Atacama Resources International Announces Positive Cobalt Results from Cabo Property Geological Evaluation
November 30, 2017 at 09:30 am
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Atacama Resources International announced that it has received the geological evaluation of its Cabo Property from Canadian Exploration Services Ltd. (CXS). The Cabo Property is located in Lorrain Township approximately nine miles southeast of the historic mining town of Cobalt, Ontario. The geological evaluation was requested from CSX in early September 2017 to determine the presence of cobalt in the Atacama Resources’ Cabo Property. The report has been completed and the results were submitted to Atacama Resources on November 13, 2017. The % concentration of cobalt mineralization per ton is the measurement of cobalt presence, and the results of the CSX evaluation are outstanding. An assay result of 1.22% cobalt was recorded in one of the fifteen sample outcrops and rock dumps taken from four separate shafts and pits. Additional samples indicated viable cobalt concentrations as well. The results clearly indicate that backhoe stripping around the shafts should be performed to uncover the original bedrock surface and conduct additional assays throughout the 300+ acre Cabo Property. Atacama Resources not only owns the claims to the Cabo Property for cobalt but also the 1760 acre Mystery Graphite Property for graphite. Located between Kirkland Lake and Timmons in Northern Ontario, this property will undergo further geological evaluation in 2018. Extensive core samples obtained from previous diamond drilling on the property are in the company’s possession and will undergo geological evaluation in 2018. A previous preliminary evaluation revealed large flake graphite in selected core samples. Atacama also owns a 100 acre parcel called Coronation with major graphite potential and available core samples.
Atacama Resources International, Inc. is a mineral exploration company with mining claims in the greater Kirkland Lake area of Northern Ontario. Metals and minerals under potential exploration include gold, silver, lithium, graphite, and cobalt. The Companyâs Ontario properties include Heighington Lithium Property, Atakokan Lithium Property, Carbonatite Properties, Tannahill Gold Property, Atacama 3 Property, Golden Eagle Property, and Cabo Cobalt/Diamond Property. The Heighington Lithium Property consists of 12 units located north of Cochrane. The Companyâs Atakokan Lithium Property consists of two units situated to the east of Atikokan with a section of the transcanada highway cutting across the northwest section of the claim block. The Carbonatite Properties consist of about 35 units that cover a significant portion of a massive Alkalic Intrusive unit with Carbonatite. Tannahill Gold Property consists of 29 claim units located to the northeast of the Kirkland Lake Gold camp.
ATACAMA RESOURCES INTERNATIONAL, INC. 
