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TORONTO, June 2, 2014 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") today announced that their wholly owned subsidiary, Atlanta Gold Corporation (the "Company") recently completed the purchase of two houses in Atlanta, Idaho. Both houses have been rented to the Company in the past. The houses will accommodate staff members who will be assigned to the project and temporary employees who will be working different shift rotations.
To view the pictures of the houses, please visit: http://atgoldinc.com/images/news/house1.jpg and http://atgoldinc.com/images/news/house2.jpg
In addition to the above houses, the Company is negotiating the purchase of the other properties as well as established housing. The possibility of locating an ATCO 10-room personnel camp in the Atlanta area for single person accommodations is planned. A deposit of 40% of the cost for the ATCO camp has been paid and delivery is subject to approval of a fully serviced lot location within the Atlanta town site.
Residential accommodations are now available for at least 25 workers. "The Company is experiencing solid community acceptance of our presence in the area and the financial benefits that we provide," said Wm. Ernest Simmons, President and CEO of the Company.
The purchase of this housing decreases the Company's monthly payments, increases the assets of the Company and provides assurance of the Company's continuing confidence in the Atlanta project.
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.
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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.
Image with caption: "House 1 (CNW Group/Atlanta Gold Inc.)". Image available at: http://photos.newswire.ca/images/download/20140602_C1046_PHOTO_EN_2434.jpg
Image with caption: "House 2 (CNW Group/Atlanta Gold Inc.)". Image available at: http://photos.newswire.ca/images/download/20140602_C1046_PHOTO_EN_2435.jpg
SOURCE: Atlanta Gold Inc.
For further information: Atlanta Gold Inc.: Wm. Ernest Simmons, President and CEO, Telephone: (208)-424-3343, Fax: (208) 338-6513, Email: firstname.lastname@example.org; Atlanta Gold Corporation: Eric J. Berentsen, Vice President, Telephone: (208) 424-3343, Fax: (208) 338-6513, Email: email@example.com; CHF Investor Relations: Jeanny So, Director of Operations, Telephone: (416) 868-1079 ext. 225, Fax: (416) 868-6198, Email: firstname.lastname@example.org