VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2009) - ATW Gold Corp. (TSX
VENTURE : ATW) ("ATW" or the "Company") is
pleased to report that the Company and RUC Mining Contractors Pty
Ltd. have jointly signed a contract for underground development and stoping at the Company's wholly owned Burnakura Gold Mine ("Burnakura")
located in Western Australia. The Burnakura
Gold Mine is on track to begin full production March 1, 2009.
In recent weeks several
important milestones have been met:
CIL Plant Commissioning
- The crushing circuit has been
refurbished and commissioned. The plant is fully operational and will
begin processing run of mine (ROM) ore on February 22, 2009.
Mining Contract and Operations
Personnel
- RUC Mining Contractors Pty
Ltd. have mobilized their underground mining equipment to site and
are set for mining ore on March 1st at a rate of 12,000 tonnes/month.
- Underground communications
upgrade has been completed.
- Underground power generators
were purchased and have arrived on site.
- Key personnel including a
General Manager and Chief Metallurgist have been hired.
Revised Mine Plan
A revised mining plan has been
completed by Mining Plus Pty Ltd. Key metrics of the revised plan
include:
- Initial 35,000 oz/year mine
plan
- 12,000 tonnes/month production
- 8 gram/tonne head grade
Brent Butler, CEO &
President commented, "We have reached an important milestone in
ATW Gold's corporate history with production commencing at Burnakura. Gold has reached historic highs in
Australian dollar terms, recently hitting $1450 AUD per oz. The
anticipated strong cash flow will allow us to execute on our
aggressive growth strategy."
The contents of this news
release have been reviewed by Brent Butler who is a qualified person
as defined by National Instrument 43-101.
ATW GOLD CORP.
Brent Butler, President &
CEO
"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."
"The TSX Venture Exchange
does not accept responsibility for the adequacy or accuracy of this
release."
For more information, please
contact
ATW Gold Corp.
Investor Relations
(604) 662-8184 or Toll Free: 1-877-662-8184
(604) 602-1606 (FAX)
Email: investor@atwgold.com
Website: www.atwgold.com