May 13, 2009
Vancouver, BC – ATW Gold Corp. (ATW: TSX-V) (“ATW” or “the Company”), is pleased to provide an update on activities and progress at its Burnakura and Gullewa gold mines in Western Australia.
BURNAKURA GOLD MINE
Burnakura began operations March 3rd, 2009 and is currently operating in a wet commissioning phase with good success. To date, ATW has completed seven gold pours resulting in the recovery of over 1500 ounces of gold and minor silver credits. During the past two months, crews have been focused on upgrading and developing the underground workings for increased output from higher grade stopes. As a result of this activity, and other upgrades to the plant, ATW expects to produce approximately 1,800 ounces gold and be cash flow neutral for the month of May. The mine is expected to be cash flow positive in June and achieve full commercial production of 3,000 ounces per month in July.
GULLEWA GOLD PROJECT
The 10,000 metre core drilling program on the deflector deposit at Gullewa commenced on May 11th. Two drill rigs are currently operating 24 hours a day. The current program is designed to confirm existing mineralization, upgrade inferred resources and test potential extensions to the deflector deposit identified by the recent geophysical analysis. For further information on the drill program, a map detailing the 2009 Gullewa Drill Plan, will be posted at www.atwgold.com in the coming days.
On March 11th, ATW announced its intention to deliver an economic assessment on the deflector deposit in 3 months. While company engineers and geologists continue to work models on the existing resource, the completion of the study will be postponed to incorporate results from the current program.
Commenting on Company operations, Brent Butler, President and CEO, stated “I am pleased with the progress at Burnakura and proud of the commitment our employees are making toward continued success. We now look forward to advancing Gullewa.”
To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email investor@atwgold.com. You may also visit our website at www.atwgold.com.
ATW GOLD CORP.
“Brent Butler”
President and CEO
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
“This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.” |
