Meadow Bay Gold Corporation

Meadow Bay Gold Corporation

June 10, 2015 07:30 ET

Meadow Bay Gold Reconnaissance Samples 600 g/t Silver

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 10, 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 received assay results from samples taken recently in the Silver Park area of its Atlanta Gold Mine Project in Lincoln County, Nevada. The Atlanta Gold Mine is a former producer and has been the Company's flagship project since its acquisition in early 2011.

The entire suite of samples were anomalous with respect to gold and silver with half of the samples containing over half an ounce of silver per ton. The highest value received was in excess of 19 ounces of silver per ton contained in a 0.67 kg sample. Silver Park was a historic silver producer located in close proximity to the Atlanta Mine. It is noted for the high-grade of its silver chloride ores. Though the focus of its work has been at the Atlanta Mine and the Western Knolls target area, the Company has mining claims that cover much of the Silver Park area. Silver Park, the Atlanta Mine and the Western Knolls are believed to be genetically related to the same mineralizing event.

Sample Number Sample Weight (kg) Au (ppm) Ag (ppm)
AgHZ-01 0.56 0.017 8.7
AgHZ-02 0.36 0.037 23.4
AgHZ-03 0.95 0.030 9.4
AgHZ-04 0.67 0.412 604
AgHZ-05 0.95 0.009 23.9
AgHZ-06 0.58 0.073 3.4
AgHZ-07 0.74 0.106 6.7
AgHZ-08 0.37 0.031 56.5

"We are very encouraged by the results of this reconnaissance sampling at Silver Park," states Christopher Crupi, CEO of Meadow Bay Gold. "While Silver Park has been the focus of exploration in the past, our results suggest it may have potential that has been previously overlooked. We are in the process of integrating our results with the historical data. In particular, we think modern exploration techniques and a fresh set of eyes may find targets worthy of further testing."

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.

Forward-looking information

This release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking information includes, but are 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 labour 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; labour 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.

Contact Information

  • Meadow Bay Gold Corporation
    Christopher Crupi

    Meadow Bay Gold Corporation
    Charles "Bill" Reed

    Launch IR
    Matthew Harrington