Meadow Bay Gold reported that it has received assay results from its Atlanta Gold Mine Project, Lincoln County, Nevada.
Drilling in 2011 tested the extent of Atlanta Fault zone mineralization and also discovered porphyry-hosted gold mineralization to the west of the historic Atlanta open pit. The porphyry-hosted mineralization is distinctly different from the gold-silver mineralization within the jasperoid breccias of the Atlanta Fault previously mined. After the discovery was made, drilling was redirected to explore the extent of the porphyry intrusive and determine the continuity of gold mineralization north of the discovery hole.
Assay results from two of the remaining holes were significant. Hole DHRC-11-RCN04 tested the central portion of the Atlanta porphyry. Previous assay results have indicated that gold mineralization occurs within both the northern and southern portions of the intrusive. This is one of several holes drilled to test the continuity of the mineralization.
Hole DHRC-11-011R is the southernmost drill hole to intersect gold mineralization within the Atlanta shear zone. This hole was drilled due south at an inclination of -60 degrees. The true thickness of the mineralized intercept has not been determined.
Robert Dinning, CEO commented, “Now that we have received all of the remaining assays from the 2011 program, we can turn our focus to our plans for 2012. These include our next rounds of definition and exploration drilling as well creating a new NI 43-101 compliant resource estimate.”
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