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TORONTO, Sept. 18, 2013 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") announced that its subsidiary, Atlanta Gold Corporation ("AGC") has successfully modified its passive water filtration system ("PWFS") located near its Atlanta Project, by adding two additional solids removal filters. The additional filters increase the capacity of the PWFS to treat the effluent discharge emanating from the historic (1917) 900 cross-cut and Adit.
The installation of the filters was completed in July 2013 and successfully removed the inert sediments thereby improving the efficiency of the final filter. The new filters were test operated in parallel and in series. The results of the tests were evaluated as the bedded materials used for treatment matured. Recent test results with the two cells in series verified successful removal of 99.62% of arsenic and continued compliance with the U.S. Clean Water Act.
This modification of the PWFS eliminates the need to construct the previously approved 200,000 gallon "East Pond" cited in AGC's Supplemental Plan of Operations ("SPOO") which was approved by the U.S. Forest Service on August 2, 2012.
"The initial results from the changes to the PWFS are certainly beneficial and are cause for the Company to expect further improved water management and continued compliance with the Clean Water Act," said Ernie Simmons, CEO of Atlanta Gold. "Innovative action was needed to install a system within limited space, with reduced time of exposure of water to extreme weather conditions and with improved capacity, so as to maintain compliance with the Clean Water Act. The completion of the approved SPOO will allow the Company to apply Best Management Practices (BMP) and ultimately achieve control of the flow of water - thereby substantially reducing the risk to all stakeholders, with full implementation of the approved SPOO scheduled to be completed prior to December 31, 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 the modification of and the final completion of the SPOO and the timing and effects 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 that management believe to be reasonable and relevant. These assumptions include the ability to obtain requisite regulatory approval, the continued successful operation of the PWFS and the continued availability of sufficient funding. 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 and AGC's limited financial resources and their ability to raise sufficient funds on a timely basis to fund the capital and operating expenses necessary to carry out its planned initiatives; operational and technical difficulties which could delay or prevent completion of its initiatives; fluctuations in resource prices and currency exchange rates; 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.
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
Email: [email protected]
Atlanta Gold Inc.
Vice President and CFO
Telephone: (416) 777-0013
Fax: (416) 777-0014
Email: [email protected]
CHF Investor Relations
Director of Operations
Telephone: (416) 868-1079 ext. 225
Fax: (416) 868-6198
Email: [email protected]
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