Atacama Resources Announces Results of Magnetic and VLF-EM Surveys on Atacama 3 Property
November 27, 2019 at 09:15 am EST
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Atacama Resources International, Inc. announced the completion of a comprehensive geophysical report outlining the results of recent magnetic and VLF-EM surveys on the Atacama 3 property. A total field magnetic survey was completed in conjunction with a VLF-EM survey over a 25 kilometer grid on the Atacama 3 property which is located 3 kilometers south of Kirkland Lake Gold’s Macassa mine expansion in the Townships of Otto and Teck of the Larder Lake Mining Division in northeastern Ontario. The surveys captured the Otto Stock in the northeast section of the grid area while OGS chip sampling of 12 malachite stained lamprophyre returned anomalous values for gold, platinum and palladium. The VLF-EM survey outlined three conductors cross cutting the stock in the northeast section of the grid and of particular interest are the two secondary cross structures striking northeast across the entire grid and continuing off of the grid to the northeast. The main Kirkland Lake Break and Larder Lake Break lie to the immediate north of the Atacama 3 property which may add more significance to these structures should they prove to intersect either main break. The strike of this cross structure, if traceable further to the north-northeast, may put it in close proximity to developments happening north of Atacama 3’s north boundary which is held by Kirkland Lake Gold. These types of splay faults could be conduits for gold mobilization from major faults. The initial magnetic and VLF-EM surveys outlined the expected geological environment of the grid area. The Otto Stock is well defined along with the major fault structure referred to as the Amikougami Fault. Of particular interest are the two parallel secondary fault structures that strike northeast to southwest across the survey area. These cross structures could emanate from the main Amikougami Fault and appear to control the majority of the VLF conductors as well as defining some of the offsets in the magnetic highs.
Atacama Resources International, Inc. is a mineral exploration company with mining claims in the greater Kirkland Lake area of Northern Ontario. Metals and minerals under potential exploration include gold, silver, lithium, graphite, and cobalt. The Companyâs Ontario properties include Heighington Lithium Property, Atakokan Lithium Property, Carbonatite Properties, Tannahill Gold Property, Atacama 3 Property, Golden Eagle Property, and Cabo Cobalt/Diamond Property. The Heighington Lithium Property consists of 12 units located north of Cochrane. The Companyâs Atakokan Lithium Property consists of two units situated to the east of Atikokan with a section of the transcanada highway cutting across the northwest section of the claim block. The Carbonatite Properties consist of about 35 units that cover a significant portion of a massive Alkalic Intrusive unit with Carbonatite. Tannahill Gold Property consists of 29 claim units located to the northeast of the Kirkland Lake Gold camp.