03:26:56 EDT Sat 04 May 2024
Enter Symbol
or Name
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CA



Atlanta Gold Inc
Symbol ATG
Shares Issued 253,441,565
Close 2013-01-15 C$ 0.05
Market Cap C$ 12,672,078
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Atlanta to use Atlanta bulk sample for gravity testing

2013-01-16 07:07 ET - News Release

Mr. William Simmons reports

ATLANTA GOLD INC. ANNOUNCES STRATEGY FOR 2013

Atlanta Gold Inc.'s plan for 2013 is (i) to continue to implement the supplemental plan of operations for the 900 adit closure and reclamation plan pertaining to the water treatment plant, and (ii) to generate a larger bulk sample in order to determine the most effective gravity recovery system for mining and processing of the Atlanta lode in both the oxide and sulphide zones.

As prescribed in the government-approved SPOO and the final filter specifications for the Atlanta mine project, the first stage of the new and proprietary passive water treatment system was implemented to capture 99.8 per cent or more of the arsenic, to achieve compliance with the Clean Water Act. The passive filtration system at the pilot water treatment facility was installed in November, 2012 (see news release dated Nov. 13, 2012). The second stage, planned to expand the capacity of the PWTF to handle 600-plus gallons per minute, will be completed in the third quarter of 2013. The final stage is to plug the 900 crosscut and complete the closure plan for the 900 site by December, 2014.

"Construction and bulk sampling activities this year will take Atlanta Gold into the final stages in our path to production and for this our team is truly energized," shared Wm. Ernest Simmons, chief executive officer. "Making the transition from resource development to production is the stuff that mining veterans like me live for, and I'm proud to be where we are now -- within sight of the day the Atlanta gold mine will be fully up and running as a producing mine once again."

Results to date from the 107-tonne bulk sample processed in August, 2012, have confirmed beneficiation using the gravity recovery procedure is expected to achieve a recovery greater than 83 per cent which was used in the model developed by P&E Mining Consultant Inc. for its National Instrument 43-101-compliant resource estimate (see news release dated Feb. 9, 2012).

The company will continue to work with Knife River Corp. to mobilize its processing facility to the Atlanta project site, improve the technology and customize it for Atlanta's purposes. No chemicals will be added because the gravity processing system only uses water.

In order to mobilize the needed equipment onto the site, Atlanta Gold intends to build an eight-kilometre access road. This all-season road will stand as a concrete example of the company's determination to address existing environmental conditions by relocating access routes, reducing the travel along drainages, protecting streams and tributaries, reducing stormwater pollution by increasing the width of the buffer zones, eliminating the continuous use of exploration roads, providing a firebreak for the town of Atlanta, and, last but not least, providing a safe entry and access route for all road users.

The request to construct the road was supported by residents, property owners and visiting sportsmen via a petition to the Elmore county commissioners and planning board. The firebreak road will follow historic routing and cross public lands to the main shear zone of the Atlanta mine's private property. This road will also provide a firebreak to protect the forested north-facing slope of the Atlanta mine landholdings. The north slope is the area within which the historic Atlanta community is located. The company has received approval for the construction of the private access road from the Atlanta Highway District (see news release dated Dec. 12, 2012) and construction is expected in the second quarter of 2013 and should take approximately three weeks to be completed.

We seek Safe Harbor.

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