Meadow Bay Gold Consolidates the Atlanta Gold and Silver Mining District in Nevada
August 24 2011 - 1:59PM
Marketwired
Meadow Bay Gold Corporation ("Meadow Bay Gold") (TSX VENTURE:
MAY)(OTCQX: MAYGF) has completed its claim assembly in Lincoln
County, Nevada, unitizing the Atlanta Mining District centered on
the past producing Atlanta Gold Mine. The package now includes over
10,000 acres of mining and exploration claims divided amongst four
main projects as set out below - The Atlanta Gold Mine, Western
Knolls, PEG and Limestone Hills:
http://media3.marketwire.com/docs/OverallClaimPositionAug152011.jpg
Western Knolls
Initial examination of the area along the pipeline road to the
west of the Atlanta Mine revealed the presence of silicified,
brecciated and iron-stained volcanic rocks. Preliminary rock-chip
samples of favorable lithologies revealed the presence of precious
metals and key pathfinder elements in significant quantities.
Follow-up sampling has expanded the area of alteration to encompass
over three square miles. Currently, the area is being evaluated by
grid soil sampling over the area showing silicification.
Preliminary results suggest that this is an effective tool for
identifying areas worthy of more detailed exploration. Surface
magnetic and gravity surveys will be conducted over these areas in
the fall.
PEG
Initial widely spaced stream sediment samples turned up
anomalous values beneath cliffs of post-mineral volcanics south of
the Western Knolls. In addition to discovering favorable
lithologics and mineralization, initial reconnaissance exploration
has found exploration pits and shafts that are not mentioned in any
geologic reports. Preliminary soil samples were highly anomalous in
gold and a program of detailed follow-up soil sampling has been
started. The PEG area lies along the margin of the proposed White
Rock and Indian Peak Calderas, which may have localized potential
ore-bearing fluids.
Limestone Hills
The Limestone Hills are the next range of hills to the east of
the Atlanta Mine. Initial reconnaissance revealed that the
Paleozoic carbonate rocks are iron stained, silicified and
brecciated, particularly in proximity to the Tertiary volcanic
rocks on the south end of the claim block. Further investigations
revealed five RC drill sites from exploration dating back at least
from the early 1990s. Rock-chip samples from favorable lithologies
are currently in the lab being analyzed. Further work will include
trying to get the results of past drilling and conducting
preliminary soil sampling to see if this is an effective
exploration tool. Geologic mapping will be conducted during the
Fall to get a better understanding on the controls of
mineralization.
Meadow Bay Gold continues drilling at the Atlanta Gold Mine to
confirm the Kinross historic resource and execute its exploratory
program.
Charles (Bill) Reed commented, "The Atlanta Gold and Silver
District is a prospective precious metals district with exceptional
potential to be one of the most prolific mines in the State of
Nevada and we look forward to developing a multi million ounce gold
deposit at Atlanta."
Contacts: Meadow Bay Gold Corporation Robert Dinning CEO
604-907-0901 www.meadowbaygold.com Launch IR Matthew Harrington
613-882-7467 Goal Capital Danny Gravelle 949-481-5396
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