PLANTATION, Fla., Jan. 08, 2019 (GLOBE NEWSWIRE) -- (OTC: ACRL) Atacama Resources International, a public company trading on the OTC exchange has released the 1930 Todora Syndicate diamond drilling results for the Atacama 1 property located in the Eby and Otto Townships within the Larder Lake Mining Division.
Todora diamond drilled seven holes on the Atacama 1 property in 1930 but Atacama Resources did not receive the assay results until late 2018. Atacama 1 consists of twelve claims on 480 acres. Core samples for four of the holes yielded gold concentrations of at least two (2) ounces per ton. These are very good results. However, Hole #6 assayed, at approximately 365 feet, a gold concentration of eight (8) ounces per ton. This result is duly noted and Atacama Resources will undertake extensive exploration and development in and around Hole #6 in 2019.
It should be emphasized that the Atacama properties are located 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 highest grade gold mines in the world.
Glenn Grant, CEO reported “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.” Adds Grant, “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.”
About Atacama Resources International (www.acrlintl.com)
Atacama Resources International is a publicly traded OTC company. The company has significant mining claims in the greater Kirkland Lake area of Northern Ontario. Metals and minerals under potential exploration include gold, silver, diamonds, graphite and cobalt. Major deposits of copper and iron ore are included in the mining claims.
Safe Harbor Statement
Certain information set forth in this news announcement may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Atacama Resources International. Such forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management beliefs and certain assumptions made by its management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.