MEADOW BAY GOLD COMMENCES DRILLING AT ATLANTA PROJECT
Vancouver, BC – September 24, 2015 – Meadow Bay Gold Corporation (“Meadow Bay Gold” or the “Company”) (TSX:MAY) (OTCQB:MAYGF) (Frankfurt: 20M, WKN A1C3DN) is pleased to report that it has begun drilling at its flagship Atlanta Gold Mine Project in Lincoln County, Nevada.
Layne Christensen Company of Chandler, Arizona, mobilized an Ingersoll Rand TH 75 drill to the project site and has broken ground on the initial hole. The purpose of the drilling is to in-fill “donut holes” within the existing resource. The initial drill holes are to the north and west of the historic pit where drilling in 2012 intersected mineralization that is both thicker and higher in grade than what is typical for the Atlanta Shear Zone.
Drilling will be by reverse circulation with samples processed by Meadow Bay personnel at the project site. ALS Minerals will perform sample analysis at their Elko, Nevada, facility. QA/QC protocols including blanks, standards, duplicates and chain of custody have been established and will be followed. While all of the drilling will be conducted on the Company’s patented mining claims, environmental safeguards will be adhered to as if the drilling were on public lands.
“Because we are filling in holes within the existing resource, our confidence that this drilling will be successful is very high,” states Christopher Crupi, CEO of Meadow Bay Gold. “Ultimately, we intend to incorporate these results into the existing database and produce an expanded resource estimate. The Atlanta deposit is already one of the most interesting Nevada gold resources owned by a junior and our goal is to make it bigger and better.”
As soon as the drilling in the pit area is completed, the drill will move to the Western Knolls target area. Discovery drilling there will test geophysical and geochemical targets.
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.
For further information please contact:
Meadow Bay Gold Corporation
Christopher Crupi, CEO
Charles “Bill” Reed, Director
Matthew Harrington, Launch IR
This release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking information includes, but is not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as the calculation of a new mineral resource estimate.
Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate” or “belief” or describes a “goal” or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Forward-looking information is based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen breakdowns, that no labor shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking information involves known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold and silver; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company’s publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.