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ATW Gold Corp. is a gold producer and explorer, with gold mines in Western Australia, utilizing North American capital structure on the Toronto Stock Exchange (ATW – TSX.V).
The Company continues to grow its production, as it looks to graduate to mid-tier producer status.
Production will be increased through a combination of exploration and development of the Burnakura and Gullewa gold mines, plus ongoing acquisition and merger activity.
ATW currently hold's a 100% interest in the Burnakura Gold Mine and a 100% interest in the Gullewa Gold Mine.
Combined production from Burnakura and Gullewa is expected to be in excess of 130,000 oz per annum.
The Burnakura Gold mine commenced production on March 3, 2009. The initial production rate is 35,000oz per annum, with a target of 50,000oz per annum in the following year. The current JORC gold resource is 400,000oz of which 120,000oz is contained in the NOA 2 underground mining plan that remains open along strike and at depth. Exploration is planned from surface and underground to expand current mine life.
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 10,000 meter diamond core drilling program (2 rigs, double shift) commenced at Deflector during May (drill-plan click here). Drilling is targeting the southerly and northerly extension zones defined by gravity and IP surveys last year.
Management’s focus is to aggressively develop ATW’s gold projects and pursue additional acquisitions to enhance shareholder value.
Corporate goals are:
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Build a team of highly respected mining and financing professionals who share a common goal of building a mid tier gold mining company by leveraging on ATW’s North American model in Australia;
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Implementation of best practices for safety and environment;
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Having social conscience that provides a framework for decision making;
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Expanding our current resource base and current production levels;
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Acquiring quality projects that are accretive in scope, |