Canada’s Newest Open Pit Gold Mine
Atlantic Gold Corporation is a well-financed, growth-oriented gold development group with a long-term strategy to create a mid-tier gold production group focused on manageable, executable projects in mining-friendly jurisdictions. Its board and management team, with extensive experience in geology, mining and mine development, process and metallurgy and project financing, is currently focused on the mining and development of its project portfolio of advanced gold development properties located in Nova Scotia, Canada.
The Moose River Consolidated Gold Mine (MRC) is Canada’s newest open pit gold mine with first gold pour and initial production announced October 2017. Phase 1 life of mine will produce 87,000 oz. gold / year over a minimum 8.5 year mine life at All-in Sustaining Costs of C$690/oz. (Please see NI 43-101 Technical Report Feasibility Study for Moose River Consolidated Project, Nova Scotia here).
Additional satellite deposits containing *850,000 oz’s measured & indicated within pit shells and 309,000 oz’s inferred , form the basis of a Phase 2 expansion currently under feasibility study and have potential to add significantly to life of mine production. (Please see Technical Report Moose River Consolidated Phase 2 Project, Nova Scotia, Canada here).
Recognition of disseminated style mineralization in recent years has changed the understanding of the potential of the region. Shale hosted mineralization previously overlooked combined with traditional quartz veins results in 50-100 m wide bulk mineable zones in open pit. The Region is underexplored for this deposit model.
Atlantic Gold is committed to the highest standards of environmental and social responsibility and continually invests in people and technology to manage risks, maximize outcomes and returns to all stakeholders.
*@ 0.35 g/t cut-off grade Cochrane Hill – 242,000 oz. (Measured), 156,000 oz. (Indicated) and 69,000 oz. (Inferred), Fifteen Mile Stream: 116,000 oz. (Measured), 336,000 oz. (Indicated) and 240,000 oz. (Inferred)*