Meadow Bay Gold (TSE:MAY)(OTCQX:MAYGF) Thursday received assay results from its Atlanta Gold Mine project in Lincoln County, Nevada.
Drilling in 2011 tested the extent of Atlanta Fault zone
mineralization and also discovered porphyry-hosted gold mineralization
to the west of the historic Atlanta open pit.
"Now that we have received all of the remaining assays from the 2011
program, we can turn our focus to our plans for 2012," Meadow Bay's CEO
Robert Dinning said.
"These include our next rounds of definition and exploration drilling
as well creating a new NI 43-101 compliant resource estimate."
Assay results from two of the remaining holes were significant. Hole
DHRC-11-RCN04 tested the central portion of the Atlanta porphyry and
encountered 2.77 grams per tonne (g/t) gold and 9.4 g/t silver over
Previous assay results have indicated that gold mineralization occurs
within both the northern and southern portions of the intrusive. This
is one of several holes drilled to test the continuity of the
mineralization, the company said.
Meanwhile, hole DHRC-11-011R is the southernmost drill hole to
intersect gold mineralization within the Atlanta shear zone. The hole
encountered 1.07 g/t gold and 5 g/t silver over 25.91 metres.
The porphyry-hosted mineralization is distinctly different from the
gold-silver mineralization within the jasperoid breccias of the Atlanta
Fault previously mined.
After the discovery was made, drilling was redirected to explore the
extent of the porphyry and determine the continuity of gold
mineralization north of the discovery hole.
Meadow Bay Gold is focused on developing the former producing Atlanta Gold Mine in Nevada.
Full details of drill hole location maps, cross sections and tables of results are available at www.meadowbaygold.com.