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Much better news on its way.
Atacama Resources International Announces Positive Cobalt Results from Cabo Property Geological Evaluation
Nov 30, 2017
OTC Disclosure & News Service
-
PLANTATION, Fla., Nov. 30, 2017 (GLOBE NEWSWIRE) -- Atacama Resources International (OTC PINK:ACRL) announced today 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.
Glenn Grant, CEO, stated, “We were expecting a viable concentration of cobalt on our Cabo Property but the actual concentration exceeds our expectations. The reported assay results came from surface grab samples and with at least fourteen diamond drill holes on the property yet to be sampled, the potential for even higher concentrations on the rock dumps surrounding the additional drill holes is quite high.”
Grant continued, “Our research indicates that the average % concentration of cobalt in a cobalt mine in Canada and the United States is significantly less than .75%. The average cobalt mine in Russia, for example, averages .28% cobalt. With the price per pound of cobalt approaching $30 this month and continuing to increase, further evaluation of the Cabo Property is of the highest priority.”
Recent news reports concerning the anticipated explosive growth of the electric automobile and truck markets in the US, Europe and Asia make it clear that both cobalt and graphite are strategic minerals in the production of the batteries that will power electric vehicles.
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.
About Atacama Resources International (www.acrlintl.com)
Atacama Resources International is a publicly traded OTC company with significant mining claims in the greater Kirkland Lake area of Northern Ontario. Metals and minerals under potential exploration include gold, silver, diamonds, graphite and cobalt. Major deposits of copper and iron ore are included in the mining claims. Atacama’s technology business includes pioneering smartphone applications called Good2Drive and Fit4Duty with follow on products that will be released in 2018.
Safe Harbor Statement
Certain information set forth in this news announcement may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Atacama Resources International. Such forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management beliefs and certain assumptions made by its management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.
Contact:
Glenn Grant
ggrant@acrlintl.com
1-780-512-3805
Primary Logo
Copyright © 2017 GlobeNewswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Big day for us.
Goooooooooood morning gents
Twitter is blowing up with ACRL
i cant wait wait for the new's to hit we are gonna explode!!!!!!!
this is going well beyond 5 cents in no time
Boys hold on to your hates
Good day today. Looks like we are on the way.
stop taking all the shares lol
if i had more funds. dame i guess i am loaded
Just the beginning we are heading up to the penny land!!!!!!!!!!!
LOVING THIS
Atacama @acrlintl_MINING moves forward with plans to do a full IP program on their Cobalt Property.
go time Boooooooooooom!
like i said you sell ill buy. to the moon baby!!!!!!!!!!!!!
you sell ill buy them lmaoo
man we are golden lets go
GOOOOOOOOOOOOOOOOOOOO Time!!!!!!!!!!!!!!!
GM ACRL. Lets have a record week.
If good to drive gets trucking companies on board this will be major and insurance companies like all state and so on. Major
should be a very interesting week.
ACRL!
I can’t wait for tomorrow’s bell
I don’t see a push I see growth
Cobalt is very needed. like everything else. that is a fact. and we have found some. 1.22% that's not bad. but if they do set up shop and start drilling we would find way more then that.
Today, some cobalt is produced specifically from various metallic-lustered ores, for example cobaltite (CoAsS), but the main source of the element is as a by-product of copper and nickel mining. The copper belt in the Democratic Republic of the Congo, Central African Republic and Zambia yields most of the cobalt mined worldwide. The DRC alone accounted for more than 50% of 2016 world production (123,000 tonnes), according to Natural Resources Canada.[5]
Imagine how much cheaper it will be when ACRL will actually start shipping it. it wont have to cross the sea. only a truck ride to the closest Tesla Manufacturing warehouse
i really don't care what anyone says now at this point. ACRL is ready to explode you can go discredit all you want guys. in the end Do your own DD.
from what i see and hear on my own we are going to have a great run.
Atacama Resources International Announces Positive Cobalt Results from Cabo Property Geological Evaluation
Nov 30, 2017
OTC Disclosure & News Service
-
PLANTATION, Fla., Nov. 30, 2017 (GLOBE NEWSWIRE) -- Atacama Resources International (OTC PINK:ACRL) announced today 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.
Glenn Grant, CEO, stated, “We were expecting a viable concentration of cobalt on our Cabo Property but the actual concentration exceeds our expectations. The reported assay results came from surface grab samples and with at least fourteen diamond drill holes on the property yet to be sampled, the potential for even higher concentrations on the rock dumps surrounding the additional drill holes is quite high.”
Grant continued, “Our research indicates that the average % concentration of cobalt in a cobalt mine in Canada and the United States is significantly less than .75%. The average cobalt mine in Russia, for example, averages .28% cobalt. With the price per pound of cobalt approaching $30 this month and continuing to increase, further evaluation of the Cabo Property is of the highest priority.”
Recent news reports concerning the anticipated explosive growth of the electric automobile and truck markets in the US, Europe and Asia make it clear that both cobalt and graphite are strategic minerals in the production of the batteries that will power electric vehicles.
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.
About Atacama Resources International (www.acrlintl.com)
Atacama Resources International is a publicly traded OTC company with significant mining claims in the greater Kirkland Lake area of Northern Ontario. Metals and minerals under potential exploration include gold, silver, diamonds, graphite and cobalt. Major deposits of copper and iron ore are included in the mining claims. Atacama’s technology business includes pioneering smartphone applications called Good2Drive and Fit4Duty with follow on products that will be released in 2018.
Safe Harbor Statement
Certain information set forth in this news announcement may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Atacama Resources International. Such forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management beliefs and certain assumptions made by its management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.
Contact:
Glenn Grant
ggrant@acrlintl.com
1-780-512-3805
Primary Logo
Copyright © 2017 GlobeNewswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
Lithium surpassing US$13,000/ton."
So where does that leave us with Tesla? Elon Musk ambitiously aims at producing 500,000 electric vehicles a year by 2018, and Tesla has repeatedly stated that the cobalt will be sourced exclusively in North America. Whether this is a realistic assumption is a different story.
That’s a lot of “ifs,” I grant you that. Tesla is entering an age of supply chain transparency, as Simon Moores from Benchmark Intelligence states, and it wouldn’t hurt to see more communication from Tesla on that front. However, there are many factors that could be part of a complex cobalt equation. I wouldn’t go as far as surrender already and turn into a structural Tesla bear.
ACRL is going to obtain the contract. once we do no longer will we be in the penny's
lithium. got my attention. in the pipeline for Tesla to make purchases and contracts. if that happens we are going way passed a dollar!!!
Gotta love the bashers. But we need them to show the DD.
60 million float is nothing compared to my other ticker was around 150 million shares outstanding.and it passed 3 cents no problem
I agreed with you 100% this is going way passed a nickel. I can wait for Monday I can add more.
really excited for next week. PR is coming. Tesla may be in the work's and a few other things i can't say just yet but. i am ready!!!!!!!!!!!!
Man I can’t wait for the new’s.
ACRL getting the attention it needs. We are going to the moon. CEO knows what he is doing.
thats what i wanted to see. lets go ACRL!
i don't want to say we are going there but we are. matter of time. CEO want to have us go to a Buck yes i said $1 dollar deal with it.