The Beaver Dam claim group consists of 114 claims covering roughly 1,824 Ha on strike of Atlantic Gold’s property which contains a 43-101 resource cut-off grade of 0.5 g/t Au, the optimized pit shell contains Measured and Indicated Resources of 9.27 Mt at an average grade of 1.43 g/t Au and 1.84 Mt of material at 1.37 g/t Au in the Inferred category (Atlantic Gold website).

Gold was first discovered in the Beaver Dam area in 1889 and by 1941 a total of 967 oz were mined.

From 1986 to 1989 Seabright mined approximately 41,119 tonnes at a grade of 1.85, almost exclusively quartz material.