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
"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
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 email@example.com and mention "Atlanta
Gold News" in the subject line.
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.
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
Atlanta Gold Inc.: Wm. Ernest Simmons President and CEO Telephone:
(208)-424-3343 Fax: 208-338-6513 Email:firstname.lastname@example.org
Atlanta Gold Inc. Bill Baird Vice President and CFO Telephone: (416) 777-0013
Fax: (416) 777-0014 E-mail:email@example.com
CHF Investor Relations Juliet Heading Senior Account Manager Telephone: (416)
868-1079 ext 239 Fax: (416) 868-6198 E-mail:firstname.lastname@example.org
SOURCE: Atlanta Gold Inc.
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CO: Atlanta Gold Inc.
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-0- Jan/16/2013 12:00 GMT
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