PLANTATION, FL--(Marketwired - Nov 9, 2017) - (
The survey was conducted with state of the art magnetometers and over 21,000 magnetometer samples were taken. The results of the survey indicate multiple areas where further prospecting for the presence of gold is recommended. The magnetic signature indicates the presence of at least four magnetic units or 'hot spots' that indicate magnetically elevated areas. These most likely represent intrusive bodies that may produce favorable alteration. One hot spot appears as a moderately stronger magnetic signature indicating that the intense signature may be related to a possible shallow south dipping magnetic unit. The most interesting hot spot appears as a north-south offset intersecting a magnetically elevated linear feature indicating that an alteration has occurred resulting in the destruction of magnetite. The report recommends that the company focus on this area.
The final processing and validation of the survey results were made by Jason Ploeger, a professional geophysicist and a practicing member of the Association of Professional Geoscientists.
It should be emphasized that the Atacama 2 property is located less than four miles southwest of the Kirkland Lake Gold, Inc. southern mine. Kirkland Lake Gold reported Q3 2017 total gold production of 139,091 ounces which is 80% higher than Q3 2016. 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 results of the survey. The magnetic signatures in at least four areas on our properties indicate geological conditions suitable for finding gold. The combination of appropriate geophysical results on the property and the proximity to the existing Micassa mine make it almost mandatory that Atacama Resources further develop the properties."
"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," added Grant.
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. The company owns a subsidiary called Good2Drive, Inc. which is in the smartphone app business. Good2Drive and Fit4Duty are apps that have been released.
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.
Atacama Resources International, Inc