Oct 18 2012
Meadow Bay Gold Corporation is pleased to report it has executed a drilling contract and will be resuming drilling at its Atlanta Gold Mine Project, Lincoln County, Nevada before the end of October. Major Drilling based in Salt Lake City, Utah, has been awarded the drill contract.
As part of an agreement with the Bureau of Land Management (BLM), drilling was terminated in December of 2011 to allow for the resolution of various legacy permitting issues. At this point, all permits - including an occupancy permit for the Atlanta exploration camp - are in place to allow for in-fill drilling adjacent to the historic Atlanta open pit.
Drilling in 2011 both tested the down-dip extensions of the Atlanta shear zone mineralization and discovered intrusive-hosted gold mineralization in the Atlanta Porphyry. Recent U-Pb zircon dating has established a 35.91 +/- 0.56 Ma age for the quartz-latite porphyry - an age commonly associated with large Carlin-type deposits in north-central Nevada. This new drilling program will test areas adjacent to where previous exploration had intercepted mineralization away from the Atlanta shear zone.
Alex Khutorsky, CEO, commented, "Meadow Bay Gold is pleased to have received the necessary permits with the BLM and to have begun a partnership with Major Drilling whom we regard as one of the most professional drilling companies in the business."
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.
Source: http://www.meadowbaygold.com