Gold

GOLD

Gold's qualities make it one of the most coveted metals in the world. Everyone is aware that gold can be beautifully shaped and sculpted for use in fine jewelry. This has accounted for most of gold usage for eons. The major upside growth potential for gold usage is in a myriad of commercial uses. Let’s look at some of these applications. Gold conducts electricity and does not corrode or tarnish. These qualities make it the metal of choice for a wide range of industries. For instance, it is used in most electric/electronic devices including cell phones and laptops.  Nearly US$600 million worth of gold is used in the one billion cell phones sold each year! As the world accelerates into the electrical/electronic gadget world of the future the demand for gold will surely accelerate along with it.

Being highly flexible and malleable, it is used to make the "gold leaf" found in structures and symbols worldwide. The famous Golden Temple in India used 1.5 tons of gold for its covering. Dentists have used gold for fillings and crowns for nearly 3,000 years since gold is bio-compatible and therefore can be safely placed within a person's body. Chinese doctors have used gold in medical treatments since 2500 BC. Today, it is widely applied in medical treatments ranging from arthritis to cancer. Gold also reflects hot and harmful rays from the sun. Space ship windows and astronaut's visors have gold in them. Because of these properties, gold is used again on an increasing scale in the manufacture of windows.

Even today, new uses for gold are being discovered. For example, scientists recently developed a gold alloy that is four times (4Xs) stronger than titanium. Gold is an historic natural currency whether in coins, bars or as bullion. In fact, gold coins have been in use since 560 BC. Gold has intrinsic value traits that no other asset does. It is currently referred to as a "Crisis Commodity". When instability and uncertainty prevail, gold is valued as an economic stabilizer. Our world economy needs stabilizing. Uncertainty abounds. When one considers Brexit, unstable Russia, unnerving North Korea, 50% youth unemployment in Greece, militia wars in Africa, a disastrous Middle East, China flexing its muscles, zero interest rates, growing inflation, oil at $50 a barrel or less, little economic growth in Europe, etc. etc. etc. There is a clear need for a “crisis commodity”.  Increases in the value of gold certainly seems to be imminent. 

However, gold is still most coveted for its use in jewelry. China is currently the world's largest market for gold jewelry and with the increasing growth of the middle class in China as well as in India, America, Japan, oil rich Gulf states, etc. the demand for jewelry gold is bound to grow as well. The future growth in the demand for gold is well documented. Demand is going up, but supply is going down at a very fast rate. New mega gold discoveries are rarer than ever while mining costs remain high. These demand, supply and cost factors shape Atacama’s strategy to place serious focus on its 1360 acres located virtually adjacent to Kirkland Lake Gold (KLG). KLG is a major gold producer and recognized as one of the richest gold mines in the world. KLG owns five former high grade producing gold mines located within the Kirkland Lake Camp that produced more than 22 million ounces at an average grade of 15.1 grams per ton - all in a 120-kilometer fault zone which has produced more than 100 million ounces of gold. Atacama's claims are located along a southern strike of the same fault zone. We look forward to launching an ambitious exploration program in the near future. See site map and details below for more information.


ATACAMA (01)

 
Geology and Gold Deposits of Kirkland Lake.jpg

History

Atacama 1 holds a long history in the Gold Bearing area of Kirkland Lake Ontario. In 1930 Todora Syndicate Diamond Drilled 7 holes on the property. High Gold, Copper and nickel showed in the drill holes. In 1935 Selected International Mines of London England leased 5 claims to Cheltonia-Swastika Mines Ltd. And sunk a shaft 105 feet deep and 60 feet of lateral work on the 100 foot level. In 1948 Totora-Kirkland Prospecting Syndicate acquired the property and staked 9 unpainted mines and 2 patented mines. The property covers the strike of an apparent fault zone for a distance of over 3960 feet. This zone appears to be a subsidiary fault to the Larder Lake “break” and is a favourable structure for the formation of Gold and Copper deposits.

  • Samples for copper were taken from trenches of 13.39%,6.12%,6.62% and 5.32%
  • N 1971 Noranda Exploration Co. Ltd. Had 4 samples assayed.
  • In 1978 the properties were acquired by Prospector Arnold Allsopp.
  • 3 trenches were mechanically dug 300 feet apart and are located approximately 1000 feet west of the Cheltonia shaft. Each trench extends northwards from the controlled base line.

Atacama Resources International Inc. acquired the properties and has since drilled two diamond drills which are described in the attached survey report. There was enough indication to warrant major work on the property as expressed by the geologist which is in the attached property report for Atacama 1,2 and 3. 

Legal description

TOWNSHIP         CLAIM NUMBER
EBY                                                L511329
EBY                                                L476737
EBY                                                L476738
EBY                                                L476739
OTTO                                             L511327
OTTO                                             L511328
OTTO                                             L511330
OTTO                                             L511331
OTTO                                             L511332
OTTO                                             L511578
OTTO                                             L511579
OTTO                                             L511580


ATACAMA (02)

 
claimMapSRO.jpg

Description

The Atacama (former Allsopp-Huston) Property consists of 3 claim groups comprising 12 leased (Atacama 1) and 4 unpatented (13 units) contiguous claims (Atacama 2) straddling the central portion of the Eby/Otto Township boundary, and 2 unpatented claims (17 units) in north central Otto Township (Atacama 3) 

The Kirkland Lake area is one of Canada’s most prolific gold mining areas, accounting for about 25 million ounces of bullion produced from seven mines along the “mile of gold” with an additional 11 million ounces produced by Kerr Addison Mine on the Larder Lake- Cadillac Break to the east. When all the past producing mines of the area are considered, the aggregate production totals 37.63 million ounces of gold. 

Legal description

TOWNSHIP         CLAIM NUMBER
OTTO                           4282198
OTTO                           4282199
OTTO                           4283359
OTTO                           4283360
OTTO                           4282199

 


ATACAMA (03)

 
claimMapSRO3.jpg

Work Description

The Atacama (former Allsopp-Huston) Property consists of 3 claim groups comprising 12 leased (Atacama 1) and 4 unpatented (13 units) contiguous claims (Atacama 2) straddling the central portion of the Eby/Otto Township boundary, and 2 unpatented claims (17 units) in north central Otto Township (Atacama 3) 

The Kirkland Lake area is one of Canada’s most prolific gold mining areas, accounting for about 25 million ounces of bullion produced from seven mines along the “mile of gold” with an additional 11 million ounces produced by Kerr Addison Mine on the Larder Lake- Cadillac Break to the east. When all the past producing mines of the area are considered, the aggregate production totals 37.63 million ounces of gold.

Legal description

TOWNSHIP         CLAIM NUMBER
OTTO                           4246936
OTTO                           4245208

 

View other site locations