Vancouver, BC –October 13, 2011 Meadow Bay Gold Corporation (“Meadow Bay Gold”) (TSXV:MAY) (OTCQX:MAYGF) is pleased to report assay results from three additional core drill holes of its drilling program at the Atlanta Gold Mine in Lincoln County, Nevada.
The purpose of the drill program is to test for thickness and grade of gold and silver mineralization adjacent to the past producing Atlanta Pit that was closed in 1985 due to low gold prices. The mineralization occurs primarily in a jasperoid fault breccia between overlying Tertiary volcanic rocks and Paleozoic sedimentary rocks.
Drill hole DHRC-11-04C was an exploratory hole directed southwest of the Atlanta Pit to test a geophysical anomaly. Historic drilling to the southwest of the pit failed to recognize that disseminated gold mineralization is hosted in a late-state quartz latite intrusive porphyry. In contrast to the gold and silver mineralization in the jasperoid breccias within the Atlanta Fault, the porphyry-hosted mineralization is not silificified and is much thicker. The recognition of porphyry-hosted gold mineralization adds a second exploration target to the Atlanta Mine Project. Highlights of DHRC-11-04C include ~62m of 1.63g/t eAu (see table below).
Drill holes DHRC-11-06C and -09C were collared to the Southwest of the pit and are amongst confirmatory holes to test previous drilling. Results from drill holes DHRC-11-01C and -02C were reported by Meadow Bay Gold news release dated August 22, 2011 (see news releases at www.meadowbaygold.com).
Holes DHRC-11-03C and -07C will complete the six-hole confirmation program, in accordance with the guidelines set out by Gustavson Associates LLC of Boulder, Colorado, designed to review the current and historic data with a view to preparing an updated estimate of the gold and silver resources pursuant to National Instrument 43-101. Results from these holes are pending assay.
Below is a table summarizing the significant drill results: