TORONTO, July 22, 2014 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") has purchased process equipment to begin the assembly of the gravity recovery system as described in the Company's June 10, 2014 news release. The Company now has two semi-batch concentrators in possession and will commence testing and evaluating the performance of both concentrators doing field testing under full load beginning next week.
President and CEO, Wm. Ernest Simmons, said: "We want to be confident that the equipment the Company plans to use will equal or exceed researched recovery and performance expectations from bench testing. In combination and working in parallel, the two semi-batch concentrators can exceed an average of 100 tons per hour. Two circuits of 500 tons per shift working in parallel or on two test programs simultaneously is our operating objective."
To view the equipment, please view: http://www.atgoldinc.com/images/news/P7070002.jpg.
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 the commencement of testing of the concentrators and the achievement of operating objectives. 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 the 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.
To receive Company news via email, contact [email protected] and mention "Atlanta Gold News" in the subject line.
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, Telephone: (208) 424-3343, Fax: (208) 338-6513, Email: [email protected]; Atlanta Gold Corporation: Eric J. Berentsen, Vice President, Telephone: (208) 424-3343, Fax: (208) 338-6513, Email: [email protected]; CHF Investor Relations: Jeanny So, Telephone: (416) 868-1079 ext. 225, Fax: (416) 868-6198, Email: [email protected]