TORONTO, July 7, 2014 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") has completed the maintenance of Forest Service Road 207 (FS207) which in the future is planned to be the egress (exit) road from the Atlanta Project's operations. The main ingress (entry) road is planned to be constructed in 2015 which will have a more modest grade and will be a year round gated access.
"The current use by the Company of the completed FS207 road is to provide access to exploration trenching planned for 2014 at the Atlanta Project, while providing a safer route for both the public and the Company. In the event of a forest fire or loss of the West river exit from the Town of Atlanta, a bypass route out the East side of FS207 will be maintained by the Company. "As stewards of the land and reflecting our commitment to providing maximum environmental protection, the planned Gold Claim Road and firebreak is the ingress route of the future - planned for 2015," said Wm. Ernest Simmons, President and CEO.
A bulk sample at the Atlanta Project will be excavated by Knife River Corporation and processed on site by the Company, using the test gravity recovery system as was fully described in the Company's June 10, 2014 news release.
Wm. Ernest Simmons, President and CEO states: "We are delighted to have a team that has made all the necessary road improvements in a short time. Our next step is the excavation and processing of a larger bulk sample of gold mineralized material that is expected to be completed by the end of November 2014. Our dedicated team has made this possible."
About Atlanta Gold Inc.
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 production.
This news release contains forward-looking information and forward-looking statements (collectively "forward-looking statements") within the meaning of applicable securities laws, including in respect of the completion of the construction of the ingress road, the excavation and processing of a bulk sample at the Atlanta Project and the respective timing thereof. Such are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors that management believe to be reasonable and relevant. These assumptions include those concerning the generation of an additional bulk sample, the successful application of the processing technology and the achievement of recovery objectives, the completion of additional financings, the availability of equipment and manpower, the ability to achieve operating and cost estimates and general business and economic conditions. 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; fluctuations in resource prices and currency exchange rates; the speculative nature of mineral exploration and mining (including with respect to the interpretation of geology, continuity, size and grade estimates and the recoverability of resource estimates); operational and technical difficulties which could increase operating and/or capital costs; risks and hazards associated with the business of mineral exploration, development and mining, including environmental, health and safety hazards; changes in laws or regulations and the risk of obtaining necessary consents, licenses and permits; changes in general economic conditions and in the financial markets; 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.
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SOURCE: Atlanta Gold Inc.
For further information:
Atlanta Gold Inc.:
Wm. Ernest Simmons
President and CEO
Fax: (208) 338-6513
Atlanta Gold Corporation
Eric J. Berentsen
Telephone: (208) 424-3343
Fax: (208) 338-6513
CHF Investor Relations
Telephone: (416) 868-1079 ext. 225
Fax: (416) 868-6198