Meadow Bay Gold Corp. (TSX:MAY,OTCQX:MAYGF) announced that a NI 43-101 compliant resource estimate has been completed for its Nevada-based Atlanta gold mine project. Robert Dinning, CEO of Meadow Bay, noted that the resource has now more than doubled since the company acquired it two years ago.
As quoted in the press release:
At a 0.015 opt Au cutoff, the Company has reported a measured and indicated resource of 15.5 million tons grading 0.037 ounces per ton (Au) for 572,100 ounces of gold and inferred resources of 18.5 million tons grading 0.029 ounces per ton (Au) for 544,300 ounces of gold. In addition, the resource also contains 5.8 million measured and indicated and 3.9 million inferred ounces of silver.