Welcome to our dedicated page for Atacama Resource news (Ticker: ACRL), a resource for investors and traders seeking the latest updates and insights on Atacama Resource stock.
Atacama Resources International Inc. (ACRL) is an OTC Pink mineral exploration company with significant mining claims in the greater Kirkland Lake area of Northern Ontario. Its news flow centers on exploration updates, technical results, and corporate developments related to gold and other minerals, including lithium, graphite, cobalt, silver, and diamonds.
A major theme in Atacama’s recent news is the Tannahill Gold Property, a high-priority project in the Abitibi Greenstone Belt northeast of Kirkland Lake. The company has reported on geophysical surveys, a multi-hole drilling campaign, and assay results that confirm gold mineralization and highlight base metal potential through intersections of massive sulphides in conductive zones. News releases provide detail on the Upper and Lower Gold Zones, interpretations of induced polarization and magnetic data, and recommendations for further drilling and surface work.
Investors and observers can also follow corporate announcements, such as changes in the executive team, board appointments, and commentary on regulatory matters, including Atacama’s efforts to address a Cease Trade Order from the Alberta Securities Commission. The company’s updates describe the experience of its geologists, geophysicists, and financial professionals, as well as participation in events like the Canada Mining Expo in Timmins, Ontario.
This news page aggregates Atacama’s official releases so readers can track exploration progress at Tannahill and other claims, review technical highlights, and monitor governance and regulatory developments affecting ACRL. For those following early-stage mineral exploration in established Canadian mining camps, the ACRL news feed offers a consolidated view of the company’s reported activities and plans.
Atacama Resources International (OTC Pink: ACRL) has announced results from its 2024 exploration program at the Tannahill Gold Property in Ontario's Kirkland Lake gold camp. The program included geophysical surveys and a 17-hole drill campaign, revealing significant findings:
Six drill holes showed gold values between 0.59 and 5.31 grams per ton over widths of 6.5 to 20 feet, with one intersection averaging 0.71 g/t over 60 feet. Four holes targeting induced polarization (IP) zones intersected massive sulphides, suggesting base metal potential. The IP zones extend over 500 and 900 meters and remain open northeast.
The drilling confirmed continuity of the Upper and Lower Gold Zones near surface, with historical drilling showing values of 0.34 to 7.02 g/t Au. The company plans in-fill drilling, base metal assays, grid expansion, and surface exploration to advance the project.
Atacama Resources International Inc. (OTC Pink: ACRL) has announced a new executive team and board of directors, aiming to drive innovation and growth. The new leadership includes:
- Thomas Moynihan: CEO, Chairman, and CFO with 40 years of financial experience
- Don Swartz: Director with a background in organizational effectiveness
- Greg Praver: COO, Director, and Corporate Secretary
- William MacRae: Director and Geologist Consultant with 43 years in the mining industry
- John Grant: Director and Exploration Consultant with 47 years in managing mining projects
- Brian Praver: President and Business Development lead
The company is currently analyzing assay results from its Tannahill Project in Northern Ontario and remains committed to transparency and delivering shareholder value in mineral exploration.
Atacama Resources International Inc. (OTC Pink: ACRL) announced the resignation of CEO Glenn Grant as part of efforts to meet Alberta Securities Commission (ASC) requirements and revoke a Cease Trade Order (CTO) in place since July 2018. The company has been negotiating with the ASC's Enforcement Division regarding alleged CTO breaches, with a Notice of Hearing pending. New management and directors will be announced soon.
Grant's resignation, effective August 27, 2024, is seen as a necessary step towards CTO revocation, which would allow Canadian investors to purchase shares again. The company remains committed to transparency and advancing its position in mineral exploration, with significant mining claims in Northern Ontario focusing on gold, silver, lithium, graphite, cobalt, and diamonds.
Atacama Resources International (OTC Pink: ACRL) has announced that CEO Glenn Grant has relinquished his Series A Preferred Share, which was originally granted on February 1, 2019, as an anti-takeover measure. The share was surrendered on July 25, 2024, and Mr. Grant had not utilized its voting power during his tenure. Currently, there are no Series A Preferred Shares outstanding, and the Board of Directors has no immediate plans to issue any further such shares.
The company, which focuses on mineral exploration in Northern Ontario, emphasizes its commitment to transparency and shareholder value. Atacama Resources International holds significant mining claims in the Kirkland Lake area, with potential for exploring various metals and minerals including gold, silver, lithium, graphite, cobalt, and diamonds.
Atacama Resources International (OTC Pink: ACRL) has released preliminary assay results from its Tannahill Property, revealing significant gold discoveries. Notable findings include:
- Hole AT24-03: 4.19 g/t gold over one meter
- Hole AT24-02: 2.26 g/t gold over two meters
- Additional zones in AT24-03: 3.39 g/t over two meters and 1.41 g/t over three meters
The company completed 17 holes totaling 3,564 meters, surpassing the original plan of four holes. Atacama awaits complete results for all holes and plans continued diamond drilling based on these promising findings. The drilling program aims to test the extent, grade, and continuity of known mineralization in Ontario's 'Golden Mile' region.
Atacama Resources International (OTC Pink: ACRL) has announced that its COO Greg Praver and VP of Business Development Brian Praver will attend the Canada Mining Expo on June 5-6, 2024, in Timmins, Ontario. The Expo will feature over 400 industry displays, conferences on critical minerals, indigenous issues, and a job fair. Atacama will showcase core samples from Tannahill and other assets, along with graphics of recent IP and magnetic field activities. Lead geophysicist John Grant and lead geologist Bill MacRae will also attend. Greg and Brian aim to visit Tannahill to assess recent drilling results. Their visit will aid in managing Atacama's assets better, with upcoming development plans for gold, lithium, cobalt, and graphite mining claims in 2024-2025.
Atacama Resources International Inc. released the results of the magnetic field and induced polarization surveys in Tannahill. The surveys aimed to track the Southwest striking fault and outline sulfide-rich horizons. Logging of holes 1-17 is complete, with samples sent for assay. The company remains focused on transparency, delivering shareholder value, and innovation in mineral exploration.
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