Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	ATV
Latest Price:	0.03 (0.00%)
52-week High:	0.05
52-week Low:	0.03
Market Cap:	16.43M

1 year chart

1 day chart

Atlantic Gold

Atlantic Gold (ASX: ATV) is focused on gold projects in Canada, and is currently exploring in the Nova Scotia goldfields.

Atlantic's main project is the Touquoy project, with the company holding in total an exploration land package of around 1340 square kilometres.

Atlantic Gold looks at merger option for Canadian gold assets

Thursday, December 03, 2009

Atlantic Gold NL (ASX: ATV) is investigating the potential listing through a merger of the Touquoy and Cochrane Hill Projects on the Toronto Stock Exchange (TSX).

The company has appointed Haywood Securities Inc to maximise shareholder value via a merger or other arrangement with a TSX listed entity, with similar exploration and development goals - and better access to financial and operational resources.

Recent modelling by Atlantic of the Touquoy and Cochrane Hill Gold Projects in Nova Scotia in Canada, indicated potential for total production of 920,000 ounces from two open pits over 10 years at US$500/oz cash cost. Total mineral resources were 1.2 million ounces.

Cochrane Hill is located 80 km east of Touquoy and about 110km by road. Atlantic may earn either 60% of Cochrane Hill or 80% depending on co-venturer’s election following Atlantic earn-in expenditure.

Atlantic Gold owns 60% of Touquoy, and may earn up to a 75% interest.

As part of the Touquoy Feasibility Study, Ausenco Limited was engaged to update and upgrade the Touquoy Engineering and Cost Study it undertook in June 2007 with completion expected prior to March 2010.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.