Meadow Bay Gold has reported assay results of one core drill hole and five reverse circulations in the Atlanta Gold Mine Project at Lincoln County of Nevada.
The five holes include, DHRC 11-15C, DHRC-11-RCN07, DHRC-11-RCN03, DHRC-11-RCN05 and DHRC-11-RCN06. In every porphyry hole, mineralization of gold has been detected. The assay results showed that DHRC-11-RCN07 and DHRC 11-15C holes have less gold, whereas, at targeted intervals, DHRC-11-RCN06 hole has low recovery of gold. Silver and gold mineralization was higher in DHRC-11-RCN02 hole, which intercepted through the northwestern Atlanta pit’s jasperoid breccia.
Based on the outcome, gold mineralization is possible at about 400m north-south and 300m east-west angles of Atlanta Porphyry. The east-west angle fault that cut the mineralization region of Atlanta fault also interferes in the south. In the east, the porphyry emerges out and in the west; it is truncated by a fault. North is yet to be explored by drilling.
The quality analysis included observation of blanks, random duplicate samples and standard reference samples, which have been added at around 1%, 1-5% and 2% intervals, respectively, in the sample stream. Gold determination was carried out using gravimetric fire assay, ALS Minerals laboratory, which has an ISO 9001:2008 certification and is located in Elko Nevada conducted geochemical analysis.
The CEO of the company, Mr. Robert Dinning stated that the identification of gold in the porphyry has raised a query to discover gold in north. Assuring the presence of gold and silver in Atlanta Porphyry, more information are necessary to know- how the spreading of the valuable metals in the porphyry. The company will explore different places having same geophysical features, for gold mineralization, in Atlanta.
The company shows an alarm signal for the results obtained as they are in nascent stage and only less information has been obtained for the drill intersections.
Source: http://www.meadowbaygold.com