Atlanta Gold Inc. (TSX V: ATG) announces additional drill results from its shallow confirmation drilling program on its Atlanta property in Idaho.
Assay results for four holes (D10026E38, D10154E40, D10144E42 and D10144E44), of the 42 shallow confirmation holes totaling 8,282.4 metres drilled in this year's campaign. The highest gold value returned was 9.360 grams per tonne Au over 1.5 metres and four additional intersections returned values above 3.000 gpt Au. Assays from the first 19 shallow holes were previously announced in news releases dated July 22, August 19 and October 12, 2011 and assay results for the remainder of the holes are expected by November 30, 2010.
Hole D10026E38 was an exploration hole drilled in the Monarch area to test for splays, which were intersected at 163.1 to 164.9 and 249.3 to 269.4 metres. The best assays were contained in the Atlanta Shear between 303.3 to 322.5 metres.
Holes D10154E40, D10144E42 and D10144E44 are confirmation holes which were drilled in the East Extension. Hole D10154E40 had poor recovery and lower grade assays. Holes D10144E42 and D10144E44 have higher grade intercepts at 155.4 to 157.0 and 178.3 to 179.8 metres respectively, in the Atlanta Shear.
All assay results are length-weighted averages, weighting each assay interval according to the core length for that respective interval. All assay intervals above the cutoff grade of 0.686 gpt Au are included in the average. True widths of mineralization in these drill holes are not precisely known as there is insufficient drill hole density at this time to estimate true widths. True widths are estimated with trigonometric functions utilizing the inclination of the drill hole and the drilled length of the intercept. Each drill hole is oriented / angled from each side (i.e. north or south of the 9 to 37 metre wide Atlanta Shear Zone) to try to avoid underground workings. Where workings are intercepted and / or no core is recovered, grades of nil are assigned and those intervals of no value are separated from the weighted average grades.
The drill hole inventory to date represents detailed exploration of a small portion of the overall surface expression of the Atlanta Shear Zone on the property. Numerous other mineralized targets are evident, although they are less explored at this time.
The Company completed its 2010 drill program on November 4th after drilling 48 diamond drill holes totaling approximately 11,910.0 metres comprised of 42 shallow confirmation drill holes totaling 8,282.4 metres and 6 intermediate depth holes totaling 3,627.8 metres.
In this news release, all technical measurements are reported in metric units unless otherwise stated. Where such measurements were previously reported in Imperial units, they have been converted to metric based on the conversion factors shown below:
1 metre = 3.2808 feet
1 centimetre = 0.3937 inch
1 kilometre = 0.621371 miles
1 hectare = 2.471 acres
1 metric tonne = 1.1023 short (Imperial) tons
1 troy ounce = 31.1035 grams
Measure of Concentration
1 troy ounce per short (Imperial) ton = 34.2857 grams per metric tonne or 34.2857 parts per million
Quality Control and Assurance
Drill samples were handled and assayed in accordance with NI 43-101 standards. Assaying was done by Inspectorate America Corporation of Sparks, Nevada, U.S.A. Inspectorate is a well known international laboratory that has operated in Nevada for more than 10 years. Samples were 30-gram fire assays of split NQ-sized core (4.76 centimetres in diameter). The NQ diameter drill-core samples were split in half; one half was retained in its original core box and the second half was sent to Inspectorate. Quality control and assurance of the analytical results is maintained by inserting standards, blanks, and duplicates into the sample run, for approximately every twenty samples at the project site.
Information of a technical nature in this news release regarding the Atlanta gold project has been reviewed by William (Bill) L. Josey who is a designated "Qualified Person" under NI 43-101. Mr. Josey is a registered professional geologist in the State of Arizona.
Source: Atlanta Gold Inc.