TORONTO, Dec. 3, 2012 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") announces that the U.S. District Court for the State of
Idaho has granted to the Company's wholly-owned subsidiary, Atlanta
Gold Corporation ("AGC") a six-month extension of the time to pay the
US$2,000,000 Court-imposed penalty from October 31, 2012 to April 30,
2013. The outstanding penalty will bear interest at approximately 10%
per annum from November 28, 2012 until it is paid in full. The penalty
pertains to AGC's non-compliance with the United States Federal Water
Pollution Control Act with respect to treatment of water discharge at
the historic 900 level adit located near Atlanta, in Elmore County,
The installation and commissioning of an innovative water treatment
system has been completed by Atlanta. This new system has allowed AGC
to consistently meet the effluent standards over the past few weeks.
Management believes this new system will prove useful to others in
Idaho who have been having difficulty meeting water effluent standards.
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
kilometers) 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
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
Telephone: (208) 424-3343
Fax: (208) 338-6513
Atlanta Gold Inc.
Vice President and CFO
Telephone: (416) 777-0013
Fax: (416) 777-0014
CHF Investor Relations
Senior Account Manager
Telephone: (416) 868-1079 ext. 225
Fax: (416) 868-6198