Atlanta Gold Inc. encouraged by drill results from its surface exploration program at its Atlanta property in Idaho



    TORONTO, Sept. 24 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announces results
from the first four drill holes in its surface diamond core drilling program
at its Atlanta project ("Atlanta") located in Elmore County, Idaho. The
exploration program is testing areas outside of the current Idaho and Monarch
open-pit designs. Three out of the initial four drill holes of the program
intersected significant gold mineralization ranging from 0.029 ozAu/ton over 6
feet to 0.039 ozAu/ton over 10 feet. Composite assay results from the surface
drilling program at Atlanta are presented below.

    
    -------------------------------------------------------------------------
                From    To    Width  True Width  Assay   True Width    Assay
    Hole I.D.  (Feet) (Feet) (Feet)  (Feet)(*)  (opt Au) (Meters)(*) (gpt Au)
    -------------------------------------------------------------------------
    D07105E001                  Not  Completed
    -------------------------------------------------------------------------
    D07105E002   24.5   34.5  10.0      10.0     0.039       3.1       1.34
    -------------------------------------------------------------------------
    D07105E003  290.0  296.0   6.0       6.0     0.029       1.8       0.99
                304.0  308.8   4.8       4.8     0.038       1.5       1.30
    -------------------------------------------------------------------------
    D07105E004  213.0  223.0  10.0      10.0     0.038       3.1       1.30
    -------------------------------------------------------------------------
    (*) True widths are estimates based on current available data and may be
        subject to change.


    -------------------------------------------------------------------------
                   T.D.
    Hole I.D.     (Feet)  Northing(*)  Easting(*) Elevation  Azimuth  Incline
    -------------------------------------------------------------------------
    D07105E001    103.0      90.71       903.29    7,043.56    150      -55
    -------------------------------------------------------------------------
    D07105E002    105.0      54.71     1,050.76    7,025.11    150      -30
    -------------------------------------------------------------------------
    D07105E003    308.8     248.16       712.85    7,035.45    150      -40
    -------------------------------------------------------------------------
    D07105E004    290.0     205.74     1,053.79    6,974.08    150      -45
    -------------------------------------------------------------------------
    (*) Northing and Easting coordinates are based on a local Mine Grid.
    

    All mineralized intercepts show argillic and siliceous alteration and
contain fine-grained iron sulfides. The host rock is a coarse-grained
granodiorite of Cretaceous age.
    As described in the Company's news release of July 23, 2007, the Company
recently completed revisions to its open pit mine designs, using a gold price
of US$550 and a silver price of US$10 per ounce and updated operating costs.
The results, which are reported in the CSA National Instrument 43-101
compliant technical report (the "Technical Report") on Atlanta issued in June
2007, indicate that based only on heap leach ore processing, total recoverable
gold production from the Monarch and Idaho pits would be approximately 747,000
gold equivalent ounces over a projected mine life of 9.3 years. This
represents an increase of 42.3% from the 525,000 ounces estimated in the 2005
Feasibility Study.
    The surface drilling program is projected to include 22 drill holes
totaling 11,000 feet of drilling. The objective of this program is to explore
shallow targets with the potential to increase gold resources within open
pittable depths in areas that are beyond the outer rim of the currently
proposed 9.3-year open pit mine. The drill holes will target historic mining
areas outside the Atlanta Shear Zone, and potential extensions along the
Shear. At Atlanta, there are 35 identified historic mines off the Shear. The
drill program is intended to expand the open pit mineable reserves in the
eastern and western extensions of the Atlanta Shear and to confirm the
previous reverse circulation drilling results from the Monarch and Idaho open
pit deposits. In addition, initial exploration drilling will be carried out on
historically mined structures on the immediate flanks of the Atlanta Shear.
Ninety percent of the proposed drill holes are on patented claims. Drilling
commenced in early June 2007. To date, 1,988 feet have been completed in eight
holes. One core drill is working on the surface and an exploration decline is
being designed that will allow underground access to the ore body for drilling
and test mining. A buggy-mounted reverse circulation (RC) drill is expected to
begin in mid-September to advance the drilling of infill holes in the eastern
and western extensions and the Minerva area on the southeastern side of the
Atlanta Shear.
    The 2007 and 2008 exploration program at Atlanta is expected to include
additional surface and underground drilling in support of updated reserve
calculations for both open pit and underground deposits. Deep potential for
the property is indicated by core hole R8713W272 which penetrated 9.0 feet
grading 1.797 opt gold at a depth of 1,187.5 feet and core hole 91-400 which
intersected 2.9 feet grading 0.541 opt gold and 1.0 feet grading 0.659 opt
gold. These intercepts are located at depths of 1,390.1 feet and 1,522.5 feet
respectively. Hole R8713W272 was drilled on behalf of the Company in 1987 and
hole 91-400 was drilled on behalf of Newmont Mining in 1991, prior to National
Instrument 43-101. While the quality and accuracy of these historical assays
cannot currently be verified, it is believed that they indicate potential for
higher grade mineralization at depth and are relevant to ongoing exploration.
Assay results are discussed in the Technical Report which is available on
SEDAR at www.sedar.com and on the Company's website at www.atgoldinc.com.
    Management is very encouraged by these intercepts which indicate the
potential for significant mineralization below and peripheral to the margins
of the planned open pit mine. They indicate that economic mineralization
continues east of, and below the current reserve model and there is
considerable potential for additional mineralization that could lead to a
variety of options for future development. Future drilling will concentrate on
projecting mineralization at depth and determining the potential for an
expanded production scenario through development of an underground mining
operation as a complement to surface mining. Adding reserves and bringing
Atlanta into production is the Company's primary focus as it continues with
environmental, permitting and engineering programs.

    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 involves 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.





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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Atlanta Gold Inc.

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