TORONTO, Dec. 16, 2013 /CNW/ - Atlanta Gold Inc. (TSXV: ATG) (OTCQX: ATLDF) (the "Company") is pleased to announce the addition of Eric J. Berentsen as Vice President of its subsidiary, Atlanta Gold Corporation ("AGC"). Mr. Berentsen, who has been a director of the Company since 2006, will join AGC effective January 6, 2014 and adds significant depth to the operating team as it continues to advance the Atlanta Project towards mine development and production.
Mr. Berentsen, who will also be a director of AGC, has over 35 years of varied geological and managerial experience. He graduated from Lake Superior State University-Sault Ste. Marie, Michigan, in 1978. Eric held the position of Chief Exploration Geologist with Getchell Gold Corp. from 1990 to 1999. Mr. Berentsen also served as Senior Mine Geologist from 1999 to 2002 for Placer Dome Inc. and for Apollo Gold Inc. from 2002 to 2005. He has worked for Jipangu Exploration Inc., most recently as President, since Jipangu's acquisition of the exploration division of Apollo Gold in 2005.
During his career, Mr. Berentsen has been responsible for discoveries containing in excess of 20 million ounces of gold, the most notable being the Turquoise Ridge Mine in Humboldt County, Nevada, the expansion of the Florida Canyon Mine near Imlay, Nevada and the expansion of the Black Fox Mine, near Matheson, Ontario. He is a registered Member of the Society of Mining, Metallurgy and Exploration, Inc. (SME) and a Qualified Person under National Instrument 43-101.
Wm. Ernest Simmons, President and CEO of the Company said, "The addition of Eric to the operating team working out of Boise is expected to be a turning point for the Company. We have a significant gold resource to work with and a land position that has significant exploration potential, which includes areas of historic production from not less than 12 small mines. We have resolved environmental issues and are improving upon our metallurgical processing through gravity recovery methods rather than leaching. Eric Berentsen adds tremendous geological and managerial experience . Welcome aboard, Eric."
As the Company's focus continues to be on developing the Atlanta Project, management has determined to allow the claims comprising the Company's Brodeur diamond property to lapse, rather than to incur further expenditures necessary to maintain the Brodeur claims. The Company expects to complete its remaining reclamation obligations at Brodeur during the summer of 2014.
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 completion of the Brodeur reclamation. 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 and the availability of adequate equipment and manpower. 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 limited financial resources and its ability to raise sufficient funds on a timely basis to fund the capital and operating expenses necessary to carry out its planned initiatives; and operational and technical difficulties which could delay or prevent completion of its initiatives 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.
SOURCE: Atlanta Gold Inc.
For further information:
Atlanta Gold Inc.:
Wm. Ernest Simmons
President and CEO
Email: [email protected]
Atlanta Gold Inc.
Telephone: (416) 777-0013
Fax: (416) 777-0014
Email: [email protected]
CHF Investor Relations
Director of Operations
Telephone: (416) 868-1079 x 225
Fax: (416) 868-6198
Email: [email protected]