Atacama 1 History and Unrecorded Assay Results Report of past work, assay results, diamond drilling, IP results on Atacama 1 claims in Eby-Otto Twp.in the Larder Lake Mining Division. In 1930 Todora Syndicate diamond drilled 7 holes as follows
# 1167 Gold Nil Silver Nil Copper Nil Nickel 0.02% Zinc Nil Lead Nil # 1168 Gold Nil Silver Trace Copper 0.02% Nickel 0.01% Zinc Nil Lead Nil # 1169 Gold 0.18 Oz Silver 0.10 Oz Copper 0.01% Nickel Nil Zinc Nil Lead Nil # 1170 Gold 0.03 Oz. Silver 0.43 Oz Copper 0.06% Nickel Nil Zinc 1.88% Lead 0.81% In 1978 Arnold Allsopp acquired these mining claims when they came open for staking.
In 1971 Noranda Exploration Co. Ltd. had 4 samples assayed as follows: # 1167 Gold Nil Silver Nil Copper Nil Nickel 0.02% Zinc Nil Lead Nil # 1168 Gold Nil Silver Trace Copper 0.02% Nickel 0.01% Zinc Nil Lead Nil # 1169 Gold 0.18 Oz Silver 0.10 Oz Copper 0.01% Nickel Nil Zinc Nil Lead Nil # 1170 Gold 0.03 Oz. Silver 0.43 Oz Copper 0.06% Nickel Nil Zinc 1.88% Lead 0.81% In 1978 Arnold Allsopp acquired these mining claims when they came open for staking. The lease claims are located as follows; Eby Twp. 4 lease claims # 476737, 476738, 476739 and 511329 Otto Twp. 8 lease claims # 511327, 511328, 511330, 511331,511332, 511578, 511579 and 511580 Atacama Resources Intl. obtained these claims from Arnold Allsopp in February 2015. Required Ontario Mining Commission fees paid to 2032.
Eby and Otto Area FAULTS A prominent north-striking fault offsets the western half of the Otto Stock about V/2 miles south, relative to the east half. This fault transects regional northwest-striking faults and lineaments of the Lake Timiskaming Rift Valley (Lovell and Caine 1970) several of which cross the map-area. Centred on one northwest-striking fault, about 2 miles north of Round Lake, is a circular depression 3,500 feet in diameter (Photo 1). The feature is inside the Otto Stock, and the outcrops both inside and outside the depression are medium-grained syenite, coarse-grained syenite, and lamprophyre. Possibly the depression marks the location of a younger related stock, or the junction of several joints and faults. The Larder Lake Fault has been thought to extend through the northern part of Eby Township (Thomson 1948, p.28), and some drilling for gold has been done to intersect parts of its presumed extension
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)
Exploration for gold should be concentrated in the two northern concessions, in syenite, trachyte, and carbonate rocks. Howard Lovell continues by saying (page 16 Geological Report 99) that three facies of iron formation are present in the map-area (Map 2239): magnetite-chert, graphite-pyrite-pyrrhotite, and carbonate. Most of the exploration for gold has been concentrated in syenite, trachyte, and carbonate rocks along the Larder lake Fault, so most of the carbonate rocks have not been thoroughly explored. He recommends: surface prospecting, soil and bedrock geochemistry, and greater use of geology during interpretation of geophysical work; this would provide more rewarding drill targets. Howard Lovell reported (in Annual Report of the Regional and Resident Geologists 1974, Miscellaneous Paper 60, 1975) that most of the gold probably originated from ultramafic rocks, syenitic rocks and clastic and chemically precipitated sedimentary rocks, most of which built up from the sea bottom to form an island arc. The principal host rocks of the gold mineralization are: a) syenite and trachyte (some of the trachyte is tuffaceous), and related porphyritic rocks; b) low grade Algoma-type iron formation of the sulphide and carbonate facies, with some of the carbonate rocks having a spatial and possibly genetic relationship to ultramafic rocks; c) Timiskaming-type meta sediments, which additionally form the bulk of the country rocks. T. L. Wells, Engineer with Erie Canadian Mines reported in 1938 that gold was found on claim L-17404 (North East 1/4 of North 1/2 Lot 5 Con V ) (1/2 mile North of Chartre-Dufresne Eby Property #1) in a quartz stringer. Two samples yielded 2.74 oz/ton Au and 0.06 oz/ton Au, respectively. This information is also reported in Mineral Resources and Mining Properties in the Kirkland Lake-Larder Lake Area in the Ontario Department of Mines Mineral Resources 1964 Circular #3 on page 72. Gold was also discovered on the Baldwin Consolidated Mines Property in the Northeastern corner of Eby Township. G. L. Holbrooke reported that several small but rich gold ore-bodies lying in the zone are associated with the more easily fractured syenite rocks. The only gold values of economic importance found on the property to date occur where the N. 20 degrees East set of faults cut the vein system. (See Ontario Department of Mines Vol. LVII. Part I. 1948 (Special note from Annual Report for the Kirkland Lake Resident Geologist's District 1992 and Ontario Geological Survey Miscellaneous Paper 161 81 tons of ore were milled yielding 43 oz of gold and 81 oz of Silver at a average grade of 0.531 oz Au/t. It has been reported that there were favourable environments for gold in the Kirkland Lake-Larder Lake Camp. In the Larder Lake sector, gold mineralization is associated with carbonatized ultramafic rocks along the Larder Lake Fault, whereas around Kirkland Lake gold mineralization occurs in sheared syenitic intrusions, trachytic flows end sedimentary rocks along the Kirkland Lake Fault.
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LOCAL GEOLOGY L. S. Jensen reported in Genesis of Archean, Volcanic Hosted Gold Deposits 1980 (in the Ontario Geological Survey Miscellaneous Paper 97) that the dominant feature of the Kirkland Lake-Larder Lake area is the major fault system that appears to extend from Matachewan in the west through Noranda towards Val d'Or. In many places this fault system is obscured by only slight displacement of the younger Proterozoic rocks. The older the rocks, the greater is the displacement. This suggests that the fault system has been active since the initial deposition of volcanic and sedimentary rocks in the area without a doubt this same fault system has influenced the deposition of these rocks and their alteration along its length. Gold mineralization is found in several rock types: gold-bearing ultramafic intrusions, laval flows (komatiites), debris flows, felsic tuff, chert, iron formation, carbonaceous sedimentary rocks, argillite, conglomerate, porphyritic intrusions and granitic intrusions. The range of mineralization is much greater than that associated with massive suphide deposits. L. S. Jensen continues by saying that gold exploration should be concentrated near major fault zones which mark the tectonic boundary between volcanic piles or between volcanic piles and gneissic terrains which have sedimentary aprons. W. S. Savage in Mineral resources and Mining Properties in the Kirkland Lake-Larder Lake Area (Mineral Resources Circular No. 3 (See Annex "H - 13C") reported that the formations of economic interest belong to the earlier Precambrian era: volcanics, sediments and intrusives. The Break is a strong wide carbonized shear zone, characterized by the presence of green mica and quartz stockworks. The Break or its branches appear to have had some influence on the localization of most of the ore bodies. From the southern part of Teck township, the Break has been traced southwestward to where it is overlain by the later Cobalt series in Eby Township. The amount of displacement along the Break could be hundreds of feet or in miles says W. S. Savage. The Keewatin and Timiskaming series were then invaded by Algoman intrusives: stocks, dikes, irregular-shaped bodies of granite to diorite or lamprophyre. In Teck Township the most important of the intrusives are the syenite, augite syenite and syenite porphyry. W. S. Savage continues by saying that following the emplacement of the intrusive, hot circulating solutions produced carbonate replacements along pre-existing faulted zones. This carbonatization was followed by the faulting which opened up channel ways for the later solutions that produced the gold-bearing veins in the Kirland Lake camp. The Kirkland Lake Fault branches away from the Larder Lake Break in the vicinity of Kenogami Lake. Minor faults which branch off the "MAIN BREAK' have been important sources of ore
Opening Discussion Graphite ? Atacama owns the mining claims for the Mystery Graphite Property totaling 1265 acres with 44 claim units in Kemp and Kelvin Townships, Larder Lake Mining Division and recorded with the Ontario Ministry of Northern Development and Mines as 100% held by Atacama Resources International Inc. ? Twelve holes were drilled in the Mystery Graphite property and Atacama has several thousand feet of core samples in their possession. Graphite gneiss was intersected in several drill holes, yielding up to 5% graphite with flake graphite up to ¼ inch observed in some drill holes. The core samples have been safely stored to maintain 43-101 status but have not been assayed. However, with a comprehensive assay program covering thousands of feet of core samples, expected results will form the foundation for actual production within the next few years. ? An existing graphite processing plant near the Mystery Graphite property has the necessary equipment, has the required permits and just needs to be updated to handle any graphite mined at the Atacama location. ? The price of graphite is about the same as a year ago because of current global trade uncertainties, but the long-term forecast for graphite price increases is very strong. China currently mines about 75% of the world’s graphite and is stockpiling for its own use rather than selling in the global market. ? There are no producing graphite mines in the United States and only one graphite mine in Canada. That mine is quickly exhausting its supply. With the exploding demand for graphite worldwide, it is clear that a successful Atacama graphite mine would increase the market value of Atacama significantly be a game changer for the graphite industry on a global basis. Cobalt ? Atacama owns the mining claims for the Cabo Property totaling 317 acres with xx mining claim units in Lorain Township nine miles southeast of Cobalt, Ontario in the Larder Lake Mining Division and recorded with the Ontario Ministry of Northern Development and Mines as 100% held by Atacama Resources International
The property has had at least fifteen holes diamond drilled for a total of 3000 feet. During that time stripping and trenching, geological mapping, till sampling and UTM, magnetometer and VLF surveys were conducted. Because the objective of the previous drilling was to locate concentrations of gold and silver, no significant cobalt data is available. ? However, extensive core samples taken from the drills are in the company’s possession and will be assayed for cobalt in 2019. ? Grab samples were conducted in 2017. With an assay of 1.22% cobalt from the Giroux Shaft area, further backhoe stripping around the shafts to uncover the original bedrock surface around the shaft collars is recommended. It will be included in 2019 Cabo property development ? The Atacama Cabo claims are in the middle of the ‘Cobalt Camp,’ which is clearly the cobalt hot spot in North America. In addition to the results of the Giroux Shaft grab, numerous additional grab samples taken in 2017 indicate viable cobalt concentrations. Diamonds ? Atacama owns the mining claims for A1 Kimberlite Diamond Property totaling 393 acres with xx claim units located nine miles northeast of Kirkland Lake, Ontario in the Larder Lake Mining Division and recorded with the Ontario Ministry of Northern Development and Mines as 100% held by Atacama Resources International. ? Atacama’s Cabo property, in addition to high concentrations of cobalt, has yielded both micro and macro diamonds and the search for diamonds will be included in 2019 Cabo property development. ? In 2005, at the A1 Kimberlite property, a 9.3 kg sample was taken from diamond drill cc-14, processed by caustic fusion and contained a total of 95 diamonds. This included 4 macrodiamonds (greater than 0.5 mm in two dimensions.) The largest diamond recovered was a 2.54 mg white, polytetrahedroid measuring 1.36 mm x 1.20 mm x 1.12 mm. The diamond-bearing sample was taken from a 4.15m interval (between 32.45m and 36.60m) within a 61.m intersection of a lamprophyre and mafic, heteroloithic breccia zone. ? Both the A1 Kimberlite and Cabo properties are easily accessible by road and near mining communities. In contrast, the four existing diamond mines in Canada are in Canada’s far north and the extremely remote locations of all these mines make development cost extraordinarily high. MINERALS & LOCATIONS Success in this business depends on market demand, location, cost minimization, experienced operators and dependable funding. The good news is demand for all the minerals and precious metals on our exploration sites is expected to rise. We have multiple claims on 1975 acres, excluding the company’s gold holdings, in the Kirkland
Lake and other areas of mineral-rich northern Ontario. These sites are easily accessible to existing roads and rail, close to mining communities, and near mining exploration, development and refining operations. In short we are well-positioned in a proven mining area with anticipated cost-efficient operations. A team of mining and business experts has been assembled to manage and operate the projects on our claims. We have engaged the services of Canadian Exploration Services (CXS), a highly respected provider of exploration services, as a key member of our team. The company has recently added two respected geologists to its staff and the company is well positioned to manage it further mining development.
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A "Gold Rush" claim-staking frenzy is happening in what is known as The Cobalt Camp in the area surrounding the community of Cobalt, Ontario. Atacama Resources International has obtained mineral rights on 317 acres right in the middle of the area just SW of Cobalt. The Cobalt Camp is the largest single location of cobalt in the world. Why the sudden interest in cobalt? Cobalt is one of the few metals used for super alloys needed in nuclear reactors, jet and rocket engines, turbines, power plants, and in various military and space technologies. These applications will likely see significant growth in the near future. And – expect to see extraordinary growth in another sector – Batteries and Energy Storage. The "Green Movement" happening throughout the world has accelerated cobalt's rise to prominence. Cobalt is used in the manufacturing of lithium-ion batteries used in electric vehicles. Tesla's battery manufacturing mega-factory in Nevada has a mandate to source all its needed cobalt from North American suppliers. The Tesla plant is not the only new facility. China is currently building four, Germany two, Japan two and South Korea one. Global demand for cobalt is about to skyrocket. The world’s supply of cobalt is not adequate to meet the forecasted demand. Currently 63% of the world's cobalt is mined in the Democratic Republic of the Congo (DRC). DRC is known for its political instability, corruption, human rights abuses and violence. These unfortunate conditions make the DRC an unreliable source for such a strategic and critical product. Atacama’s cobalt mining rights in Ontario, Canada position the company to be an important source of North American cobalt.
GRAPHITE New uses for this mineral are creating high market demands worldwide. Graphite has recently been categorized as a crucial strategic mineral by several governments including the United States and the European Union because it is used in energy related applications such as electric vehicles, nuclear reactors, fuel cells, solar panels energy storage, photovoltaics and many electronics including smartphones and laptops. China is thought to produce 70% of the present global supply. They are now retaining 80% for their own use. It is not clearly understood by all industry sectors yet but graphite is now an essential material in regards to contributing to our future economy and way of life. For instance, it is the source of graphene which the Huffington Post has noted will "change the world" as the "new plastic". Graphite is essential to the North American economy, defense, technological innovation, for manufacturing and for food supply chains. The graphite supply raises concerns and contributes to the “strategic” label placed on this sought -after mineral. The Western world is nearly totally dependent on foreign sources of graphite and is extremely vulnerable to supply disruptions. At least 70% of global supply presently comes from China. As noted above, China is now stockpiling 80% of its production. There is only one producing graphite mine in all North America with supplies soon to run out.. With world-wide demand for graphite growing it is projected that 25 new graphite mines will be needed by 2020. The Tesla "mega factory” in Nevada alone will require four to six new graphite mines. Tesla wants this battery factory to get its graphite from North American suppliers. The US military has stated that it wishes to be totally off the electrical grid and be self-sufficient as soon as possible. This alone will significantly enlarge the demand for energy storage, transport batteries as well as batteries to drive all the electronics currently found on every combat soldier. Atacama’s Mystery Graphite property is located in the Kemp & Kelvin Townships, Larder Lake Mining Division in Ontario, Canada. Mystery Graphite shows good promise for producing mines. Another company is building a graphite processing plant close to Atacama’s properties. This bodes well for future cost and time savings.
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DIAMONDS Canada has four diamond mines and is the third largest supplier of gem quality diamonds in the world. The USA has no diamond mines. Early exploration work on our diamond properties has turned up macro and micro diamonds – from samples close to the surface. The market demand for diamonds from North American sources is expected to grow – especially from the USA (the world’s largest market for diamonds). Atacama has acquired mineral rights for two diamond properties. The 317 acre Cabo property, also rich in cobalt, has shown positive results for diamonds as well. Accessible by road, the property comprises two diamond showings and an exploration shaft. Exploration in the early 2000s included diamond drilling, trenching and geophysics. Initial sampling recovered 96 diamonds including a few macro diamonds. Based on these findings, Atacama is planning extensive and intensive exploration for both cobalt and diamonds for this site. The A1 Kimberlite Diamond Project of 393 acres is located nine miles NE of the historic mining community of Kirkland Lake, Ontario at the junction of highways 672 and 66. Significant work has been performed on the one kimberlite pipe on the property and recent till samples revealed a high level of chromium garnet which is an indicator of a diamond bearing kimberlite. Another pipe saw a recovery of seven diamonds, two of which were macro diamonds. Further work on the property is planned for 2019. The supply of diamonds is not keeping up with the demand. This is becoming a serious problem. A primary source of the world’s diamond supply is from areas whose diamonds have become known as "Blood Diamonds" or "Conflict Diamonds". These
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Atacama has to start by reviewing and assaying its extensive inventory of core samples, surface grabs and tailings. This is the least expensive way to determine concentrations of graphite and cobalt and the number and size of diamonds in Atacama claims. Geophysical and aerial review of the properties are the next order of business with a focus on the existing drill holes and surface scrapings. Next, a thorough geologist review of all the properties is necessary to determine appropriate future development activities. The success of the company’s funding will determine the schedule for confirming the reserves for the Atacama position covering graphite, cobalt and diamonds. The investment required to confirm the proven reserves will be dependent on the extent of diamond drilling and shallow excavation required to provide rock solid assays that indicate proven concentrations of graphite, cobalt and diamonds. The budget will total approximately US $2,000,000. A capital raise of US $2,000,000 is required, with an immediate cash infusion of US $500,000. The associated capital raise of US $3,000,000 for confirming the proven reserves for the Atacama gold position, with an immediate requirement for US $1,000,000 indicates a total capital raise of US $5,000,000 with US 1.500,000 required immediately. The upside for the market value increase of the company assuming the expected confirmation of gold ‘proven reserves’ for the Atacama 1, 2 and 3 holdings as well as the Atacama reserves for graphite, cobalt and diamonds is significant. The expected increase in the price of the ACRL common shares make this investment opportunity worth a serious review by any qualified investor interested in having an equity position in a significant mining opportunity. Contact: Glenn Grant, President and CEO, Atacama Resources International, Inc. ggrant@acrlintl.com and 1-780-512-3805
Atacama Resources International, Inc. engages in the mining, acquisition, and development of mining interests in the Kirkland Lake region of Ontario, Canada.
It also owns Good2Drive, Inc., which develops a smartphone App called Good2Drive.
The Good2Drive app measures the driver's cognitive ability to drive vehicles safely on the nation's highways and byways.
The company was founded on June 14, 2013 and is headquartered in Kenosha, WI.
Hello Skiluc...I spoke with Mr Arnold Allsopp... Prospector - Mr Arnold Allsopp..at his home, today. He says that the 1930 assays are REAL and CORRECT AND ACCURATE. He was very genuine and gave me every indication that he is a man of integrity...He is a very elderly man and has no reason to tell me anything except what he believes to be true...if Mr. Allsopp IS CORRECT about the results being accurate, this will be a 'bonanza'. Thanks for your posts and the DD that your group has done.
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