CEO RAMBLINGS - NOVEMBER 28, 2018
Very near Atacama's three gold properties is Macassa Mine, one of the highest grade gold mines in the world and has been operating since 2002. (Gold mining in the vicinity has been ongoing since 1933) Like Atacama, the mine is located in an area with well-developed infrastructure-a provincial highway, a rail system, an airport and the mining community of Kirkland Lake. Earlier this year the Company announced plans to build a new shaft with a goal of extracting over 400,000 ounces of gold per year for the next five to seven years. Currently, the average gold grade is 14.5 grams/ton. When the project is completed the depth of the main shaft will be 7,000 feet. The Macassa gold mine is a high grade gold producer, with grade improving the deeper the mine. The gold mineralization is found along breaks, or faults, in veins as quartz filled fractures. There are multiple breaks all keeping with the Timiskaming gold trend.
Why this is interesting for Atacama is that the Atacama properties occur within these same fault lines and could very likely compare to the gold values currently experienced by Macassa.