Meadow Bay Gold Update on Drilling at Atlanta Gold Mine in Nevada
August 03 2011 - 6:00AM
Marketwired
Meadow Bay Gold Corporation ("Meadow Bay Gold") (TSX VENTURE:
MAY)(PINK SHEETS: MBYCF)(FRANKFURT WKN: A1C3DN) has completed five
core drill holes for a total of 3,854 feet (1,156 metres) of
drilling on the Atlanta Gold Mine project and are currently on the
sixth and last verification hole. The drill program is in
accordance with recommendations made by Gustavson Associates, LLC
of Boulder, Colorado - who have been retained to verify the drill
results from earlier exploration and certify prior Kinross
indicated mineral resources under modern day National Instrument
43-101 standards. Drill samples have been submitted to ALS Chemex
for analysis and assays are pending. Gustavson Associates has also
issued an opinion that sampling and security procedures at the
Atlanta Gold Mine are compliant with QA/QC protocols required under
NI 43-101.
Following the completion of the sixth verification hole, the
drill will be moved northwards along the Atlanta Structure where it
will begin in-fill drilling between widely -spaced exploration
holes from previous operators. In addition to potentially adding to
the resource base, these new holes will provide needed
stratigraphic and structural controls before step-out drilling
along untested portions of the structure further to the north.
In addition to the claims acquired this year through the
acquisition of Desert Hawk Resources and the Agreement with Atna
Resources, Meadow Bay Gold has staked in excess of 250 new
unpatented mining claims. These claims effectively cover the entire
Atlanta District and encompass both new exploration targets and
space needed for any future mining operations.
Exploration in a new area, the Western Knolls, has revealed gold
in rock-chip and soil samples over a broad area of silicified
volcanics. Additional sampling and mapping is continuing with the
goal of delineating a drill target during the 2011 exploration
season. Initial soil sampling in further new area, the PEG area,
has returned significant results from widely spaced samples and
will be followed up later in August.
Charles (Bill) Reed, a Qualified Person under National
Instrument 43-101, has reviewed the contents of this news
release.
Meadow Bay Gold Corporation
Robert Dinning, Chairman and CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
Contacts: Launch IR Matthew Harrington 613-882-7467
www.meadowbaygold.com
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