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Additional information
Additional Information
Market: ASX
Sector: Gold Mining
Epic: ASX:ATU
News: Latest news
Web Site: Atlantic Gold
Other Articles: 03-12-200916-10-200902-07-2009

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Thursday March 18, 08:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Atlantic Gold

Atlantic Gold

Atlantic Gold NL is an Australian-listed gold exploration company (ASX code ATV). The company is focused on the exploration and development of the Touquoy Gold Project and the Cochrane Hill Gold Deposit in Nova Scotia, Canada.

Thursday, July 02, 2009

Atlantic Gold adds to potential open pit gold potential in Nova Scotia, Canada

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Encouraging assay results have been received by Canada focused Atlantic Gold (ASX: ATV) from Phase 2 drilling at Cochrane Hill Gold Project in Novia Scotia, Canada.

Sixteen diamond core holes were drilled in May and assay results for half of the drill holes have now been received, including:

- 24 m @ 8.0 g/t from 117 m depth,
- 27 m @ 3.1 g/t from 63 m and
- 38 m @ 1.68 g/t from 44 m.

The Cochrane Hill Gold Project is located only 80 km east of the Company’s Touquoy Gold Project.

Atlantic's stategy in Nova Scotia is interesting in that it believes that the goldfields have not been systematically explored.  Given the Atlantic already has over 1 million ounces of gold resources under its control in the Touquoy district provides evidence to support its strategy.

The objective is to to develop open pit gold deposits in Nova Scotia, the Touquoy Gold Project being the starting point.

Directors of Atlantic were the principals behind Plutonic Resources Limited, which discovered more than 11 Moz of gold and operated up to five gold mines.

Atlantic Gold holds a nominal 60% interest in the Touquoy Gold Project. An additional 15% interest can be acquired in the property outside the general area of the known resource by securing project financing.

Apart from developing the Touquoy Gold Project, Atlantic is undertaking exploration, both regional and near-mine, to build the resource base. The target for Atlantic is additional Touquoy style deposits.

Atlantic Gold has now drilled a total of 39 diamond holes for 3102 m as delineation of the Cochrane Hill gold deposit.  Completion of all resource delineation drilling, will enable an estimate of a full inventory of Measured and Indicated Resources and likely to expand the resource particularly at depth where the resource is open.

Current resource for Cochrane Hill is 10 million tonnes at 1.7 g/t gold for 547,000 contained ounces of indicated and inferred resource.  This is based on historic data.

Atlantic has an option agreement over the Cochrane Hill project with Scorpio Mining (TSX: SPM). Depending on expenditure incurred by Atlantic it will own either a 60% JV interest or 100%.

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