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ATW Gold Corp (TSX:ATW)

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Last Post: 1/13/2018 8:49:26 PM - Followers: 2 - Board type: Free - Posts Today: 0

ATW Gold Corp. is a gold exploration and development company, with two gold projects in Western Australia. ATW currently hold's a 100% interest in the Burnakura Gold Mine and a 100% interest in the Gullewa Gold Mine.

The Gullewa Gold mine (currently on care and maintenance) hosts a 880 tonne per day CIL plant, camp and rolling stock. The current NI 43-101 resource stands at 850,000oz, of which the Deflector deposit contains 770,000oz gold equivalent.

A scoping study on Deflector was initiated during April and will be completed by year end. To date, a mine plan has been completed by independent Perth Mining consultants, Mining Plus and an Engineering estimation has been completed on the capex of the processing plant upgrade.

A diamond core drill program commenced at Deflector on October 11, 2009, designed to target the southerly and northerly extension zones defined by gravity and IP surveys last year.

The Burnakura Gold Mine consists of 58.8 square km of mining leases and prospecting licenses, a fully permitted 160,000 tonne per annum (440 tpd) CIL gold plant, rolling stock, underground equipment, workshops, office space and a 90 man camp. The project covers 12km of prospective strike length along a major auriferous shear zone and mesothermal gold system. Historic production on the project focused on lower grade surface oxides, which had been historically mined from 15 open pits stretching along the entire 12 km of strike length.

Management’s focus is to aggressively develop ATW’s gold projects and pursue additional acquisitions to enhance shareholder value.

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