Atlanta Gold Inc. to improve road access to the Atlanta Project
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TORONTO, Feb. 4, 2014 /CNW/ - Atlanta Gold Inc. (TSXV: ATG) (OTCQX: ATLDF) (the "Company") today reported that the United States Forest Service has granted approval to the Company's road maintenance plan for 2014. The plan covers improvements to Forest Service road FS207, which provides the primary access to the Company's Atlanta Project located in Elmore County, Idaho. The maintenance will include, but not be limited to, widening the road, establishing safety berms in certain areas and installing water bars, ditches, silt fences and catch basins to minimize erosion. A realignment of the road has been approved and it will allow for a minimum of 50 feet (15 meter) inside turning radius in the curves of the road that will provide safer access for larger vehicles.
Atlanta Gold's President and CEO Wm. Ernest Simmons said, "This maintenance agreement with the Forest Service for the FS207 road allows the Company to make improvements that will provide better and safer access to the Atlanta Project. It also allows for improved erosion controls to be implemented, which will provide us with the ability to exercise best management practices and better protect the environment."
"This road provides important access to our Atlanta Project where we will be excavating and processing a bulk sample this summer and the improvements will provide safer access for the equipment necessary to complete the sample. The road will also serve as a fire break and a potential fire escape route for the residents of the town of Atlanta and it reflects our commitment to continuous improvement of our overall environmental and safety plans."
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 kilometres) 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.
This news release contains forward-looking information and forward-looking statements (collectively "forward-looking statements") within the meaning of applicable securities laws, including with respect to the completion of improvements to U.S. Forest Service road FS207 and completion of a bulk sample and the timing thereof. Such are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors that management believe to be reasonable and relevant. These assumptions include those concerning the completion of additional financings, the availability of 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 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 limited financial resources and its ability to raise sufficient funds on a timely basis to fund the capital and operating expenses necessary to carry out its planned initiatives; fluctuations in resource prices and currency exchange rates; 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 resource estimates); operational and technical difficulties which could increase operating and/or capital costs; 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; 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.
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SOURCE Atlanta Gold Inc.For further information:
Atlanta Gold Inc.
Wm. Ernest Simmons
President and CEO
Fax: (208) 338-6513
Atlanta Gold Corp.
Eric J. Berentsen
Telephone: (208) 424-3343
Fax: (208) 338-6513
CHF Investor Relations
Director of Operations
Telephone: (416) 868-1079 ext. 225
Fax: (416) 868-6198