TORONTO, Oct. 23, 2012 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) announces that its wholly-owned subsidiary, Atlanta Gold Corporation
("AGC") is currently installing proprietary upgrades to AGC's pilot
water treatment facility ("PWTF") which are expected to be operating by
October 31st. These upgrades are in accordance with the "Final Filter" plans and
specifications which have been approved by the U.S. Forest Service
("USFS"). The upgraded PWTF is designed to treat water containing
elevated levels of naturally-occurring arsenic.
As previously announced in the Company's news release of July 20th, on July 19th the Court ordered AGC to achieve compliance with the NPDES Permit
regulated under United States Federal Water Pollution Control Act
("Clean Water Act") by October 31, 2012, with respect to treatment of
water discharge at the historic 900 level adit (the "Adit") which is
located on property owned by the Bureau of Land Management ("BLM") and
administered by the USFS near Atlanta, in Elmore County, Idaho. The
Court also imposed a penalty in the amount of US$2,000,000 to be paid
by October 31, 2012. The Court has extended the time for achieving
compliance with the terms of the NPDES permit to December 15, 2012.
Ernie Simmons, President and CEO of the Company commented: "It has been
a challenge to develop and implement an effective water treatment
facility within the required timeframe. Like our neighbors, we have
been concerned about the devastation and delays caused by the forest
fires that have rolled across the State. Even though fire safety
concerns kept us off the project site for seven weeks, I am now pleased
to report that we expect that our upgraded pilot water treatment
facility will meet compliance by October 31st. This demonstrates our commitment to operate the Atlanta project in an
environmentally responsible manner that meets all applicable
standards."
As prescribed in the government approved Supplemental Plan of Operations
("SPOO") and the Final Filter plans and specifications for the Atlanta
mine project, the new and proprietary passive water treatment system is
expected to treat and capture 99.8% or more of the arsenic, enabling
compliance with the Clean Water Act. The Clean Water Act NPDES Permit
requires that no more than 10 micrograms per liter (10 µ/L) or parts
per billion arsenic be discharged into Montezuma Creek. Personnel are
currently installing two Zero Valent Iron Filter tanks on-site which
house the last stage of the treatment system. The customized 38-foot
long tanks have a total capacity of 36,000 gallons, and provide a
resident exposure time (for the arsenic to bond with the zero valent
iron) equivalent to that which would be provided by a 200,000-gallon
open air pond.
Arsenic readings will continue to be monitored on a weekly basis and
reported monthly to the USFS, the Idaho Department of Environmental
Quality ("IDEQ") and the U.S. Environmental Protection Agency ("EPA").
AGC did not construct the Adit or cause the discharge that flows from
the Adit. AGC has treated discharge from the Adit since 2006 to remove
85% of the naturally-occurring arsenic before it flows into Montezuma
Creek.
The Company's proprietary pilot passive water treatment system is
illustrated in the attached image.
About the Company
Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation,
leases, options or ownership interests in its Atlanta properties which
comprise approximately 2,159 acres (8.74 square kilometers) located 90
air kilometers east of Boise, in Elmore County, Idaho. A long history
of mining makes Atlanta very suitable for development of new mining
projects. The Company is focused on advancing its core asset, Atlanta,
towards mine development and production.
Forward-Looking Information
This news release contains forward-looking information and
forward-looking statements (collectively "forward-looking statements")
within the meaning of applicable securities laws. All statements, other
than statements of historical fact, are forward-looking statements. We
use words such as "may", "intend", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate" and similar terminology to
identify forward-looking statements, including with respect to the
completion of upgrades to the PWTF and the ability of the system to
achieve compliance with the NPDES Permit. Such are based upon
assumptions, estimates, opinions and analysis made by management in
light of its experience, current conditions and its expectations of
future developments as well as other factors which it believes to be
reasonable and relevant. These assumptions include those concerning the
availability of requisite equipment and manpower; and the ability to
achieve operating estimates. Forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause our
actual results to differ materially from those expressed or implied in
the forward-looking statements and accordingly, readers should not
place undue reliance on those statements. Risks and uncertainties that
may cause actual results to vary include, but are not limited to, the
Company's and Atlanta Gold Corporation's ("AGC") limited financial
resources and their ability to raise sufficient funds on a timely basis
to fund the capital and operating expenses necessary for AGC to carry
out the terms of the Court's order; operational and technical
difficulties which could delay or prevent compliance with the Court
order; the implementation of additional penalties by the Court should
compliance with the Court's order not be achieved in the time
permitted; as well as other risks and uncertainties which are more
fully described in the Company's annual and quarterly Management's
Discussion and Analysis and in other Company filings with securities
and regulatory authorities which are available at www.sedar.com. Should one or more risks and uncertainties materialize or should any
assumptions prove incorrect, then actual results could vary materially
from those expressed or implied in the forward-looking statements and
accordingly, readers should not place undue reliance on those
statements. Readers are cautioned that the foregoing lists of risks,
uncertainties, assumptions and other factors are not exhaustive. The
forward-looking statements contained in this news release are made as
of the date hereof and the Company undertakes no obligation to update
publicly or revise any forward-looking statements contained herein or
in any other documents filed with securities regulatory authorities,
whether as a result of new information, future events or otherwise,
except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Image with caption: "AGC Passive Water Treatment System for Arsenic (CNW Group/Atlanta Gold Inc.)". Image available at: http://photos.newswire.ca/images/download/20121023_C9299_PHOTO_EN_19652.jpg
SOURCE: Atlanta Gold Inc.
<p> <b>Atlanta Gold Inc.</b>:<br/> Wm. Ernest Simmons<br/> President and CEO<br/> Telephone: (208) 424-3343<br/> Fax: (208) 338-6513<br/> Email: <a href="mailto:esimmons@atlantagold.com">esimmons@atlantagold.com</a> </p> <p> <b>Atlanta Gold Inc.</b><br/> Bill Baird<br/> Vice President and CFO<br/> Telephone: (416) 777-0013<br/> Fax: (416) 777-0014<br/> Email: <a href="mailto:info@atgoldinc.com">info@atgoldinc.com</a> </p> <p> <b>CHF Investor Relations</b><br/> Jeanny So<br/> Director of Operations<br/> Telephone: (416) 868-1079 ext. 225<br/> Fax: (416) 868-6198<br/> Email: <a href="mailto:jeanny@chfir.com">jeanny@chfir.com</a> </p>