Swimmingly
12 years ago
Sweet news today.
Atlanta Gold Reports Positive Results from Preliminary Metallurgical Testwork PrintAlert
Atlanta Gold Inc. (QX) (USOTC:ATLDF)
Intraday Stock Chart
Today : Thursday 18 October 2012
TORONTO, Oct. 18, 2012 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) announces positive metallurgical results from the 107-ton bulk sample extracted from exploration trenches at its Atlanta gold project in Elmore County, Idaho.
As previously announced on July 5th and August 12th, the Company processed the initial bulk sample at Knife River Corporation's test facility in Boise, Idaho. This test facility is meant to model their process plant operating in Idaho City which is effectively a giant sluice box that washes away lighter crushed rock from the gold particles. It uses no chemicals, is cost effective and is described in more detail in a September 15th local news article that can be viewed at: http://www.idahostatesman.com/2012/09/15/2272575/gold-mining-with-a-green-twist.html#storylink=misearch.
"These initial metallurgical test results confirm that the processing method successfully liberates the gold content present in the extracted material. We plan to work with Knife River to replicate the existing process facility on the Atlanta project site, improve the technology and customize it for Atlanta's purposes. Apart from the significant environmental benefits such as no use of chemicals, the recycling of water and the capturing of heavy metals, the capital and operating costs for this type of facility are expected to be much less than those for a conventional mill", said Ernie Simmons, President and CEO of the Company.
The 107-ton bulk sample was crushed down to a feed size of 1/8" which was processed in two days through the gravity-washed system, and samples were assayed at four collection points in the system (feed, sluice carpet, underjig and tailings). Free gold particles collected in the system would be sent for refining into doré gold bars; while the remaining sulphide material, commonly referred to as black sand will be further processed offsite.
Bulk Sample Grade Weight
opt Au gpt* Au tons pounds
Feed 0.049 1.69 107.00 214,000
Sluice 1.341 45.98 0.34 680
Underjig 0.058 2.00 7.50 15,000
Tailings 0.048 1.63 99.16 198,320
Total Sample 107.00 214,000
*1 troy ounce per short (Imperial) ton = 34.2857 grams per metric tonne or 34.2857 parts per million
The results indicate that processing of the initial bulk sample left significant amounts of gold behind in the tailings. Further test work is obviously necessary to improve recovery. Therefore, the Company will reduce the grind size of material to a feed size of +50 (+10 mm) mesh, relocate the jigs and reduce the angle of the sluice boxes so that less than 0.001 opt (0.034 gpt) Au remains in the tailings. A small test sample has been successfully processed subsequent to the 107-ton bulk sample, and demonstrates the potential of this refinement. It is anticipated that an ongoing program will be necessary to customize the process for the material extracted from the exploration trenches, and to optimize recoveries.
The Company had previously anticipated that the 107-ton bulk sample would yield a gold and silver concentrate weighing less than 1,000 pounds (news release of August 1, 2012). By implementing the above processing changes, the Company expects to meet its recovery and concentrate grade objectives.
Qualified Person
Eric Berentsen, a director of Atlanta Gold Inc. and a qualified person as defined by NI 43-101, has reviewed and verified the technical information contained in this news release. Mr. Berentsen is a Registered Member of The Society for Mining, Metallurgy and Exploration, Inc. (SME).
Quality Control and Assurance
Assay analyses are done by Inspectorate America Corporation of Sparks, Nevada, U.S.A. Inspectorate is a well known international laboratory that has operated in Nevada for more than 10 years. The facility is ISO certified 9001:2008.
Quality control and assurance of the analytical results is maintained at the laboratory by inserting standards, and blanks, into the sample run.
About the Company
Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation, leases, options or ownership interests in its Atlanta properties which comprise approximately 2,159 acres (8.74 square kilometers) located 90 air kilometers east of Boise, in Elmore County, Idaho. A long history of mining makes Atlanta very suitable for development of new mining projects. The Company is focused on advancing its core asset, Atlanta, towards mine development and production.
canucklehead80
12 years ago
Clean Gold In Idaho
Atlanta’s Bill Baird Discusses Chemical-Free Processing
Kevin Michael Grace
October 11, 2012 - Atlanta Gold Inc V.ATG announced October 2 the completion of a $500,000 private placement. Sprott Asset Management LP subscribed for 77% of the financing and now owns 17% of Atlanta, assuming exercise of warrants.
The company’s flagship property is its 100%-owned Atlanta Gold Property, which comprises 2,159 acres (8.74 square kilometers) located 90 kilometres east of Boise, in Elmore County, Idaho.
VP/CFO Bill Baird was interviewed by Kevin Michael Grace October 3. http://resourceswire.com/2012/10/clean-gold-in-idaho/
Swimmingly
13 years ago
Atlanta Gold Increases Gold Equivalent Resources at its Atlanta Property in Idaho
TORONTO, Feb. 9, 2012 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) announces that P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario has completed an independent updated resource estimate on the Company's Atlanta property in Idaho, USA. The estimate incorporates all drilling results to date, including the 57,000 foot core drilling program completed in 2011.
P&E estimates an Indicated mineral resource of 752,000 gold ounces within 7.77 million tons at an average grade of 0.097 ounces per ton ("opt") (3.32 grams per tonne) ("gpt") Au and an Inferred mineral resource of 385,900 ounces contained within 2.72 million tons at an average grade of 0.142 opt (4.87 gpt) Au. Using a gold to silver price ratio of 50.35:1, the updated Indicated mineral resource is 785,000 gold equivalent ("AuEq") ounces within 7.77 million tons at an average grade of 0.101 opt (3.46 gpt) AuEq and the Inferred mineral resource is 397,300 AuEq ounces within 2.72 million tons at an average grade of 0.146 opt (5.01 gpt) AuEq.
"Results from the 2011 exploration program have increased the Indicated gold resource by nearly 10% and our Inferred gold resource by 37%. We will now do some sensitivity studies on open-pit cut-off grades to optimize the economics of the project. Preliminary work indicates that modest increases in the open-pit cut-off grade will have a positive impact on project economics. This project now requires detailed economic and engineering studies to take it to production" said Ernest Simmons, Vice President and COO.
Details of the P&E resource estimate as at January 31, 2012 are provided in the following table:
http://finance.yahoo.com/news/Atlanta-Gold-Increases-Gold-cnw-327330727.html?x=0
RobC
13 years ago
Regarding the lawsuit and summary judgement… I guess we'll see where they are in June..
"The EPA has not released AGC from the requirements of its permit, nor has AGC taken steps to upgrade the PWTF so that its discharges will come into compliance with the effluent limitations stated in the permit. Because contaminated water continually flows from the Adit and because the PWTF has yet to treat that water so that its discharge complies with the permit, it is reasonable to conclude that AGC’s “wrongful behavior”, i.e., its non-compliant discharges, will continue.
At the same time, AGC did not renew its lease for the land which houses the Adit and the PWTF. Not only did it not renew that lease, but ten days after this lawsuit was filed it expressly opted out of its opportunity to purchase the land which houses the Adit and PWTF.
AGC contends that it is in negotiations with EPA and the USFS regarding the cessation of its operation of the PWTF. However, at this time, the PWTF is still operating and AGC still falls under the permit. These facts are distinguishable from Riverkeeper where the facility had been completely dismantled and the permit officially terminated. There is no evidence in the record that AGC’s proposed cessation and reclamation plan has been approved by the USFS and importantly, the EPA specifically stated that the PDES permit was not terminated following AGC’s notice of termination. (Hawley
Decl, Ex. 25, Dkt. 22-5). While the permit’s termination date is June 30, 2012, approximately six months remain until that time."
BTW.. This is not a PR.. It's in the lawsuit summary judgment found here:
http://www.advocateswest.org/sites/default/files/case/Atlanta%20Gold/files/Atlanta%20Gold%20SJ%20decision_0.pdf
To look at all the court documents go here:
http://www.advocateswest.org/case/atlanta-gold
RobC
13 years ago
So my last post was off topic. I see. You asked me some questions and answered them. Sorry you didn't like my answers. Does that mean the questions you asked are off topic as well? :)
Regardless of 'your' motivation, here's more on Altanta Gold Mine.
Study this to understand the 'local' issues' (yes Atlanta is profiled here as well): http://idahoptv.org/outdoors/shows/miningidaho/
If you read this carefully: http://www.kboi2.com/news/local/Judge-rules-against-Atlanta-Gold-in-pollution-case-136976103.html
You will easily come to the conclusion why I say game over.
First.. Look at KBOI Channel 2 and some of the reporting they have done in the past. They have a tendency to hit hard and are usually fair and accurate as an independent news source.
Atlanta Gold has had stake in Atlanta since 2005. It's been what? 7 years?
A U.S. Magistrate Judge on Monday issued a ruling against the mining company and basically shut it down. This means no more exploration, no near term drilling, all work must stop.
A quick look at their financials and you'd see they are simply swapping shares and promises of gold. Where did they list 1M oz from operations? All their income is from debt financing or stock trading activities. Where is the corporate headquarters located in Boise? Where are they hiding the equipment. Have they hired any local employees? These things are tangible, no?
Every pink company claims these things.. Their financial statements are literally marketing documents. Have any of these things actually materialized? My biggest red flag is why the CFO has a Gmail email address? I bet if you look them up in Toronto, it's a rent-a-office or mail drop. Also, with gold at an all time high why has ATLDF lost over half its value and is trading near it's all time low? See when it dropped? Shortly after September 23.. Know why that date is significant? Right after the release of the 3rd quarter report and the MD&A, maybe? What information was in those documents? Or was it right after the filing of the lawsuit? Interesting their biggest expenditure was to their IR firm.
And the official response is a PR from the company and an outdated article written in August 2011.
Read the artical again, but read it in the context of todays developments:
"The only downside is that it has close to 150 million shares outstanding, which could be acting as a drag on the stock price. The market hasn't fully reflected what the company has delivered in its share price.
TGR: What is going to take Atlanta to the next level?
VK: Atlanta is continuing with a fairly aggressive drill program. The company will look to raise its resource estimate further. It's also simultaneously working on getting into a production scenario in two to three years. Catalysts for investors in Atlanta Gold will happen as it develops projects and hits milestones. The company has strong exploration potential and an opportunity to expand and upgrade resources as it continues to drill at various targets."
http://seekingalpha.com/article/285189-ubika-research-s-vishy-karamadam-looking-for-high-quality-junior-mining-companies
Change that above to "Can't continue with it's drill program"and the entire statement "strong potential" part becomes moot.
The PR indicates the hint of an appeal. How long will that go on? How many more years do you think it will take to get to the center of the lollypop? Again and IMO, given the culture here and their past performance, their operation is done.
Swimmingly
13 years ago
In its findings, the Court did not conclude that AGC caused pollutants to be discharged. The Court found that the levels of arsenic in the water discharge violated the effluent limit contained in the permit. No penalties have been assessed. The Company takes its environmental responsibilities very seriously. While the Company is disappointed with the Court's ruling, it believes that the authorities will recognize AGC's past and continuing efforts to remove arsenic. AGC's plans for further improvement will be taken into account in the next stage of proceedings in which the Court will determine a penalty, if any, for the non-compliance. From operating the PWTF, AGC has gathered important scientific data to commit to environmental compliance for future planned operations.
http://finance.yahoo.com/news/Atlanta-Gold-Inc-responds-cnw-1860703234.html?x=0
RobC
13 years ago
A PR.. Lol Well that's why they call it a "Forward Looking Statement." I don't hold a position here and I wish them luck. I do know this this isn't the 1860's anymore.. I've been to Atlanta dozens of times, seen 100's of abandoned mines and have lived in Boise for over 20 years. While Idaho is a very 'pro business' State to do business in, anything that even 'hints' of water pollution won't be tolerated. It's not even political here. Both the left and right are in agreement.
Don't get me wrong, I'm of the thinking that strip mining actually prevents forest fires, but pollution (regardless of where it comes from or in what form it comes in) in the Boise River is a huge issue.
If you have a position in this company you may want to do some additional research from the perspective of how the community views the company. Take a moment and actually study why this mining company, having already been labeled as a polluter or refusing to clean up pollution, will likely never produce another ounce of gold from near Atlanta again.. Water is our most precious resource. The odds this thing will 'go away' through appeal are nil.
TEMPLETON1
13 years ago
It shows on etrade ATLDF News and then this is what is listed:
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Meadow Bay Gold Receives Conditional Approval for Graduation to Toronto Stock Exchange
Jan 10, 2012 08:00:00 (ET)
VANCOUVER, British Columbia, Jan. 10, 2012 /PRNewswire via COMTEX/ -- Meadow Bay Gold Corporation ("Meadow Bay Gold") (otcqx:MAYGF) has received conditional approval for its common shares to be listed on the Toronto Stock Exchange ("TSX"), subject to customary deliverables. Meadow Bay Gold's common shares will commence trading on the TSX, once final approval is received, under the symbol "MAY".
"Meadow Bay Gold's graduation to the TSX is a testament to the significance and quality of the historic Atlanta Gold Mine, a former producer in the State of Nevada. As the premier stock exchange for resource companies, the TSX will enable Meadow Bay Gold to broaden its global investor reach as it executes its business plan of building a multi-million ounce gold deposit," said Robert Dinning, CEO of Meadow Bay Gold.
In connection with the listing on the TSX, the Corporation will apply to voluntarily delist its common shares from the TSX Venture Exchange, such delisting to be effective as of the date the common shares commence trading on the TSX.
For further information, please contact:
Meadow Bay Gold CorporationRobert Dinning, Chairman and CEO604-641-4450
Danny Gravelle, Investor RelationsGoal Capital949-481-5396
Bobby Mullins, First Canadian Capital Corp.1.866.580.8891
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE Meadow Bay Gold Corporation
TEMPLETON1
13 years ago
News!
Meadow Bay Gold Receives Conditional Approval for Graduation to Toronto Stock Exchange
Jan 10, 2012 08:00:00 (ET)
VANCOUVER, British Columbia, Jan. 10, 2012 /PRNewswire via COMTEX/ -- Meadow Bay Gold Corporation ("Meadow Bay Gold") (otcqx:MAYGF) has received conditional approval for its common shares to be listed on the Toronto Stock Exchange ("TSX"), subject to customary deliverables. Meadow Bay Gold's common shares will commence trading on the TSX, once final approval is received, under the symbol "MAY".
"Meadow Bay Gold's graduation to the TSX is a testament to the significance and quality of the historic Atlanta Gold Mine, a former producer in the State of Nevada. As the premier stock exchange for resource companies, the TSX will enable Meadow Bay Gold to broaden its global investor reach as it executes its business plan of building a multi-million ounce gold deposit," said Robert Dinning, CEO of Meadow Bay Gold.
In connection with the listing on the TSX, the Corporation will apply to voluntarily delist its common shares from the TSX Venture Exchange, such delisting to be effective as of the date the common shares commence trading on the TSX.
For further information, please contact:
Meadow Bay Gold CorporationRobert Dinning, Chairman and CEO604-641-4450
Danny Gravelle, Investor RelationsGoal Capital949-481-5396
Bobby Mullins, First Canadian Capital Corp.1.866.580.8891
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE Meadow Bay Gold Corporation
TEMPLETON1
13 years ago
Thanks for the info!! We have NEWS!! It posted on Etrade!!!
Meadow Bay Gold Reports New Drill Results from the Atlanta Gold Mine in Nevada
Nov 16, 2011 07:00:00 (ET)
VANCOUVER, British Columbia, Nov. 16, 2011 /PRNewswire via COMTEX/ -- Meadow Bay Gold Corporation ("Meadow Bay Gold") (otcqx:MAYGF) is pleased to report assay results from four core drill holes at its drilling program at the Atlanta Gold Mine, Lincoln County, Nevada.
Two of drill holes complete the confirmatory drilling program on the Atlanta Fault deposit. The purpose of this program is to test for thickness and grade of gold and silver mineralization adjacent to the past producing Atlanta Pit that was closed in 1985 due to low gold prices. The historic mineralization occurs primarily in a jasperoid fault breccia between overlying Tertiary volcanic rocks and Paleozoic sedimentary rocks.
Drill holes DHRC-11-03C and -07C were collared to the west and northwest of the pit and tested holes previously drilled by Gold Fields and Kinross, respectively. The results from these drill holes generally corroborate the results from the previous drilling. Both holes are in the Atlanta Fault breccia although the mineralized intercept in -07C is unusually thick. In addition, hole -07C contained significant mineralization in the overlying mine dumps which represents a potential resource that has yet to be evaluated. While not a confirmation hole, DHRC-11-10C expands the limits of the jasperoid breccia to the south of the Atlanta Pit.
The recently announced gold porphyry mineralization discovery was extended 67 meters to the west by hole DHRC-11-11C. Three zones of potentially economic mineralization with an aggregate thickness of nearly 87 metres were intersected before the porphyry was truncated by the Atlanta Fault at depth. At present, significant precious metals mineralization in the porphyry has been traced for over 250 metres in an east-west direction. The porphyry remains open to the north, west and south.
Below is a table summarizing the significant drill results from the new drill holes:
Drill Hole Area Total Depth (m) From (m) To (m) Width (m) Au g/t Ag g/t eAu g/t
----------- ------------------------------ ---------------- -------- ------ --------- ------ ------ -------
DHRC-11-03C Jasperoid Breccia West of Pit 170.99 150.88 170.69 19.81 2.52 52.8 3.51
----------- ------------------------------ ---------------- -------- ------ --------- ------ ------ -------
DHRC-11-07C Jasperoid Breccia NW of Pit 292.91 0.00 6.10 6.10 1.19 500.5 10.64
----------- ------------------------------ ---------------- -------- ------ --------- ------ ------ -------
202.69 292.91 90.22 0.95 25.4 1.43
-------- ------ --------- ------ ------ -------
DHRC-11-10C Jasperoid Breccia South of Pit 160.93 76.20 114,30 38.10 1.80 24.0 2.25
----------- ------------------------------ ---------------- -------- ------ --------- ------ ------ -------
DHRC-11-11C Quartz Latite Porphyry 447.45 266.70 301.75 35.05 0.18 52.9 1.18
----------- ------------------------------ ---------------- -------- ------ --------- ------ ------ -------
324.61 350.52 25.91 0.74 2.8 0.80
-------- ------ --------- ------ ------ -------
411.48 437.39 25.91 1.92 21.6 2.32
-------- ------ --------- ------ ------ -------
Note: eAu calculated at an Au:Ag ratio of 1:53
At present, two drills are exploring the Atlanta project. The core drill is testing for porphyry-style mineralization further to the west of DHRC-11-11C. The reverse circulation drill is engaged in in-fill drilling on the Atlanta Fault breccia north of the Atlanta Pit. A second RC rig with deep-drilling capabilities is being evaluated for additional holes in the porphyry this drilling season.
Updated drill hole location maps, cross sections and tables of results are available on the Meadow Bay Gold website at www.meadowbaygold.com .
Robert Dinning, CEO commented, "The continued success with the confirmation drilling program combined with our step-out drilling is advancing the redevelopment at a faster pace than anticipated keeping us on track to produce a resource estimate in the new year."
Bill Reed, a Qualified Person as defined by National Instrument 43-101, and director of Meadow Bay Gold has reviewed the contents of this press release. An ongoing QA/QC program is being employed including blank, duplicate and reference standards with samples are being assayed at the ALS Chemex lab in Elko Nevada, by fire assay with a gravimetric finish. Meadow Bay Gold is focused on developing the former producing Atlanta Gold Mine in Nevada, USA. Drilling continues as does reconnaissance exploration on recently staked claims to the northwest and southeast.
For further information please contact:
Meadow Bay Gold Corporation
Robert Dinning, CEOCharles William Reed, DirectorTel: 604-641-4450
First Canadian Capital Corp.Bobby MullinsTel: 866-580-8891
Launch IRMatthew HarringtonTel: 613-882-7467
Goal CapitalDanny GravelleTel: 949-481-5396
SOURCE Meadow Bay Gold Corporation
canucklehead80
13 years ago
Atlanta Gold CFO Bill Baird on Idaho gold assays of 7.79 g/t over 19.8m
Atlanta Gold Inc TSXV:ATG announced drill results from its Atlanta property in Idaho. Assays include
7.79 g/t gold over 19.8 metres (including 25.92 g/t over 4.6 metres)
11.58 g/t over 10.7 metres (including 24.32 g/t over 4.6 metres)
8.14 g/t over 6.1 metres (including 11.83 g/t over 3 metres)
4.51 g/t over 13.7 metres
A September 2011 43-101 estimates 6.83 million tonnes grading 3.45 g/t gold for 686,600 gold ounces and 9.04 g/t silver for 1.8 million silver ounces indicated and 1.79 million tonnes grading 5.42 g/t gold for 282,400 gold ounces and 8.16 g/t silver for 425,400 silver ounces inferred. The gold-equivalent numbers are 719,000 ounces indicated and 290,100 ounces inferred.
Read the interview: http://bit.ly/r4NPPR
TEMPLETON1
13 years ago
News For ATLDF!!!!!
Meadow Bay Gold Discovers Porphyry-Hosted Gold Mineralization at Its Atlanta Gold Mine Project in NevadaFont size: A | A | A8:00 AM ET 10/13/11 | PR Newswire
Meadow Bay Gold Corporation ("Meadow Bay Gold") (TSXV:MAY) (OTCQX:MAYGF) is pleased to report assay results from three additional core drill holes of its drilling program at the Atlanta Gold Mine in Lincoln County, Nevada.
The purpose of the drill program is to test for thickness and grade of gold and silver mineralization adjacent to the past producing Atlanta Pit that was closed in 1985 due to low gold prices. The mineralization occurs primarily in a jasperoid fault breccia between overlying Tertiary volcanic rocks and Paleozoic sedimentary rocks.
Drill hole DHRC-11-04C was an exploratory hole directed southwest of the Atlanta Pit to test a geophysical anomaly. Historic drilling to the southwest of the pit failed to recognize that disseminated gold mineralization is hosted in a late-state quartz latite intrusive porphyry. In contrast to the gold and silver mineralization in the jasperoid breccias within the Atlanta Fault, the porphyry-hosted mineralization is not silificified and is much thicker. The recognition of porphyry-hosted gold mineralization adds a second exploration target to the Atlanta Mine Project. Highlights of DHRC-11-04C include ~62m of 1.63g/t eAu (see table below).
Drill holes DHRC-11-06C and -09C were collared to the Southwest of the pit and are amongst confirmatory holes to test previous drilling. Results from drill holes DHRC-11-01C and -02C were reported by Meadow Bay Gold news release dated August 22, 2011 (see news releases at www.meadowbaygold.com).
Holes DHRC-11-03C and -07C will complete the six-hole confirmation program, in accordance with the guidelines set out by Gustavson Associates LLC of Boulder, Colorado, designed to review the current and historic data with a view to preparing an updated estimate of the gold and silver resources pursuant to National Instrument 43-101. Results from these holes are pending assay.
Below is a table summarizing the significant drill results:
View data
Drill Hole Area Total Depth (m) From (m) To (m) Interval (m) eAu g/t
----------- -------------------------------- --------------- -------- ------ ------------ -------
DHRC-11-04C Margin of Quartz Latite Porphyry 365.76 198.12 260.60 62.48 1.63
----------- -------------------------------- --------------- -------- ------ ------------ -------
269.75 301.75 32.00 1.35
-------- ------ ------------ -------
DHRC-11-06C Margin of Quartz Latite Porphyry 317.60 228.60 292.61 64.01 1.43
----------- -------------------------------- --------------- -------- ------ ------------ -------
Including 7.01 6.71
--------------- ------------ -------
DHRC-11-09C Southwest of Atlanta Pit 256.49 172.21 188.98 16.77 0.56
----------- -------------------------------- --------------- -------- ------ ------------ -------
196.60 231.65 35.05 3.86
-------- ------ ------------ -------
Including 16.77 6.60
--------------- ------------ -------
Drill Hole Area Total Depth (m) From (m) To (m) Interval (m) eAu g/t ----------- -------------------------------- --------------- -------- ------ ------------ ------- DHRC-11-04C Margin of Quartz Latite Porphyry 365.76 198.12 260.60 62.48 1.63 ----------- -------------------------------- --------------- -------- ------ ------------ ------- 269.75 301.75 32.00 1.35 -------- ------ ------------ ------- DHRC-11-06C Margin of Quartz Latite Porphyry 317.60 228.60 292.61 64.01 1.43 ----------- -------------------------------- --------------- -------- ------ ------------ ------- Including 7.01 6.71 --------------- ------------ ------- DHRC-11-09C Southwest of Atlanta Pit 256.49 172.21 188.98 16.77 0.56 ----------- -------------------------------- --------------- -------- ------ ------------ ------- 196.60 231.65 35.05 3.86 -------- ------ ------------ ------- Including 16.77 6.60 --------------- ------------ -------
These drill results show the effects of progressively moving away from the margin of the historic pit toward the quartz latite porphyry. Hole DHRC-11-09 shows both an increase in grade and thickness in altered rocks along the margin of the intrusive. Holes -04C and -06C include marginal faces of the intrusive that contain thick intercepts of gold mineralization. Thus far the extent and geometry of the intrusive porphyry are unknown. However, geophysics indicates that it is open to the west, north and south. Continued drilling (awaiting assay) also suggests in may be thickening to the west.
The drill hole location map (see link) and cross section (see link) is also available on the Meadow Bay Gold website.
Robert Dinning, CEO commented, "We are very excited by this new discovery of a gold bearing porphyry directly adjacent to the known mineralized shear zone at Atlanta. This discovery has opened up a large additional tonnage opportunity for us in close proximity to the existing open pit. In addition, it has highlighted the need for us to explore - not just laterally along the breccia hosted ore-body to the north - but our other geophysical anomalies at the Atlanta project."
Bill Reed, a Qualified Person as defined by National Instrument 43-101, and Director of Meadow Bay Gold has reviewed the contents of this press release. An ongoing QA/QC program is being employed including blank, duplicate and reference standards with samples are being assayed at the ALS Chemex lab in Elko Nevada, by fire assay with a gravimetric finish. Meadow Bay Gold is focused on developing the former producing Atlanta Gold Mine in Nevada, USA. Drilling continues as does reconnaissance exploration on recently staked claims to the northwest and southeast.
For further information please see www.meadowbaygold.com or contact:
Meadow Bay Gold CorporationRobert Dinning, CEOCharles William Reed, DirectorTel: 604-641-4450
Launch IRMatthew HarringtonTel: 613-882-7467
Goal CapitalDanny GravelleTel: 949-481-5396
To View Map Images below, please Copy and Paste into a New Viewer:http://thenewswire.ca/client_files/2011-10-12-0.pdfhttp://thenewswire.ca/client_files/2011-10-12-1.pdf
SOURCE Meadow Bay Gold Corporation
canucklehead80
13 years ago
Shear Economy
Atlanta Advances its Idaho Gold-Silver Project
By Greg Klein
“Essentially, what we’re selling is cheap ounces in the ground,” explains Atlanta Gold TSX:ATG Director/VP/CFO Bill Baird. “Our discovery or development cost per ounce—including all overhead, all expenses in the company, everything—is less than $20 a [gold equivalent] ounce. We’ve got a very cost-effective operation.” That helps explain Baird’s ebullience during a time of market turbulence. And frugality notwithstanding, Atlanta’s game plan is ambitious. The company aims for a 250,000-ounce increase in its gold-equivalent resource each year.
Check out http://resourceclips.com/2011/10/04/shear-economy/ to read the rest of this article!
TEMPLETON1
13 years ago
TORONTO , Sept. 27, 2011 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) announces drill results from its 2011 shallow confirmation drilling program in the East Extension and Monarch areas on its Atlanta property in Idaho, with the highest gold value of 25.920 grams per tonne (gpt) Au over 4.5 metres confirming the potential for higher grade gold mineralization both near the surface and at depth. Assay results of 3.0 gpt Au or higher included in holes D11074E24 and D11081E26 located in the East Extension area, hole D11015W27 in the Monarch area, and hole D11181W39 in the Buffalo Mine Zone, are provided in the table below. The Monarch Shaft was the primary historic development shaft and is located approximately in the center of the mineralized Atlanta Shear Zone, with the Buffalo Mine Shaft located 213 metres to the west and the East Extension Area located 549 metres to the east of the Monarch Shaft.
Swimmingly
13 years ago
Form D is an SEC Filing form to be used to file a notice of an exempt offering of securities under Regulation D. Commission rules require the notice to be filed by companies and funds that have sold securities without registration under the Securities Act of 1933 in an offering based on a claim of exemption under Rule 504, 505 or 506 of Regulation D or Section 4(6) of that statute. Commission rules further require the notice to be filed within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. If the due date falls on a Saturday, Sunday or holiday, it is moved to the next business day.
Privately-held companies that raise capital are required to file a Form D with the SEC to declare exempt offering of securities. Many of these filings show investments in small, growing companies through venture capital and angel investors, as well as certain pooled investment funds.
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