MRC gold mine construction remains on budget and on schedule

Posted by Daniel Gleeson on 22nd August 2017

Atlantic Gold Corp reports that its Moose River Consolidated (MRC) mine in Meguma gold belt, Nova Scotia, one of Canada’s next open pit gold mines, is still on target for commissioning next month

  • Base case LOM will produce 87,000 oz/y gold over a minimum 8.5-year mine life at All-in Sustaining Costs of $552/oz
  • New Resource Estimate July 2017 -additional satellite deposits containing 850,000 oz Measured & Indicated within pit shells and 309,000 oz Inferred have potential to add LOM ounces of MRC
  • Recognition of disseminated style mineralization in recent years has changed the understanding potential region
  • Shale hosted mineralization previously overlooked combined with traditional quartz veins results in 50-100 m wide bulk mineable zones in open pit
  • Region underexplored for this deposit model.