Meadow Bay Gold Announces Follow-Up Drill Plan from Prior High Grade Drill Results at Its Colorback Gold Project in Nevada
15.04.2011 | Marketwire
VANCOUVER, April 14, 2011 - Meadow Bay Gold Corporation (the "Company") (TSX VENTURE: MAY) (FRANKFURT: 20M) (WKN: A1C3DN) is pleased to announce drill results fromits its Colorback Gold Project located between Barrick's Pipeline and Hilltop Gold deposits in Nevada (To see location maps, please visit the following link: http://media3.marketwire.com/docs/may414z.pdf
One trench and four core holes were drilled in the Colorback Gold Project prior to its acquisition by the Company. Highlights from the drill program are noted below:
Hole_Id M From M To Interval Width meters Gold Grade ppb Intercept Description
(1000ppb = 0.0292opt gold )
CB-01 67.67 71.63 3.96 4,080 3.96m @ 4,080.96 ppb
CB-01 88.09 90.98 2.89 627 2.89m @ 627.38 ppb
CB-01 95.86 97.38 1.52 763 1.52m @ 763.00 ppb
CB-01 101.19 102.41 1.22 2,052 1.22m @ 2,052.00 ppb
CB-01 106.98 108.51 1.53 787 1.53m @ 787.00 ppb
CB-01 109.27 113.39 4.12 2,742 4.12m @ 2,742.44 ppb
CB-01 143.56 144.93 1.37 628 1.37m @ 628.00 ppb
CB-01 169.32 170.84 1.52 301 1.52m @ 301.00 ppb
CB-01 172.52 173.74 1.22 397 1.22m @ 397.00 ppb
CB-02 57 58.83 1.83 664 1.83m @ 664.00 ppb
CB-02 115.52 117.04 1.52 861 1.52m @ 861.00 ppb
CB-03 75.9 78.64 2.74 904 2.74m @ 904.34 ppb
CB-04 54.56 57.61 3.05 3,655 3.05m @ 3,655.58 ppb
CB-04 160.32 161.85 1.53 882 1.53m @ 882.00 ppb
CBT-1 9.14 15.24 6.1 594 6.1m @ 594.69 ppb
CBT-1 25.91 28.96 3.05 681 3.05m @ 681.23 ppb
CBT-1 48.77 50.29 1.52 1,602 1.52m @ 1,602.00 ppb
CBT-1 62.48 64.01 1.53 490 1.53m @ 490.00 ppb
CBT-1 70.1 71.63 1.53 309 1.53m @ 309.00 ppb
CBT-1 82.3 91.44 9.14 815 9.14m @ 815.85 ppb
CBT-1 97.54 99.06 1.52 664 1.52m @ 664.00 ppb
CBT-1 111.25 114.3 3.05 2,483 3.05m @ 2,483.41
Tim Master, head of Meadow Bay's Nevada operations commented, "We are very excited to reportour 2011 drill plan for these drill results which provide an indication of near surface high grade gold mineralization. The results will help guide the Company's exploration program for surface upper thrust plate-hosted gold resources in the Devonian Age Slaven Chert and lower plate carbonate hosted lower plate gold mineralization in the projected Wenban and Roberts Mountain Formations, compliant with NI 43-101 standards."
Please visit the following link to see a cross section and plan map of core holes CB-01 and CB-04 showing the dip of mineralization from the surface under trench 01 and the drill plan to test the surface Slaven Chert hosted gold mineralization and the location of the lower plate Roberts Mountain test, http://media3.marketwire.com/docs/may414z.pdf
The next round of drilling will test the surface upper plate resource with 4 core holes and thelarger lower plate Copper Canyon or Cortez Type potential with one 850 meter core hole. The Company is currently completing a comprehensive Technical Report pursuant to NI 43-101 for an in-depth discussion of these gold target types.
The contents of this news release have been reviewed by Tim Master, a Qualified Person under National Instrument 43-101, officer of the Company's Nevada based subsidiary and target generator of the Colorback Project.
Meadow Bay Gold Corporation
Robert Dinning
CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
For more information, please contact
Meadow Bay Gold Corporation
Matthew Harrington, Investor Relations
613-882-7467
www.meadowbaygold.com