Overall Completion 94%
Ball Mill Turning
On Target for First Gold Pour in Coming Weeks
VANCOUVER, Aug. 28, 2017 /CNW/ - Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to report that dry and wet commissioning are nearing completion at the Moose River Consolidated Mine, Nova Scotia, Canada.
The commissioning activities were initiated late in July as originally scheduled starting with the milestone of the site being energized during the first week of July. Construction of all surface infrastructure is substantially complete including the process plant and the tailings management facility (TMF).
The ore stockpile pad has been readied and more than 1.5 million tonnes of ore is exposed in the Touquoy pit. The ore material is ready for drill and blast and then haulage to the ore stockpile pad.
Commissioning of the process plant and services is progressing as planned. The crushing circuit was handed over to the Atlantic Operations team on August 24th, and load tests have commenced. The ball mill drive has been tested and commissioned with water load test operation completed. A short video clip of the ball mill turning can be viewed by clicking the image below:
The carbon in leach (CIL) gold recovery tanks have all been water tested and agitators have been commissioned. A complete water loop has been completed from the ball mill, through cyclones to the leach circuit, detox, then recirculated by the tailings pumps to the process water tank. Services such as process and fresh water have been commissioned and are in service. Process water intake, the water pumping station, tailings line and the decant tower installation are expected to be fully constructed by September 3rd. The process control system infrastructure installation is substantially complete with implementation of the process control system ongoing. The overall commissioning process to date has revealed no significant issues and Atlantic remains on track for the production of gold in the coming weeks.
A link to commissioning photos can be viewed here:
Further updates will be provided in due course.
On behalf of the Board of Directors,
Chairman and Chief Executive Officer
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.
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements and information are not historical facts, are made as of the date of this press release, and include, but are not limited to, statements regarding discussions of future plans, guidance, projections, objectives, estimates and forecasts and statements as to management's expectations with respect to, among other things, the activities contemplated in this news release and the timing and receipt of requisite regulatory, and shareholder approvals in respect thereof. Forward-looking statements in this news release include, without limitation, statements related to proposed exploration and development programs, grade and tonnage of material and resource estimates. These forward looking statements involve numerous risks and uncertainties and actual results may vary. Important factors that may cause actual results to vary include without limitation, the timing and receipt of certain approvals, changes in commodity and power prices, changes in interest and currency exchange rates, risks inherent in exploration estimates and results, timing and success, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), changes in development or mining plans due to changes in logistical, technical or other factors, unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications, cost escalation, unavailability of materials, equipment and third party contractors, delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, and changes in general economic conditions or conditions in the financial markets. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, the assumptions that: (1) market fundamentals will result in sustained gold demand and prices; (2) the receipt of any necessary approvals and consents in connection with the development of any properties; (3) the availability of financing on suitable terms for the development, construction and continued operation of any mineral properties; and (4) sustained commodity prices such that any properties put into operation remain economically viable. Information concerning mineral reserve and mineral resource estimates also may be considered forward-looking statements, as such information constitutes a prediction of what mineralization might be found to be present if and when a project is actually developed. Certain of the risks and assumptions are described in more detail in the Company's audited financial statements and MD&A for the year ended December 31, 2016 and for the quarter ended June 30, 2017 on the SEDAR website at www.sedar.com. The actual results or performance by the Company could differ materially from those expressed in, or implied by, any forward-looking statements relating to those matters. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. Except as required by law, the Company is under no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
SOURCE Atlantic Gold Corporation
For further information: Maryse Bélanger (COO), +1 604 689-5564; Sean Thompson (Manager Investor Relations), Toll Free: 1 877 689-5599, Direct: +1 778 375-3125