Business
South Atlantic Gold Updates Phase II Exploration Program: Trenching Program Completed and Mineralization Extends Throughout Pedra Branca Trend
(TheNewswire) Kelowna, British Columbia – TheNewswire - ...
About this update from South Atlantic Gold, Inc.
[{"type":"text","content":"South Atlantic Gold Updates Phase II Exploration Program: Trenching Program Completed and Mineralization Extends Throughout Pedra Branca Trend\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n Kelowna, British Columbia –\n \n \n \n \n TheNewswire\n-\n \n \n \n \n May 6, 2022\n \n \n \n - SOUTH ATLANTIC GOLD INC.\n(TSXV:SAO)\n \n (“\n \n South Atlantic”\n \n or the\n“\n \n Company”\n \n ) announces the completion of the\ntrenching program of the Phase II exploration program at its Pedra\nBranca project, located in Cear\n \n á\n \n state,\nnortheastern Brazil. The trenching program assayed over 200\nmineralized intersections, including the highest grading intersection\nat surface identified so far with 3 meters (“m”) grading 38 grams\nper tonne (“g/t”) gold (“Au”)\n \n .\n \n \n \n The Relatório Final de Pesquisa (“RFP”) report was submitted to\nthe Agencia Nacional de Minera\n \n çã\n \n o (“ANM”),\nthe Brazilian mining agency, on time and in compliance with the\ndeadline as set by Brazilian mining regulations. In addition, the\nnorthern portion of the drone geophysical magnetic survey (news\nrelease dated April 8, 2022 and located\n \n \n here\n \n \n ) is on-going and the\nresults of this study should identify exploration targets to support\nthe exploration strategies with the goal of continuously adding\nmineral resources.\n \n \n \n Douglas Meirelles\n \n , CEO stated,\n \n “The Company has successfully completed all trenches for\nthe Phase II exploration program at Pedra Branca. The results have\narrived and are being reported as we work to consolidate the data. We\nhave now completed a major milestone and have filed all the final\nrequired exploration reports with ANM and expect that these 15\ntenements will be approved for the next phases in the process and will\nbe converted from exploration into mining concessions. As shown with\nthe Phase I exploration program, we continue to achieve our objectives\non time and on budget.”\n \n \n \n \n Trenching Program for ANM Final Exploration\nReport\n \n \n \n The required exploration schedule included a detailed trenching\nprogram that outlined 48 trenches totaling 9,880 meters and minimal\nsupportive RC drilling for each tenement. The program...