MRC Gold Mine construction remains on budget and on schedule

Moose River Consolidated Mine, one of Canada's next open pit gold mines. — Photo courtesy Atlantic Gold Corporation

VANCOUVER, British Columbia, June 05, 2017 (GLOBE NEWSWIRE) -- Atlantic Gold Corporation (TSX-V:AGB) ("Atlantic" or the "Company") is pleased to provide a construction progress update for its Moose River Consolidated Mine (“MRC Mine”), one of Canada’s next open pit gold mines.

Construction remains on budget and on schedule with commissioning scheduled for September 2017. Overall completion reached 70% at the end of May.

Press reports indicate that Atlantic Gold's Moose River Consolidated (MRC) Project involves the combined development of the Touquoy gold mine and the neighbouring Beaver Dam gold mine, both located in Nova Scotia, Canada.

The project's feasibility study was performed by Ausenco Engineering Canada, who was assisted by Moose Mountain Technical Services (MMTS) for the mine design, pit optimisation and the compilation of the economic results.

Stantec Consulting provided the tailings management facility design, while resource modelling was conducted by FSSI Consultants (FSSI) and the environmental and permitting aspects were executed by Conestoga-Rovers & Associates (CRA).