Nova Scotia Regional Exploration

In addition to developing the Touquoy Gold Project in Nova Scotia Atlantic Gold is progressively exploring regional and near-mine land positions to build its resource base. Beyond the Touquoy property itself ATV believes the surrounding region within the so-called Meguma Terrane is highly prospective for additional Touquoy style deposits.

Considerable potential is evident along adjacent parallel gold-mineralised belts defined by the regionally extensive east-west anticlines mapped over a century ago by pioneer government geologist ER Faribault. Typically the region is 90% covered by a masking blanket of glacial till – extensively transported sand, gravel and boulders deposited beneath the continental ice sheet during the last Ice Age. A strong land position comprising pegged claims and farmed-in properties continues to be secured and explored, initially by reconnaissance drilling. A customised reconnaissance drilling technique has been employed by ATV to effectively penetrate the cover and explore this terrain and to date over 10,000m have been drilled to test regional targets.

Atlantic Gold continues to progressively explore, by reconnaissance drilling, those 100%-owned lands acquired from time to time by pegging (map staking) on the basis of regional geological, geophysical and geochemical interpretation. Properties held by third over historic gold workings are acquired by option or other farm-in agreements and explored by means appropriate to the geological conditions.

Atlantic Gold in June 2008 acquired an option over the Plenty property, located 40 km northeast of Touquoy. Numerous sights of visible gold have been recorded in previous drilling programs.

Other properties on which work continues include Pleasant River Barrents, Renfrew and North Brookfield as well as 130 square kilometres of wholly-owned exploration licences.