/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES/
TORONTO, Nov. 27, 2013 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") announced that its subsidiary, Atlanta Gold Corporation ("AGC") has
completed the initial surface trench excavation at the Monarch Shaft,
located at the Atlanta property in Elmore County, Idaho.
Using a Caterpillar 330 excavator, an estimated 30,000 tons of highly
diluted material was exposed. More than 230 samples were taken from the
excavated material that en masse will comprise the foundation of the
mined ore pad upon which higher grade materials will be stockpiled when
excavation continues. Assay results from the samples will be used to
calculate the number of mineralized ounces comprised in the pad's 2014
foundation. The samples will be processed by Inspectorate America
Corporation in Reno.
The surface sample area has identified the proposed bulk sample
excavation area as planned for next year.
Wm. Ernest Simmons, President and CEO stated, "The 800' length x 65'
width sample area exposed numerous Northwest trending splays which had
been identified by previous surveys and sampling. Next year we expect
to begin testing the gravity recovery potential from this defined
surface trench area during the first phase of trench sampling at the
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 excavation of a bulk sample and testing of the gravity
recovery potential, and the respective 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 that management believe to be reasonable and relevant.
These assumptions include the continued availability of sufficient
funding, the availability of adequate equipment and manpower and the
ability to achieve operating and cost objectives. 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 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 to carry out its planned
initiatives; operational and technical difficulties which could delay
or prevent completion of its 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; 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.
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.
SOURCE: Atlanta Gold Inc.
For further information:
Atlanta Gold Inc.:
Wm. Ernest Simmons
President and CEO
Atlanta Gold Inc.
Telephone: (416) 777-0013
Fax: (416) 777-0014
CHF Investor Relations
Director of Operations
Telephone: (416) 868-1079 ext. 225
Fax: (416) 868-6198