Atlanta Gold and Silver

Project Overview

The Atlanta Gold Mine Project is an advanced-stage exploration project with the potential for near-term production.  Since its acquisition in March of 2011, efforts have focused on land acquisition, data review, reconnaissance exploration of outlying target areas, upgrades to infrastructure, and drilling.  The project emphasis has been on moving forward on those activities needed to verify and expand the historic resource base, and move project efficiently toward a production decision.

History

Gold was initially discovered in the Atlanta Mining District in the 1860s.  For the next 100 years intermittent exploration slowly advanced the project.  Two shafts were sunk on the main deposit but production prior to 1970 was small because visible gold is not present at Atlanta and the technology for extracting gold from the siliceous rocks was not widely available.

In 1970 Rutherford Day acquired the property and formed Bobcat Properties.  Bobcat purchased a small existing mill from northern Nevada and reconstructed it on the site. Bobcat entered into a joint venture with Standard Slag and put Atlanta into production from 1975 to 1985.  During the ten years of production, the 800 ton/day mill produced 110,000 ounces of gold and 800,000 ounces of silver from 1.5 million tons of ore.  The project was shut down in mid-1985 due to low gold prices.

Bobcat Properties entered into exploration leases on two occasions during the intervening years.  Gold Fields Resources optioned the project from 1990 to 1991.  They conducted geochemical sampling, geophysics and drilled 82 core and reverse circulation (RC) holes.  Subsequently, Kinross Gold optioned the project from 1997 to 1998.  They drilled 80 RC holes and conducted the first modern resource estimate although it predates NI 43-101 standards and is not compliant.  Both companies returned the project to Bobcat Properties at a time of low gold prices when the Atlanta Project failed to meet their corporate investment criteria.

Desert Hawk Resources entered into a purchase agreement with Bobcat Properties late in  2010.  Meadow Bay Gold became party to this purchase agreement when it acquired Desert Hawk Resources early in 2011.  The purchase agreement was finalized on March 3rd of 2011.

Comeback Project

• 120 UNPATENTED LODE CLAIMS ON BATTLE MOUNTAIN TREND 12 MILES NORTH OF THE PIPELINE DEPOSIT(10M oz/Au and growing)
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• NUMEROUS SURFACE GOLD VALUES UP TO 1 OUNCE/TON
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• FIRST YEAR BUDGET OF $750,000 TO BEGIN DELINEATING SHALLOW RESOURCE WITH RC DRILLING AND TEST DEEPER CARLIN DEPOSIT TARGET WITH CORE DRILLING.
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• 43-101 REPORT COMPLETE FOR FILING ON SEDAR
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• ACQUISITION COST - $50,000/YR (FIRST 5 YRS), $75,000/YR (NEXT 5 YRS), $100,000/YR (LAST 10 YRS), $1MIL BUYOUT

Spruce Mountain:

• 63 UNPATENTED LODE CLAIMS ADJACENT AND OVERLAPPING WITH 100 MILLION TON COPPER-MOLUBDENUM RESOURCE
• ACQUISITION COST OF $39,387 IN 1ST YR OF 20 YR LEASE WITH 1ST ANNIVERSARY PAYMENT OF $30,000 AND THEN INCREASING $5,000/YR.
• PORPHYRY MOLY DEPOSIT AT SURFACE UNTESTED. SILVER SKARN ON WEST SIDE UNTESTED.
• FIRST YEAR CORE DRILLING BUDGET OF $200,000 TO TEST THE MOLY DEPOSIT AND EARN A 1% NSR ROYALTY IN THE PROJECT

Robert Dinning - CEO - Director

Robert G. Dinning, is a Chartered Accountant, and a lifetime member of The Alberta Institute of Chartered Accountants having qualified with the firm of Peat Marwick Mitchell & Co, now known as KPMG. Mr. Dinning was employed for 5 years in the Investment industry through a subsidiary of a major Canadian Bank and subsequently became Chief Financial Officer of a large public broadcasting company which he held for 6 years. Mr. Dinning amongst other accomplishments, is also the Chairman of Paramount Gold and Silver Corp and CFO of ATAC Resources Ltd.

Dr. Douglas Oliver - Project Manager

Douglas H. Oliver is a career geologist with 30 years experience in mineral exploration.  He is president and founder of OliverGeoservices, which specializes in exploration management, economic evaluations and independent reviews.  He received his Bachelor’s degree in Geology from Rutgers University and has an MBA from the University of Texas at Austin and a PhD in Tectonics from Southern Methodist University.  Doug is responsible for implementing the exploration program at the Atlanta Mine.

Charles (Bill) Reed - Director

Mr. Reed is a professional geologist and was most recently Vice President of Exploration and co-founder of Paramount Gold and Silver Corp. (NYSE/TSX:PZG) and credited with the multi million ounce gold-silver discovery known as San Miguel in Chihuahua, Mexico. Mr. Reed was also Chief Geologist (Mexico) for Hecla Mining Company (NYSE:HL) and prior thereto was Regional Geologist for Echo Bay. Bill received his Bachelor of Science degree from the University of Utah in 1969 and is a Registered Professional Geologist in the State of Utah. Bill currently resides in Arizona and Utah and will be responsible for conducting exploration programs on all the Desert Hawk Gold properties including the Atlanta Mine.

Keith Margetson - CFO

Mr. Margetson is a chartered accountant and has been in public accounting for over three decades. He is a member of the British Columbia Institute of Chartered Accountants and a member of the Illinois CPA Society.

Jordan Estra - Director

Mr. Estra has been a leading research analyst and global metals/mining team leader for a number of major investment banks, including SG Warburg (now UBS), Merrill Lynch, BT Alex Brown (now Deutsche Bank) and Oppenheimer. He began his career in the mining industry, at AMAX Inc., a global natural resources leader with interests in precious metals, copper, lead, zinc, coal, oil & gas, molybdenum, tungsten and iron ore. At AMAX Mr. Estra held a number of positions in Finance, Marketing and Strategic Business Development.

Adrian Robertson, P.Eng - Director 

Mr. Robertson is a professional engineer with life of mine experience ranging from exploration and financing through production and reclamation. Mr. Robertson’s previous work experience includes positions with Vale (formerly Inco Ltd), Teck, Golder Associates and TVX Corp. In addition to his responsibilities with Meadow Bay Gold Corp, Mr. Robertson is also a consultant and corporate pilot working with several Vancouver based junior mining companies. Mr. Robertson is also a director of Urastar Gold Corp and is President and CEO of Silver Pursuit Resources.

Alastair Summers - Senior Mining Engineer

Alastair Summers, P.Eng, will be responsible for bringing the Atlanta Mine back into production. Mr. Summers is a Professional Engineer and a Professional Geologist and graduated from the University of British Columbia with a Bachelor of Science (Mining Engineering) in 1961. Mr. Summers was Vice President and General Manager of Hecla Mining Company’s operations in Mexico and Venezuela. He was personally responsible for building mines for Hecla including La Choya and San Sebatian in Mexico. Al Summers also prepared the feasibility study for the Stillwater Platinum-Palladium mine. Mr. Summers worked for Paramount Gold and Silver Corp. at its San Miguel Project in Mexico from 2007 to 2009.

Tom Kennedy - Corporate Secretary

Mr. Kennedy was a graduate of the University of British Columbia having received his Bachelor of Commerce & Business Administration degree in 1973 and his Juris Doctor degree in 1974.  Mr. Kennedy was admitted to the British Columbia Bar in 1975 and has practiced law for 36 years.  After 7 years of employment with the Canadian Federal Department of Justice, Mr. Kennedy has primarily focused as a legal, financial and business consultant to publicly-traded companies.  Mr. Kennedy is currently a member of the Law Society of British Columbia, the Canadian Bar Association and the British Columbia Bar Association, and an Associate member of the American Bar Association.  Mr. Kennedy currently serves in positions as CEO, CFO, President, Vice-President and Secretary of several TSX Venture Exchange and CNSX publicly traded companies, primarily focused on mineral exploration.

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