with a Phase III drill program. We haven’t budgeted a number yet, but it will be larger than what we’re working on right now. Another item you’ll see is metallurgical test work continuing.

“The company has the ability to take the project to production. But we will, obviously, look at maximizing the value to shareholders, if the appropriate opportunity presents itself.

Hansen concludes, “Our assessment of the project is very positive. It’s a big oxide-gold project, in a very mining-friendly jurisdiction.”

View Company Profile

Contact:
Carl B. Hansen
President/CEO
416.861.8267

by Ted Niles

Atacama reports Chile Gold Assays up to 0.96 g/t over 222m

February 23rd, 2011

Atacama Pacific Gold Corporation TSXV:ATM announced results from its Cerro Maricunga Gold Project in Chile. Assays include 0.96 g/t gold over 222 metres (including 1.46 g/t over 68 metres), 0.92 g/t over 88 metres (including 1.49 g/t over 28 metres) and 0.67 g/t over 26 metres.

President/CEO Carl Hansen said, “Drill hole CMD-026 is the deepest drilled to date at Cerro Maricunga and confirms the presence of a major oxidized gold system extending from surface to depths of 550 metres and remaining open to depth. Atacama Pacific has completed over 15,000 metres during the current drill program and, in light of the continued success, we are considering increasing the drill program to 25,000 metres. The Phase II program is scheduled to be completed by April 2011 and a resource estimate is anticipated during the third quarter.”

View Company Profile

Contact:
Carl B. Hansen
President/CEO
416.861.8267

by Ted Niles

Atacama reports Chile Gold Assays up to 0.57 g/t over 254m

February 18th, 2011

Atacama Pacific Gold Corporation TSXV:ATM announced drill results from its Cerro Maricunga Gold Project in Chile. Highlights include 0.79 g/t gold over 40 metres, 0.52 g/t over 18 metres, 0.53 g/t over 94 metres, 0.85 g/t over 36 metres, 0.77 g/t over 76 metres (including 1.13 g/t over 30 metres), 0.57 g/t over 254 metres, 0.55 g/t over 146 metres and 0.6 g/t over 208 metres (including 1 g/t over 44 metres).

President/CEO Carl Hansen commented, “We continue to be very pleased with the drill results from Cerro Maricunga, as they further establish the continuity of the large oxidized, breccia-hosted gold system extending over a strike of 2.5 kilometres and to depths in excess of 450 metres. Four drill rigs are presently operating on the property with two rigs targeting the 400 metre wide Phoenix Zone and the other two drills tracing the gold mineralization from the Lynx and Crux Zones towards the Phoenix Zone. We look forward to our initial resource estimation on Cerro Maricunga, planned for the third quarter of 2011.”

View Company Profile

Contact:
Carl B. Hansen
President/CEO
416.861.8267

by Ted Niles