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Atacama Resources International, Inc. (OTC Pink: ACRL) is a dynamic mining company with significant claims in the greater Kirkland Lake area of Northern Ontario. The company focuses on the exploration and development of valuable minerals, including gold, silver, lithium, graphite, cobalt, and rare earth elements. These resources are crucial for the electrical vehicle (EV) industry and other high-tech applications.
Led by CEO Glenn Grant, Atacama has made substantial strides in enhancing shareholder transparency. The recently launched website, www.acrlintl.com, provides comprehensive updates on ongoing projects, mining activities, and financials. This initiative aims to keep shareholders and potential investors well-informed about the company's operations and achievements.
One of Atacama's flagship projects is the Tannahill Gold Property, where the company recently completed a 43-101 Technical Report. This document highlights the extensive historical work and the promising economic potential of gold occurrences on the property. The company's ongoing efforts include a comprehensive drilling program and geophysical surveys, which are expected to yield valuable insights into the property's mineral wealth.
Atacama is also committed to sustainable and responsible mining practices. The company has entered into a strategic partnership with the Naotkamegwanning First Nation and employs Asinike Diamond Drilling as its exclusive drilling contractor. This collaboration underscores Atacama's dedication to fostering positive relationships with Indigenous communities and promoting environmental stewardship.
Financially, Atacama is poised for growth with recent appointments aimed at strengthening its leadership team. The company named Greg Praver as COO and Thomas Moynihan as CFO, both of whom bring extensive experience in their respective fields. These strategic hires are expected to drive the company's ambitious drilling initiatives and investor relations efforts.
Atacama Resources International remains steadfast in its mission to explore and develop its mining claims responsibly. With a strong focus on shareholder value and transparency, the company continues to pursue opportunities that align with its vision of sustainable mineral exploration and development.
Atacama Resources International Inc. (OTC Pink: ACRL) has announced a new executive team and board of directors, aiming to drive innovation and growth. The new leadership includes:
- Thomas Moynihan: CEO, Chairman, and CFO with 40 years of financial experience
- Don Swartz: Director with a background in organizational effectiveness
- Greg Praver: COO, Director, and Corporate Secretary
- William MacRae: Director and Geologist Consultant with 43 years in the mining industry
- John Grant: Director and Exploration Consultant with 47 years in managing mining projects
- Brian Praver: President and Business Development lead
The company is currently analyzing assay results from its Tannahill Project in Northern Ontario and remains committed to transparency and delivering shareholder value in mineral exploration.
Atacama Resources International Inc. (OTC Pink: ACRL) announced the resignation of CEO Glenn Grant as part of efforts to meet Alberta Securities Commission (ASC) requirements and revoke a Cease Trade Order (CTO) in place since July 2018. The company has been negotiating with the ASC's Enforcement Division regarding alleged CTO breaches, with a Notice of Hearing pending. New management and directors will be announced soon.
Grant's resignation, effective August 27, 2024, is seen as a necessary step towards CTO revocation, which would allow Canadian investors to purchase shares again. The company remains committed to transparency and advancing its position in mineral exploration, with significant mining claims in Northern Ontario focusing on gold, silver, lithium, graphite, cobalt, and diamonds.
Atacama Resources International (OTC Pink: ACRL) has announced that CEO Glenn Grant has relinquished his Series A Preferred Share, which was originally granted on February 1, 2019, as an anti-takeover measure. The share was surrendered on July 25, 2024, and Mr. Grant had not utilized its voting power during his tenure. Currently, there are no Series A Preferred Shares outstanding, and the Board of Directors has no immediate plans to issue any further such shares.
The company, which focuses on mineral exploration in Northern Ontario, emphasizes its commitment to transparency and shareholder value. Atacama Resources International holds significant mining claims in the Kirkland Lake area, with potential for exploring various metals and minerals including gold, silver, lithium, graphite, cobalt, and diamonds.
Atacama Resources International (OTC Pink: ACRL) has released preliminary assay results from its Tannahill Property, revealing significant gold discoveries. Notable findings include:
- Hole AT24-03: 4.19 g/t gold over one meter
- Hole AT24-02: 2.26 g/t gold over two meters
- Additional zones in AT24-03: 3.39 g/t over two meters and 1.41 g/t over three meters
The company completed 17 holes totaling 3,564 meters, surpassing the original plan of four holes. Atacama awaits complete results for all holes and plans continued diamond drilling based on these promising findings. The drilling program aims to test the extent, grade, and continuity of known mineralization in Ontario's 'Golden Mile' region.
Atacama Resources International (OTC Pink: ACRL) has announced that its COO Greg Praver and VP of Business Development Brian Praver will attend the Canada Mining Expo on June 5-6, 2024, in Timmins, Ontario. The Expo will feature over 400 industry displays, conferences on critical minerals, indigenous issues, and a job fair. Atacama will showcase core samples from Tannahill and other assets, along with graphics of recent IP and magnetic field activities. Lead geophysicist John Grant and lead geologist Bill MacRae will also attend. Greg and Brian aim to visit Tannahill to assess recent drilling results. Their visit will aid in managing Atacama's assets better, with upcoming development plans for gold, lithium, cobalt, and graphite mining claims in 2024-2025.
Atacama Resources International Inc. released the results of the magnetic field and induced polarization surveys in Tannahill. The surveys aimed to track the Southwest striking fault and outline sulfide-rich horizons. Logging of holes 1-17 is complete, with samples sent for assay. The company remains focused on transparency, delivering shareholder value, and innovation in mineral exploration.
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