TORONTO, Jan. 16, 2013 /CNW/ -Atlanta Gold Inc.'s (TSXV: ATG) (OTCQX: ATLDF) plan for 2013 is: (i) to continue to implement the Supplemental Plan of
Operations ("SPOO") 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 sulfide 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% or more of the arsenic, to achieve compliance with the
Clean Water Act. The Passive Filtration System at the Pilot Water
Treatment Facility (PWTF) was installed in November 2012 (see news
release dated November 13, 2012). The second stage, planned to expand
the capacity of the PWTF to handle 600+ gallons per minute, will be
completed in Q3-2013. 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, CEO. "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% which was used in the
model developed by P&E Mining Consultant Inc. for their NI 43-101
compliant resource estimate (see news release dated February 9, 2012).
The Company will continue to work with Knife River Corporation 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 8km access road. This all seasons 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 storm water 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, 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 December 12, 2012) and
construction is expected in Q2-2013 and should take approximately three
weeks to be completed.
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.
To receive Company news via email, contact bren@chfir.com and mention "Atlanta Gold News" in the subject line.
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ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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
continued implementation of the SPOO; the generation of a larger bulk
sample and the achievement of recovery objectives; and the completion
of construction of the access road. 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
successful and timely completion of sufficient additional financings by
the Company and/or Atlanta Gold Corporation ("AGC"); the availability
of requisite equipment and manpower; the ability to achieve operating
and cost estimates; and general business and economic conditions.
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 AGC's limited financial resources and their ability to
raise sufficient funds on a timely basis to fund the capital and
operating expenses necessary for the Company to carry out its plans,
achieve its business objectives and continue as a going concern; the
speculative nature of mineral exploration and mining (including with
respect to the interpretation of geology, continuity, size and grade
estimates and the recoverability of reserve and resource estimates);
operational and technical difficulties which could increase operating
and/or capital costs; the implementation of additional penalties
against AGC should payment of the penalty imposed by the Court in
respect of water treatment not be achieved in the time permitted; risks
and hazards associated with the business of mineral exploration,
development and mining, including environmental, health and safety
hazards, changes in laws or regulations and the risk of obtaining
necessary consents, licenses and permits; fluctuations in resource
prices and currency exchange rates; changes in general economic
conditions and in the financial markets; 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.
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 slick-uniqueid="14" target="_blank" href="mailto:esimmons@atlantagold.com">esimmons@atlantagold.com</a><br/> <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/> E-mail: <a slick-uniqueid="15" target="_blank" href="mailto:info@atgoldinc.com">info@atgoldinc.com</a><br/> <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/> E-mail: <a slick-uniqueid="16" target="_blank" href="mailto:juliet@chfir.com">juliet@chfir.com</a><br/> <br/> <br/> </p>