Posted in | Gold | Mining Business

Atacama Resources International Releases Old Todora Syndicate Assay Results for Gold Mining Properties in Northern Ontario

Atacama Resources International, a public company trading on the OTC exchange has published the 1930 Todora Syndicate diamond drilling results for the Atacama 1 property situated in the Eby and Otto Townships within the Larder Lake Mining Division.

In 1930, Todora diamond drilled seven holes on the Atacama 1 property but Atacama Resources only received the assay results in the latter half of 2018. Atacama 1 has twelve claims on 480 acres. Core samples for four of the holes produced gold concentrations of at least two ounces per ton. These are excellent results. However, Hole #6 assayed, at approximately 365 feet, a gold concentration of eight ounces per ton. This result is accordingly noted and Atacama Resources will commence wide-ranging exploration and development in and around Hole #6 in 2019.

It should be highlighted that the Atacama properties are situated less than five miles southwest of the new Kirkland Lake Gold, Ltd. Mining activities. Kirkland Lake Gold’s Micassa mine is considered one of the world’s highest grade gold mines.

Atacama Resources International is excited about the Todora diamond drilling assay results. The combination of the very positive gold concentrations found on the property and the proximity to the existing Micassa mine provide strong encouragement for Atacama to further develop the properties. The gold exploration activities in Kirkland Lake have taken on the appearance of a ‘gold rush.’ New drilling is taking place at near record levels and the Atacama 1, 2, and 3 properties are in the middle of all this activity.

Glenn Grant, CEO, Atacama Resources International.

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