ATLANTA GOLD CORP. (TSE:AAG) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ATLANTA GOLD CORP. (TSE:AAG)

TWG 3.600

-1.2%

1:15 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: burner who wrote (60)	11/29/1996 3:35:00 PM
From: burner	of 495

ATLANTIANS! 12:30 PST NEWS RELEASE ------------------------------------------------------------------------------- Atlanta Gold Corporation - News Release Indonesian property to be acquired Atlanta Gold Corporation AAG Shares issued 17,981,679 Nov 28 close $0.60 Fri 29 Nov 96 News Release Also Voisey Bay Resources Inc (VSY) Mr Karl Rollke reports The company has entered into an agreement to acquire an 80% interest in the 10,790ha Tanjung Sakti property in South Sumatra, Indonesia. The remaining 20% interest is held by Indotan Inc of Bermuda and PT Puripermata Megah of Indonesia. Based on previous geological investigation by a major mining company, it is believed that the strongest anomaly on the South Sumatra - West Java gold belt is on this property. This region hosts other gold deposits such as Lebong Donok, Lebong Tandal (2 million oz gold) and Gunung Pongkor gold mine which contains reserves exceeding 3 million oz gold at a grade of 17.1 g/t gold. Previous work has identified promising targets within the Tanjung Sakti concession. Preliminary geological mapping and outcrop sampling has returned samples up to 52.0 g/t gold. Structurally controlled epithermal gold mineralization, occurring as quartz veins and stockwork veins within alteration zones have been recognized. Gold mineralization is also associated with broad zones of alteration with intrusive bodies. The vein systems are being actively worked on by local miners. The target for this concession is a large tonnage open pittable resource associated with altered intrusive bodies within the concession. Field work is being immediately planned with the objective to advance targets to drill status by the first quarter of 1997. Voisey Bay Resources will participate equally with the company in the Tanjung Sakti property. (c) Copyright 1996 Canjex Publishing Ltd. canada-stockwatch.com ------------------------------------------------------------------------------------------- Dan I'll post on VSY thread also.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next