Aug 14 2015
Meadow Bay Gold Corporation ("Meadow Bay Gold" or the "Company") is pleased to report that drilling is planned for this fall at its flagship Atlanta Gold Mine Project in Lincoln County, Nevada. Bids for two separate projects have been solicited from drill contractors.
The first project will entail reverse circulation (RC) drilling at the existing resource surrounding the historic Atlanta Mine. Previous drilling in 2011 left untested areas within the confines of the defined resource. The goal of this drill program is to explore these 'donut holes' within both the Atlanta Shear Zone as well as the adjacent Atlanta Porphyry. A limited drill program in 2012 was successful in filling in one of the holes and demonstrated the continuity of mineralization.
The second project will be a maiden drill program at the Western Knolls which lies just to the west of the Atlanta Mine. Previous work at the Western Knolls consisting of geochemical and geophysical surveys has revealed a broad area of alteration with attendant precious metal values. Because this area has never been drilled, diamond core is needed to provide critical 3D geologic information. Initial targets have been selected on the basis of a geophysical synthesis that suggests similarities with the Atlanta Porphyry.
Both projects will be staged out of the Company's camp at the Atlanta Mine. The camp is in close proximity to both projects and has ample accommodations for both projects to be conducted simultaneously.
"Meadow Bay's goal is to increase the resource at the Atlanta Mine by an additional 50% by filling in the donut holes. We think this is easily achievable." states Christopher Crupi, CEO of Meadow Bay Gold. "At the Western Knolls our goal is to move this exciting project toward a discovery. We continue to be amazed that with all the exploration that has taken place in Nevada over the last fifty years, virgin properties such as the Western Knolls remain to be tested."
Charles "Bill" Reed, a Qualified Person as defined by National Instrument 43-101 and Director of the Company, has reviewed and approved the contents of this press release.