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MAYGF: Meadow Bay Gold has undergone a fundamental change which included a 1-8 consolidation and name change. it is anticipated that the company will be listing on the CSE under the new name of Mountain Valley MD Holdings and on a post split basis.
FINRA deleted symbol (*** there will be a new ticker when listing on the CSE is approved)
https://otce.finra.org/otce/dailyList?viewType=Deletions
Huge amount of shares on the bid for more than the current share price today. Any idea if something is going on?
Any word of work being done for a PEA over the past 6 months?
I can't say I blame you for not paying attention. Meadow Bay has been dead in the water for a couple years since the drilling they did back in the winter of 2015.
From the conversations I've had with them, they plan to use this year to put out a PEA. The in-pit resource is the first step in the process but they need to conduct more metallurgy and resource modeling first. They also need to bring on a mining engineer and metallurgist.
If they start moving forward with this, expect a steady stream of news releases (the last technical news release was back in 2017). That will be the sign that they have woken up and are serious about moving the resource forward to production.
The cost to getting to a PEA is not all that much - less than a drilling program and with a MUCH better chance of adding value. Any production would likely be a couple years out but they have a big head start relative to other advance stage projects. The in-pit resource is on patented mining claims and they have a lot of the infrastructure already in place. And the project is in Nevada. Still the best jurisdiction in North America - good climate, sparse population (outside of LV and Reno) and the BLM has become less antagonistic under Trump.
Have you heard any sort of time frame as far as when they plan/hope to go into production? I haven't paid as much attention to this stock as others I own as of recent.
Finally found it. The resource table didn't format so well but it looks like 280,000 ounces gold and 2,800,000 ounces silver in a starter pit. The grade is decent and the pit is over the Atlanta Porphyry which is easier to process. I like the idea of putting this into production. Companies that are going down this road see a steady growth in their market cap.
https://www.marketwatch.com/story/desert-hawk-resources-inc-a-wholly-owned-subsidiary-of-meadow-bay-gold-corp-reports-initial-in-pit-resource-estimate-for-its-atlanta-gold-project-in-nevada-usa-2018-06-15
There was supposed to have been a News Release at the close of business but I didn't see it on either the Meadow Bay site or Market Wire. Hopefully, we will get to see something on Monday.
Great information! Thank you for the update
Meadow Bay was on a conference call with the Lincoln County Planning Commission yesterday. The person on the phone for Meadow Bay verified that they are moving forward with an in-pit resource estimate as a first step toward putting Atlanta into production.
News of a pending 43-101 report on the other boards. Recent drop in share price caused by selling among the people who participated in the private placement having their shares come free-trading. Those guys made 3 to 4X on their money and still have the warrant. Not too shabby, but there are wheels in motion here.
Hot off the presses.
https://www.morningstar.com/news/the-news-wire-ca/TheNewsWire_20180301BKRF2mWz/meadow-bay-gold-announces-listing-of-its-common-shares-on-the-canadian-securities-exchange-and-commissioning-of-an-inpit-resource-study-at-its-atlanta-gold-mine-nevada.html
This is the most news we've seen on Meadow Bay in quite some time. This is a very ambitious process to move Atlanta to production. Exploration isn't selling these days - a path to production gives real value.
What I'm hearing is they are arranging financing before making their announcement. I'm just happy to hear there is a plan.
Wow. That's awesome, congratulations. Getting pretty curious to hear news that could be announced
Could be a very nice year indeed. I was able to get in on some of the recent subscription at C$0.05.
Absolutely. Nice to see other people are watching what's happening since apparently you and I are about the only ones who watch this board. Could be a nice year here
Based on the way that the stock has been screaming upwards since the private placement, I'm inclined to think there might be some merit to the rumors. The warrants are now firmly in the money.
I've been hearing rumors. But at least the stock in moving again.
Care to take a guess? Glad to see things are finally moving anyway
Meadow Bay just closed a financing. Question is what will they use the proceeds for.
Meadow Bay is finally raising money. I'm hoping that they will use it to advance the Atlanta Porphyry. They should have enough to fund a feasibility study which will add significant value to the investors. At the current price of gold it should have positive economics.
Couldn't agree more, when I bought in around two years ago I figured I'd be patient and it'd be a longer term investment but I hoped there would be some action by now considering everything that's in place. I'm extremely disappointed with the communication of the company, I'm not exactly sure what the point of this reverse split was either.
Here's my beef. A lot of Canadian juniors went belly-up over the last few years because they don't have a real asset. Meadow Bay has a substantial asset and one that is of a high enough grade to put into production. Other juniors have figured out ways to make money at these prices. Why aren't these guys doing that?
I don't have a problem with doing exploration on new targets, but that is something you do to find a deposit. Once you have one, you stop looking and do something with it.
Between these sporadic drill programs and lack of communication (or action), I'm getting ready to pull my hair out. And if you don't do anything or have a plan for moving forward, yes, the share price is going to sink.
Just looked at the email that was sent to me a few months ago from management and it does say "intends" to have a summer drill program and I don't have any other correspondence saying it has begun so you are very possibly correct. I just replied for clarification so I will convey on here what (if anything) I hear back. I was told it was planned for last summer but they pushed it to this summer based on the trend in gold prices.
At this point it will have to be a Fall drilling program. As far as I know they haven't started any drilling.
Been a lot of years of not much happening. Hopefully this is a good sign that the company is expecting to gear up for something positive soon. Curious to see the results from the summer drilling program that's been in progress.
Meadow Bay Gold Corp. changed to Meadow Bay Capital Corp. and a one for 4 reverse split:
http://otce.finra.org/DLSymbolNameChanges
There was quite a bit of volume last week. Also, I hear that management is planning a public offering with a warrant. Now that might be something worth looking into.
Seeing how equity 10x mkt cap, easy double an understatement. Unfortunately volume so low down here its difficult to accumulate imo
Despite it's price in the basement, Meadow Bay is getting ready to come back to life. A second drill program is planned in the Western Knolls. More important, they are getting a pit-accessible resource ready for the Atlanta porphyry as the first step to move this toward production.
This project has been dormant for so long that people have forgotten it exists. It has infrastructure, the resource is mostly on private land and they control the entire district. I see this stock as having the potential for an easy double.
Hoping this helps move the permitting process along.
http://www.oann.com/u-s-commerce-chief-says-epa-permits-top-regulatory-hit-list/
Trend over the past 3 months looks like something might be be happening relatively soon
This stock is getting ready to move. MAY had three drills out there in December and results should be released soon. This gold porphyry is a new story for Nevada.
NEWS! Looking Good. Need to get some buying in on ATLDF too!!!
Meadow Bay Gold Reports New Drill Results from the Atlanta Gold Mine in Nevada
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Meadow Bay Gold Corp (QX) (USOTC:MAYGF)
Intraday Stock Chart
Today : Wednesday 16 November 2011
Meadow Bay Gold Corporation ("Meadow Bay Gold") (TSXV:MAY) (OTCQX:MAYGF) is pleased to report assay results from four core drill holes at its drilling program at the Atlanta Gold Mine, Lincoln County, Nevada.
Two of drill holes complete the confirmatory drilling program on the Atlanta Fault deposit. The purpose of this 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 historic mineralization occurs primarily in a jasperoid fault breccia between overlying Tertiary volcanic rocks and Paleozoic sedimentary rocks.
Drill holes DHRC-11-03C and -07C were collared to the west and northwest of the pit and tested holes previously drilled by Gold Fields and Kinross, respectively. The results from these drill holes generally corroborate the results from the previous drilling. Both holes are in the Atlanta Fault breccia although the mineralized intercept in -07C is unusually thick. In addition, hole -07C contained significant mineralization in the overlying mine dumps which represents a potential resource that has yet to be evaluated. While not a confirmation hole, DHRC-11-10C expands the limits of the jasperoid breccia to the south of the Atlanta Pit.
The recently announced gold porphyry mineralization discovery was extended 67 meters to the west by hole DHRC-11-11C. Three zones of potentially economic mineralization with an aggregate thickness of nearly 87 metres were intersected before the porphyry was truncated by the Atlanta Fault at depth. At present, significant precious metals mineralization in the porphyry has been traced for over 250 metres in an east-west direction. The porphyry remains open to the north, west and south.
Below is a table summarizing the significant drill results from the new drill holes:
Drill Hole
Area
Total Depth (m)
From (m)
To (m)
Width (m)
Au g/t
Ag g/t
eAu g/t
DHRC-11-03C
Jasperoid Breccia West of Pit
170.99
150.88
170.69
19.81
2.52
52.8
3.51
DHRC-11-07C
Jasperoid Breccia NW of Pit
292.91
0.00
6.10
6.10
1.19
500.5
10.64
202.69
292.91
90.22
0.95
25.4
1.43
DHRC-11-10C
Jasperoid Breccia South of Pit
160.93
76.20
114,30
38.10
1.80
24.0
2.25
DHRC-11-11C
Quartz Latite Porphyry
447.45
266.70
301.75
35.05
0.18
52.9
1.18
324.61
350.52
25.91
0.74
2.8
0.80
411.48
437.39
25.91
1.92
21.6
2.32
Note: eAu calculated at an Au:Ag ratio of 1:53
At present, two drills are exploring the Atlanta project. The core drill is testing for porphyry-style mineralization further to the west of DHRC-11-11C. The reverse circulation drill is engaged in in-fill drilling on the Atlanta Fault breccia north of the Atlanta Pit. A second RC rig with deep-drilling capabilities is being evaluated for additional holes in the porphyry this drilling season.
Updated drill hole location maps, cross sections and tables of results are available on the Meadow Bay Gold website at www.meadowbaygold.com.
Robert Dinning, CEO commented, "The continued success with the confirmation drilling program combined with our step-out drilling is advancing the redevelopment at a faster pace than anticipated keeping us on track to produce a resource estimate in the new year."
Bill Reed, a Qualified Person as defined by National Instrument 43-101, and director of Meadow Bay Gold has reviewed the contents of this press release. An ongoing QA/QC program is being employed including blank, duplicate and reference standards with samples are being assayed at the ALS Chemex lab in Elko Nevada, by fire assay with a gravimetric finish. Meadow Bay Gold is focused on developing the former producing Atlanta Gold Mine in Nevada, USA. Drilling continues as does reconnaissance exploration on recently staked claims to the northwest and southeast.
For further information please contact:
Meadow Bay Gold Corporation
Robert Dinning, CEOCharles William Reed, DirectorTel: 604-641-4450
First Canadian Capital Corp.Bobby MullinsTel: 866-580-8891
Launch IRMatthew HarringtonTel: 613-882-7467
Goal CapitalDanny GravelleTel: 949-481-5396
SOURCE Meadow Bay Gold Corporation
321Gold article today on MAYGF, MAY.V. by Bob Moriarty. This is usually good for a pop.
Meadow Bay Gold Discovers Porphyry-Hosted Gold Mineralization at Its Atlanta Gold Mine Project in NevadaFont size: A | A | A8:00 AM ET 10/13/11 | PR Newswire
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:
View data
Drill Hole Area Total Depth (m) From (m) To (m) Interval (m) eAu g/t
----------- -------------------------------- --------------- -------- ------ ------------ -------
DHRC-11-04C Margin of Quartz Latite Porphyry 365.76 198.12 260.60 62.48 1.63
----------- -------------------------------- --------------- -------- ------ ------------ -------
269.75 301.75 32.00 1.35
-------- ------ ------------ -------
DHRC-11-06C Margin of Quartz Latite Porphyry 317.60 228.60 292.61 64.01 1.43
----------- -------------------------------- --------------- -------- ------ ------------ -------
Including 7.01 6.71
--------------- ------------ -------
DHRC-11-09C Southwest of Atlanta Pit 256.49 172.21 188.98 16.77 0.56
----------- -------------------------------- --------------- -------- ------ ------------ -------
196.60 231.65 35.05 3.86
-------- ------ ------------ -------
Including 16.77 6.60
--------------- ------------ -------
Drill Hole Area Total Depth (m) From (m) To (m) Interval (m) eAu g/t ----------- -------------------------------- --------------- -------- ------ ------------ ------- DHRC-11-04C Margin of Quartz Latite Porphyry 365.76 198.12 260.60 62.48 1.63 ----------- -------------------------------- --------------- -------- ------ ------------ ------- 269.75 301.75 32.00 1.35 -------- ------ ------------ ------- DHRC-11-06C Margin of Quartz Latite Porphyry 317.60 228.60 292.61 64.01 1.43 ----------- -------------------------------- --------------- -------- ------ ------------ ------- Including 7.01 6.71 --------------- ------------ ------- DHRC-11-09C Southwest of Atlanta Pit 256.49 172.21 188.98 16.77 0.56 ----------- -------------------------------- --------------- -------- ------ ------------ ------- 196.60 231.65 35.05 3.86 -------- ------ ------------ ------- Including 16.77 6.60 --------------- ------------ -------
These drill results show the effects of progressively moving away from the margin of the historic pit toward the quartz latite porphyry. Hole DHRC-11-09 shows both an increase in grade and thickness in altered rocks along the margin of the intrusive. Holes -04C and -06C include marginal faces of the intrusive that contain thick intercepts of gold mineralization. Thus far the extent and geometry of the intrusive porphyry are unknown. However, geophysics indicates that it is open to the west, north and south. Continued drilling (awaiting assay) also suggests in may be thickening to the west.
The drill hole location map (see link) and cross section (see link) is also available on the Meadow Bay Gold website.
Robert Dinning, CEO commented, "We are very excited by this new discovery of a gold bearing porphyry directly adjacent to the known mineralized shear zone at Atlanta. This discovery has opened up a large additional tonnage opportunity for us in close proximity to the existing open pit. In addition, it has highlighted the need for us to explore - not just laterally along the breccia hosted ore-body to the north - but our other geophysical anomalies at the Atlanta project."
Bill Reed, a Qualified Person as defined by National Instrument 43-101, and Director of Meadow Bay Gold has reviewed the contents of this press release. An ongoing QA/QC program is being employed including blank, duplicate and reference standards with samples are being assayed at the ALS Chemex lab in Elko Nevada, by fire assay with a gravimetric finish. Meadow Bay Gold is focused on developing the former producing Atlanta Gold Mine in Nevada, USA. Drilling continues as does reconnaissance exploration on recently staked claims to the northwest and southeast.
For further information please see www.meadowbaygold.com or contact:
Meadow Bay Gold CorporationRobert Dinning, CEOCharles William Reed, DirectorTel: 604-641-4450
Launch IRMatthew HarringtonTel: 613-882-7467
Goal CapitalDanny GravelleTel: 949-481-5396
To View Map Images below, please Copy and Paste into a New Viewer:http://thenewswire.ca/client_files/2011-10-12-0.pdfhttp://thenewswire.ca/client_files/2011-10-12-1.pdf
SOURCE Meadow Bay Gold Corporation
Check out interview with Mr Dinning www. chartpoppers.com/ireports
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