TORONTO, Oct. 1 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announced the
expansion of surface and groundwater sampling at its Atlanta Gold property
("Atlanta") in Elmore County, Idaho. The Company has increased monitoring of
surface waters and groundwater to meet or exceed environmental requirements.
This monitoring will continue to characterize existing water quality
conditions at Atlanta and support the environmental baseline collection
required for permitting purposes.
The expanded surface and groundwater sampling program was precipitated by
revisions to mine development plans currently being considered, including
potential underground exploration. New sampling locations will address revised
facility sites at Atlanta. The baseline hydrology sampling began in the late
1980's and will continue through mine operations and closure. The data from
this sampling program will serve as the base case for measurement of impacts
relating to surface and groundwater.
The Company has shifted from out-of-state environmental firms to Centra
Consulting Inc. ("Centra") and Brown and Caldwell ("B&C"), two
highly-qualified Idaho-based consulting firms to undertake year-round sampling
programs. This will improve the efficiency of sampling, reduce costs and yield
a greater number of samples per year. It will also establish a more
comprehensive baseline database for the Environmental Impact Statement (EIS).
Centra will establish the protocols for sampling and flow measurement of
surface waters at Atlanta, and undertake the 2007 rounds of sampling on-site.
Centra has several years of surface water sampling experience in the mining
industry. B&C, which has groundwater hydrology expertise, assisted in the
development of several groundwater wells at Atlanta last winter. B&C has been
engaged to determine groundwater elevations and collect samples from
monitoring wells and piezometers at Atlanta. Both firms will utilize tested
and accepted methodologies for baseline hydrology data collection.
The list of required water quality analyses is extensive, and includes
pH, turbidity, temperature, level or flow, and several targeted metals. The
samples will be derived from 26 surface water sites and 16 groundwater sites.
Site selections were made in consultation with U.S. Forest Service, Idaho Dept
of Environmental Quality and the U.S. Environmental Protection Agency.
Collection of baseline data for both surface and groundwater is critical
to develop a comprehensive hydrological analysis to protect water quality at
Atlanta. This data will be utilized to determine the overall water movement
and connections between surface and groundwater. It will also determine
impacts from the planned mining project on the local groundwater and surface
streams for the EIS analysis.
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
About the Company
Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary,
Atlanta Gold Corporation, a 100% interest in Atlanta 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.
For further information:
For further information: Bill Baird, Interim CEO, Telephone: (416)
777-0013, Fax: (416) 777-0014, E-mail: firstname.lastname@example.org