Canadian Mining Journal

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GOLD: Atlantic officially opens MRC mine with gold pour



A fly-over view of Atlantic Gold’s Moose River Consolidated project. (Credit: Atlantic Gold Corp.)

NOVA SCOTIA – Atlantic Gold Corp. of Vancouver officially opened the Moose River Consolidated gold mine near Halifax with its first gold pour on Oct. 11, 2017. The project has a projected life of nine years during which time about 714,000 oz. of gold will be produced.

The MRC mine includes the Touquoy and Beaver Dam deposits that contain about 760,000 oz. of gold in their combined proven and probable reserves. The first phase of the project – producing about 87,000 oz./year with an all-in sustaining cost of C$690/oz (US$552). –  is based on this number.

Atlantic intends to move forward with the second phase by adding the Fifteen Mile Stream and Cochrane Hill deposits to the life of mine plan. Together these deposits contain 850,000 oz. in measured and indicated resources within the projected pit shells.

There are 12 more regional targets within trucking distance from the mill, says Atlantic, and they will be tested. Beyond that, there remains a strike length of 80 km to be investigated in the district.

More information is available at www.AtlanticGoldCorporation.com.