Atlanta Gold Mine
Past producer with established NI 43-101 resource and upside potential
Underground and small-scale surface mining 1905-1966. Open pit mining by Standard Slag (1975-1985) recovered 110,000 oz Au and 800,000 oz Ag from 1.5M tons.
A GAME CHANGER AT ATLANTA
Vertical RC drill hole AT21-066 drilled from within the Atlanta pit encountered 54.9m grading 2.62 g/t Au starting at 3m depth.* The mineralized rock is oxide material and includes a high-grade intercept of 3m averaging 13.35 g/t Au from 51.8m to 54.8m.
The newly identified mineralization in AT21-066 is located within the confines of the Gustavson 2020 conceptual open pit but, importantly, is not currently included in the pit-constrained resource model. These results clearly demonstrate high-grade potential along the western margin of the historical Atlanta Mine open pit and show the possibility of increasing mineralized tonnage while decreasing strip ratio in a mining scenario.
Furthermore, this intercept ties the western margin of the Gustavson resource model (which is west of and 100-150m below the pit floor) to the at-surface surface mineralization within and around the pit, particularly in areas that had not been previously drilled.