Atwgold's Blog

Pumping up the Rubbish – ATW Gold

Posted in Uncategorized by atwgold on February 5, 2010

On May 13, 2009 the ATW paper promotion was essentially over and distribution phase was just starting with the unmitigated assistance of a multitude of paid VSE touts. Naturally the public had absolutely no clue that they were about to be completely robbed as so called “production” was about to end completely.

The paper peaked at $ .95 a few weeks after this ridiculously improper and misleading news release.

May 13, 2009 ($ .70)
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.

June 9, 2009  ( $.81)

ATW GOLD CORP.: BURNAKURA PLANT OPTIMIZATION STUDY UNDERWAY

ATW Gold Corp. has received several engineering proposals for optimization studies on the Burnakura gold plant. The selected consultant will be announced this week and the work is expected to commence by June 15, 2009. The scope of the study includes a number of plant optimization measures that will allow the plant throughput to increase from the current 18 to 20 tonnes per hour, to a target of 25 to 30 tonnes per hour. This will allow an increase in gold production from the current rate of 35,000 ounces gold per year to 50,000 ounces annually during the fourth quarter of this year.

June 24, 2009  ($ .75)

As a result of Burnakura reaching the first targeted commercial level of 36,000 ounces annually, the planned expansion targeting 50,000 ounces of annual gold production is under way. Simulus Consultants of Perth, Australia, was contracted to complete plant optimization, which began on June 10, 2009.

Brent Butler, president and chief executive officer, stated: “We are very encouraged with the speed at which the ramp-up to commercial production at Burnakura was achieved. Efforts to maximize recoveries, output and throughput will continue as our engineering teams work diligently to achieve the increased rate of 50,000 gold ounces per annum this year.”

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2 Responses

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  1. thamnosma said, on February 5, 2010 at 6:52 pm

    A bald-faced lie. If only there were someone on the inside or a worker in the office who would spill the beans. Knowingly distributing false information just HAS to be, at the least a civil, if not a criminal, issue. Sometimes I wish I were a lawyer. A class action could have been filed much earlier before the last of the funds were stolen.

    • atwgold said, on February 5, 2010 at 8:06 pm

      An amazing SET of bold faced lies, and this whilst that amazing Red Kite loan was set up, which allowed $ 6 million bucks to instantly dissapear.


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