ATW Gold Corp. has commissioned Mining Plus, Pty. of Perth, Australia, to complete an NI 43-101 compliant preliminary-assessment (scoping) study of ATW's Deflector Deposit in its 100%-owned Gullewa gold project in Australia. In addition, an independent geological firm will audit the resource model, and a mine plan, life-of-mine projection and anticipated cash-flow model will be produced. Mining Plus will also supply an opinion on plant upgrading and capital costs. The news release also notes that the study is expected to take about 90 days.
As trading started today, ATW opened at 76 cents, up a penny from yesterday's close. The current bid is 73 cents and the current ask is 76, same as the opening price.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Wednesday, March 11, 2009
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