Atlanta Gold Inc. Announces 2009-2010 Exploration Program Including
Evaluation of Tungsten By-Product Potential
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As previously announced, the
The objective of the 2009-2010 exploration programs is to increase the gold mineral resource inventory at
a. increasing the size of the near-surface, shallow open-pit resource which can be mined at a relatively low cost; b. increasing the size of the sparsely-drilled higher-grade (0.35+ ounce-per-ton) (12.0+ gram per ton) zones found between the Monarch and Idaho areas in the west and the East Extension area in the east at the 900-1,200 foot horizon; and c. increasing the confidence in the continuity between these higher-grade zones. The 2009-2010 exploration programs will include the following: - 10,000 feet (3,048 metres) of shallow infill core drilling to a depth of 400 feet (122 metres) on the East Extension, West Monarch and Idaho zones; - 15,000 of 33,000 feet (4,572 of 10,058 metres) of core drilling to an intermediate depth of 1,500-1,800 feet (457-549 metres) on the East Extension and Monarch zones. This intermediate drilling is the first phase of drilling to expand the potential higher-grade resource (0.35+ opt) (12.0+ gpt) at or below the 750 level; - survey, sample and assay 2,200 feet (671 metres) of trenches to further evaluate the near surface potential of the Atlanta Shear Zone; - complete 2,000 samples of the A,B and C horizons on a 25-foot by 25-foot (8-metre by 8-metre) grid - assay six drill holes from the 2009 surface drilling program; - subject to obtaining regulatory approvals, commence rehabilitation of the next 1,475 feet (450 metres) of the 2,275-foot (693-metre) long historic 900 Adit; and - 12,000 feet (3,658 metres) of underground NQ drilling from the historic 900 Adit.
Based on a recent review of historic mining records, the Company has determined that, in addition to the gold and silver mineralization in the 11,400-foot (3,475-metre) long, 100-120-foot (30-37-metre) wide.
Qualified Person
Information of a technical nature in this news release regarding
About the Company
The Company is focused on advancing its core asset,
Forward-Looking Information
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", "intend", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward looking information and statements, including with respect to the planned exploration program and planned enhancement of the gold resource at the
Such forward-looking information and statements are based on a number of assumptions, including but not limited to, the timely completion of sufficient financings to fund the Company's capital and operating requirements, the expected timelines necessary to complete and the successful completion of the exploration, development, permitting and pre-production activities, the level and volatility of the price of gold, the accuracy of reserve and resource estimates, the ability to achieve capital and operating cost estimates and general business and economic conditions. Should one or more risks materialize or should any assumptions prove to be incorrect, then actual results could vary materially from those expressed or implied by the forward-looking information.
Readers are cautioned that the foregoing lists of risks, uncertainties, assumptions and other factors are not exhaustive. The forward-looking statements and information 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 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.
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For further information: For further information: Atlanta Gold Inc.: Bill Baird, President and CEO, Telephone: (416) 777-0013, Fax: (416) 777-0014, E-mail: [email protected]; CHF Investor Relations: Christopher Haldane, Account Manager, Telephone: (416) 868-1079, extension 237, Fax: (416) 868-6198, E-mail: [email protected]
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