Meadow Bay Gold Corporation (MAY) 뉴스

Anybody heard what the results were of the BofD meeting today?

The Atlanta 43-101 lists a historic resource of 464,000 ounces of gold and 3.9 million ounces of silver at an 0.02 cut-off. The goal is to get it to 1 million ounces.

Meadow Bay Gold Corp is a new exploration/development junior. They have picked up the Atlanta Mine in eastern Nevada. A 43-101 for the project is on their website.

MEADOW BAY GOLD CORPORATION
# 804 – 750 WEST PENDER STREET
VANCOUVER, BC V6C 2T7
T: 604-682-2928 F: 604-685-6905
May 9, 2011 - News Release

TSXV: MAY
WKN: A1C3DN

Meadow Bay Gold retains Kirkness Diamond Drilling to Commence Atlanta Mine Drill Program

Vancouver, Canada- (MarketWire) – May 9, 2011 - Meadow Bay Gold Corporation (“Meadow Bay”) (TSXV:MAY) (Frankfurt: 20M WKN A1C3DN) (OTC:MBYCF) has retained Kirkness Diamond Drilling Inc. of Carson City, Nevada to commence a drill program at its newly acquired former producing Atlanta Gold and Silver Mine in south eastern Nevada.

Bill Reed, Director of Exploration for Meadow Bay Gold and the co-founder of Paramount Gold and Silver Corp (NYSE:PZG) commented, “Given the current gold price, Meadow Bay Gold is very excited to drill the Atlanta Gold and Silver Mine with a view to confirming and expanding the historic Kinross gold and silver resources. We will also be looking at new targets and hope to make a new discovery.”

The Atlanta Gold and Silver Mine and two other Nevada Gold projects were acquired by Meadow Bay Gold in March of 2011. The purpose of this $1.7 million exploration program is to expand and test the known historical gold and silver resources. The Atlanta Mine was closed in 1986, however, the remaining indicated resource of 338,520 ounces gold (6.21 million tons grading 0.054 oz/ton Au) and inferred resource of 125,960 ounces of gold (3.07 million tons grading 0.041 oz/ton Au) and indicated resource of 3.1 ounces of silver (6.21 million tons grading 0.506 oz/ton Ag) and an inferred resource of 0.7million ounces of silver (3.07 million tons grading 0.236 oz/ton Ag) has been estimated by previous workers is not compliant with standards as set out in National Instrument 43-101. This historical resource is based upon an internal study completed by Kinross Gold U.S.A. Inc. during the period of 1997-1998. Kinross performed extensive field mapping and sampling plus along with drilling of approximately 80 RC holes for a total of 54,255 feet. This drilling combined with the prior drilling by Gold Fields with 11 core holes (9,286 feet) and 71 reverse circulation holes (46,735 feet) and the drill program by Standard Slag provides the database for the internal resource estimate. Block models were prepared and resources calculated based upon various cut-off grades. The reported historical resources were calculated at a cut-off grade of 0.02 oz/ton Au.

Tim Master, a Qualified Person under National Instrument 43-101, has reviewed the contents of this news release.

Meadow Bay Gold Corporation
Robert Dinning, Chairman and CEO