Meadow Bay Gold Completes First Hole at Its Atlanta Gold Mine Project in Nevada
November 14 2012 - 8:00AM
Marketwired
Meadow Bay Gold Corporation ("Meadow Bay Gold" or the "Company")
(TSX:MAY)(OTCQX:MAYGF)(FRANKFURT:20M)(WKN A1C3DN) is pleased to
report it that it has completed the first hole in its 2012 drilling
program at its Atlanta Gold Mine Project, Lincoln County,
Nevada.
Drilling in late 2011 discovered a zone of precious metal
mineralization northwest of the historic Atlanta pit that is both
thicker and higher in grade than the average resource at Atlanta.
This mineralization was observed in both the Atlanta shear zone and
in the porphyry. The current drilling program will focus on both
in-fill drilling for the widely-spaced 2011 holes, as well as
step-out drilling to the north. The existing drill program was
inspired by the following results from the Company's 2011 drilling
effort:
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Total
Depth Width
Drill Hole Area (m) From (m) To (m) (m) Au g/t Ag g/t
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DHRC-11-07C Jasperoid Breccia
NW of Pit 292.91 202.69 292.91 90.22 0.95 25.4
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DHRC-11-N02 Jasperoid Breccia
NW of Pit 339.85 208.84 314.02 105.18 1.99 13.0
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DHRC-11-N03 Jasperoid Breccia
NW of Pit 377.95 263.72 321.65 57.93 3.55 19.8
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DHRC-11-N04 Jasperoid Breccia
NW of Pit 385.57 329.27 350.61 21.34 2.77 9.4
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Alex Khutorsky, CEO commented, "Meadow Bay Gold is pleased to
have resumed drilling at its Atlanta Gold Project. The successful
work completed during our 2011 drill program is guiding our current
drilling effort. This is the next step toward furthering our
understanding of what we have and, perhaps, making some new
discoveries along the way."
Dr. Matt Ball, P.Geo., a Qualified Person as defined by National
Instrument 43-101 and independent consultant to the Company, has
reviewed the contents of this press release.
Meadow Bay Gold is focused on developing the former producing
Atlanta Gold Mine in Nevada, USA. Permitting for the next round of
exploration drilling is ongoing.
Forward-looking information
This release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation, including
predictions, projections and forecasts. Forward-looking information
includes, but are not limited to, statements that address
activities, events or developments that the Company expects or
anticipates will or may occur in the future, including such things
as the calculation of a new mineral resource estimate.
Often, but not always, forward-looking information can be
identified by the use of words such as "plans", "planning",
"planned", "expects" or "looking forward", "does not expect",
"continues", "scheduled", "estimates", "forecasts", "intends",
"potential", "anticipates", "does not anticipate" or "belief" or
describes a "goal" or variation of such words and phrases or state
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved.
Forward-looking information is based on a number of material
factors and assumptions, including, the result of drilling and
exploration activities, that contracted parties provide goods
and/or services on the agreed timeframes, that equipment necessary
for exploration is available as scheduled and does not incur
unforeseen breakdowns, that no labour shortages or delays are
incurred, that plant and equipment function as specified, that no
unusual geological or technical problems occur, and that laboratory
and other related services are available and perform as contracted.
Forward-looking information involves known and unknown risks,
future events, conditions, uncertainties and other factors which
may cause the actual results, performance or achievements to be
materially different from any future results, prediction,
projection, forecast, performance or achievements expressed or
implied by the forward-looking information. Such factors include,
among others, the interpretation and actual results of current
exploration activities; changes in project parameters as plans
continue to be refined; future prices of gold and silver; possible
variations in grade or recovery rates; failure of equipment or
processes to operate as anticipated; the failure of contracted
parties to perform; labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing
or in the completion of exploration, as well as those factors
disclosed in the company's publicly filed documents. Although the
Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking information, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. Except as
required under applicable securities legislation, the Company
undertakes no obligation to publicly update or revise
forward-looking information.
Contacts: Meadow Bay Gold Corporation Alex Khutorsky CEO
604-641-4450 or Toll Free: 1-855-777-4692 1-855-577-4622 (FAX)
www.meadowbaygold.com Meadow Bay Gold Corporation Charles William
Reed Director 604-641-4450 Meadow Bay Gold Corporation Danny
Gravelle Investor Relations 949-481-5396