TORONTO, Nov. 13, 2012 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) today announced that following the completion last week of the
installation of the Passive Filtration System at the Pilot Water
Treatment Facility (PWTF) on-site at the Atlanta property in Elmore
County, Idaho, testing of the filtration system has begun by the
contracted engineering firm, CENTRA Consulting Inc. While initial
testing has been quite positive, a 45-day period is required to fully
test the system during which twice weekly water samples will be taken
and sent for lab analysis. This should be completed by mid-December, at
which time CENTRA will certify the efficacy of the system.
The PWTF filtration plant utilizes a proprietary technology that is a
relatively low cost, energy efficient, safe solution to water treatment
issues common to many others in the State of Idaho. The Company will
license a second party to make this system available to others that
have similar arsenic issues.
"The identification and installation of this facility represents a
significant step forward for the Atlanta Gold Project," commented
President and CEO of Atlanta Gold Inc., Ernie Simmons. "We now believe
that the issue of water pollution has been resolved. We continue to
progressively improve our environmental record, as well as the
economics of the Atlanta Project. The cooperation of the responsible
agencies, the work of employees, Contractors and Consultants, who all
worked to successfully complete this innovative approach is very much
appreciated."
For more about the PWTF, please refer to the news release of October 23,
2012, http://www.atgoldinc.com/news/2012-news/170-atlanta-gold-inc-upgrades-pilot-water-treatment-facility-to-achieve-epa-compliance-.
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 of the
time required to fully commission the 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 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.
SOURCE: Atlanta Gold Inc.
<p> </p> <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" cr="true">esimmons@atlantagold.com</a><br/> </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" cr="true">info@atgoldinc.com</a><br/> </p> <p> <b>CHF Investor Relations</b><br/> Juliet Heading<br/> Senior Account Manager<br/> Telephone: (416) 868-1079 ext. 239<br/> Fax: (416) 868-6198<br/> Email: <a href="mailto:juliet@chfir.com" cr="true">juliet@chfir.com</a><br/> <br/> </p>