Atlanta Gold Inc. announces further drill results from the East Extension Zone at its Atlanta property in Idaho



    TORONTO, Nov. 13 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announces results
from the most recent five drill holes in its surface diamond core drilling
program at its Atlanta property ("Atlanta") in Elmore County, Idaho. The
exploration program is testing areas outside of the current Idaho and Monarch
open-pit designs.
    All data received from the 2007 surface drilling program to date is from
the East Extension Zone. Drilling of this zone was designed to evaluate the
potential for a near-surface expansion of the Monarch Pit and drilling in this
area was completed by the end of October. While some assays from this zone are
still pending, data received to date indicates an expansion of the Monarch Pit
eastward is likely. Geological modeling and resource estimation will be
undertaken after the current phase of the program is completed.
    Drill results in the East Extension Zone were expected to yield grades
that would be potentially open-pit ("OP") mineable and suitable for heap-leach
("HL") processing. Actual results from this drilling appear to meet the
targeted OP+HL criteria but further engineering studies will be required. The
attached table includes selected assay data from the most recent five holes in
this zone received since the Company's news release of September 24, 2007.
    Two high-grade intercepts in this near-surface zone greatly exceeded
expectations. A high-grade hole completed by the Company in the same area in
1987, prior to implementation of CSA NI 43-101 guidelines, is tabled
separately below, with the two new intercepts. These assays are significantly
higher than the average grade of the resource and reserve estimates, and they
indicate the presence of a high-grade vein within the Atlanta Shear or in a
splay vein off of the Shear.

    
    -------------------------------------------------------------------------
      Hole                                True               True
     Identi-     From     To    Width  Width(*)   Assay   Width(*)    Assay
    fication    (Feet)  (Feet)  (Feet)   (Feet)  (opt Au)  (Meters)  (gpt Au)
    -------------------------------------------------------------------------
    D07115E005  148.0   150.0     2.0      1.4     0.598      0.4     20.503
    -------------------------------------------------------------------------
    D07130E006  234.5   238.0     3.5      2.2     0.376      0.7     12.891
    -------------------------------------------------------------------------
    1987 Hole
    R8712E255    30.0    40.0    10.0      9.1     0.492      2.8     16.869
    -------------------------------------------------------------------------
    (*) True widths are estimates based on current available data and may be
        subject to change.
    

    Management believes that these high-grade intercepts may be an extension
of the historic Central Ore Shoot mined by underground methods prior to 1940.
Similar grades were encountered in the 900 Adit underground drilling program
undertaken by the Company in 1997. The 1997 intercepts were 700 vertical feet
below the new intercepts, and were geologically interpreted to be the same ore
zone, identified as the Deep Central Ore Shoot.
    A Longitudinal Section of the Atlanta Shear Zone - Facing North
illustrating the above interpretation and the possible connection from the
Deep Central Ore Shoot to these recent high-grade intercepts near surface can
be viewed at http://www.atgoldinc.com. Drilling density at depth is still
inadequate in the 700-foot vertical space (the "New Target Zone No. 2")
between the bottom of the East Extension Zone and the Deep Central Ore Shoot.
However, the indications of a significant mineralized zone are sufficient to
warrant future exploration of "New Target Zone No. 2".
    An immediate impact of New Target Zone No. 2 relates to the Environmental
Impact Statement ("EIS") permitting for the OP+ HL project at Atlanta. The
intercepts in the East Extension drilling, with both open-pit grades and
potential underground grades, indicate that the Pettit Waste Dump previously
proposed in the EIS should be relocated, to preserve the mining potential of
the East Extension.
    Surveyed parameters for the location of the five drill holes reported are
shown below.

    
    -------------------------------------------------------------------------
                             Mine      Mine
                    Total    Grid      Grid    Elevation            Incline/
    Hole            Depth   North(*)   East(*)   ASL      Azimuth     Dip
    Identification  (Feet)  (Feet)    (Feet)    (Feet)   (Degrees) (Degrees)
    -------------------------------------------------------------------------
    D07115E005       262    181.78   1,148.68   6,970.05    150      -45
    -------------------------------------------------------------------------
    D07130E006       338     90.71     903.29   6,862.10    150      -45
    -------------------------------------------------------------------------
    D0714E007        360    315.39   1,400.83   6,837.52    150      -40
    -------------------------------------------------------------------------
    D07155E008       225    404.83   1,551.52   6,754.00    150      -35
    -------------------------------------------------------------------------
    D0719E009        112     95.33   1,906.02   6,716.73    150      -45
    -------------------------------------------------------------------------
    (*)Northing and Easting coordinates in feet are based on a local Mine
       Grid.
    

    A table showing the 2007 surface drilling results to date as well as
additional information on Atlanta is available on the Company's website at
http://www.atgoldinc.com.

    Quality Control and Assurance

    Drill core samples were handled and assayed in accordance with NI 43-101
standards. Assaying was done by Chris Christopherson, Inc., an Umpire
laboratory for major mining companies, which is based in Kellogg, Idaho.
Samples were 30-gram fire assays of whole NQ-sized core (1 7/8 inches in
diameter).

    Qualified Person

    The Atlanta drill program was managed and supervised by William L. (Bill)
Josey, the Company's Chief Geologist and designated "Qualified Person" under
NI 43-101. Mr. Josey is a registered professional geologist in the State of
Arizona. Information of a technical nature in this news release regarding
Atlanta has been reviewed by Mr. Josey.

    About the Company

    Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary,
Atlanta Gold Corporation, a 100% interest in the Atlanta property which
comprises 1,891 acres and is located 65 miles east of Boise, in Elmore County,
Idaho. A long history of mining makes Atlanta very suitable for the
development of new mining projects. Atlanta was historically mined from at
least 24 underground adits when the gold price was US$20 - $35 per ounce.
    The Company is focused on advancing its core asset, Atlanta, towards mine
development and production and on acquiring, exploring and developing other
attractive gold projects.

    Forward-Looking Information

    This news release contains forward-looking information and
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", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate" and similar terminology to identify
forward looking information and statements. 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. Forward
looking information and 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 information
and 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 speculative nature of mineral
exploration, development and mining (including with respect to size, grade and
recoverability of mineral reserves and resources); operational and technical
difficulties; risks and hazards associated with the business of mineral
exploration, development and mining, including environmental hazards;
government action or delays in the receipt of governmental approvals, permits
and licenses; changes in resource prices and fluctuations in currency exchange
rates; the Company's limited financial resources and the availability of
financing alternatives; contests to the title of Company property and changes
in general economic conditions or conditions in the financial markets; as well
as other risks and uncertainties which are more fully described in the
Company's annual Form 20-F, 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.
    Readers are cautioned that the foregoing lists of risks, uncertainties
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 information or
statements contained herein or in any other documents filed with Canadian and
U.S. securities regulatory authorities, whether as a result of new
information, future events or otherwise, except in accordance with applicable
securities laws.

    
         2007 SURFACE DRILLING PROGRAM - TABLE OF SELECTED ASSAY DATA
        FROM THE MOST RECENT FIVE DRILL HOLES AS AT NOVEMBER 13, 2007

                            Atlanta Gold Property

    -------------------------------------------------------------------------
      Hole                                True               True
     Identi-     From     To     Width  Width(*)   Assay   Width(*)    Assay
    fication    (Feet)  (Feet)  (Feet)   (Feet)  (opt Au)  (Meters)  (gpt Au)
    -------------------------------------------------------------------------
    D07115E005   88.0    90.0     2.0     1.4      0.018      0.4      0.617
    -------------------------------------------------------------------------
                118.0   124.0     6.0     4.2      0.017      1.3      0.594
    -------------------------------------------------------------------------
                126.0   128.0     2.0     1.4      0.027      0.4      0.926
    -------------------------------------------------------------------------
                132.0   142.0    10.0     7.1      0.028      2.2      0.953
    -------------------------------------------------------------------------
                146.0   148.0     2.0     1.4      0.015      0.4      0.514
    -------------------------------------------------------------------------
                148.0   150.0     2.0     1.4      0.598      0.4     20.503
    -------------------------------------------------------------------------
                150.0   152.0     2.0     1.4      0.016      0.4      0.549
    -------------------------------------------------------------------------
                160.0   162.0     2.0     1.4      0.025      0.4      0.857
    -------------------------------------------------------------------------
                168.0   172.0     4.0     2.8      0.033      0.9      1.131
    -------------------------------------------------------------------------
                174.0   176.5     2.5     1.8      0.041      0.5      1.406
    -------------------------------------------------------------------------
                188.5   193.0     4.5     3.2      0.031      1.0      1.063
    -------------------------------------------------------------------------
                229.0   233.5     4.5     3.2      0.016      1.0      0.549
    -------------------------------------------------------------------------
                238.5   241.0     2.5     1.8      0.040      0.5      1.371
    -------------------------------------------------------------------------
                247.0   253.0     6.0     4.2      0.040      1.3      1.360
    -------------------------------------------------------------------------
    D07130E006  186.5   188.5     2.0     1.3      0.016      0.4      0.549
    -------------------------------------------------------------------------
                195.5   198.0     2.5     1.6      0.018      0.5      0.617
    -------------------------------------------------------------------------
                218.0   223.0     5.0     3.2      0.022      1.0      0.754
    -------------------------------------------------------------------------
                233.0   234.5     1.5     1.0      0.030      0.3      1.029
    -------------------------------------------------------------------------
                234.5   238.0     3.5     2.2      0.376      0.7     12.891
    -------------------------------------------------------------------------
    D0714E007   186.5   234.5    11.0     7.1      0.021      2.2      0.723
    -------------------------------------------------------------------------
                234.5   238.0     3.5     2.2      0.376      0.7     12.891
    -------------------------------------------------------------------------
                238.0   245.0     7.0     4.5      0.024      1.4      0.813
    -------------------------------------------------------------------------
    D07155E008  110.0   112.0     2.0     1.1      0.016      0.3      0.549
    -------------------------------------------------------------------------
                116.0   118.0     2.0     1.1      0.016      0.3      0.549
    -------------------------------------------------------------------------
    D0719E009   49.0     67.0    18.0    12.7      0.022      3.9      0.754
    -------------------------------------------------------------------------
    (*) True widths are estimates based on current available data and may be
        subject to change.
    




For further information:

For further information: Bill Baird, Interim CEO, Telephone: (416)
777-0013, Fax: (416) 777-0014, E-mail: info@atgoldinc.com

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