Monday, 14 January 2013

Meadow Bay Gold says Atlanta project drilling confirms historic work

Meadow Bay Gold (TSE:MAY, OTC:MAYGF) revealed further results from drilling at the Atlanta project in Nevada, which it says confirm the width and grade of mineralisation.
The program is designed to follow up and confirm results in 2011 northwest of the historic Atlanta pit where drilling encountered unusually thick widths.
Last month the firm revealed that one hole had yielded 2.25 grams per tonne over 67 metres. 
Significant assays today included 2.12 g/t gold and 5.3 g/t silver over a width of 35.06 metres and an intersection of 9.15 metres at 6.21 g/t gold and 15.8 g/t silver.
The firm also highlighted that the holes terminated in mineralization and consequently are, at best, a minimum approximation of the extent of the shear zone mineralization.  
Chairman Robert Dinning said: “In addition to these drill results, Meadow Bay continues to make progress with its plan of operation as submitted to the Bureau of Land Management.
"We expect 2013 to be a year of progress at both our flagship Atlanta Project as well as at the adjacent Western Knolls where we intend to initiate discovery drilling later this year.” 
Meadow Bay Gold is focused on developing the former producing Atlanta Gold Mine in Nevada, USA and permitting for the next round of exploration drilling is ongoing.

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