TORONTO, Feb. 25, 2013 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) announces that the innovative passive water filtration system ("PWFS") installed on November 1, 2012 (see News Release of November 28, 2012) by its subsidiary Atlanta Gold Corporation ("AGC"), continues to remove more than 99% of the arsenic and the iron levels continue to be in compliance with the U.S. Clean Water Act.
"We are continuing daily monitoring of the Pilot Water Treatment Facilities, paying particular attention to the water filtration system and testing variable flows through the two filtration tanks," said President and CEO, Ernest Simmons.
In addition to daily monitoring, AGC's testing addressed the following:
- Influent behind the bulkhead at approximately 5,000 parts per billion ("ppb") Arsenic (As) passing through the X-cut to the portal required additional iron to maintain the As reduction in the bedded primary filter to recover over 75%.
- Pond influent is pre-treated with Calcium (CaCO3) to increase the pH to approximately 7 and the CaCO3 was taken off-line for two weeks to determine the effectiveness of the additive during low flows.
- Pond influent is also pre-treated with Ferric Sulphate (FeSO4) to provide a bonding ion for the As. Following testing of the water without Calcium Carbonate (CaCO3) for two weeks, the CaCO3 was put back on-line and then the FeSO4 was taken off-line for the next two weeks and then put back on-line.
- The influent water samples to the final filters provided the Company with substantial scientific information that was required for AGC to make the decision to modify its Supplemental Plan of Operations (SPOO) in early 2013.
Ernie Simmons continues: "The Plan for Spring of 2013, prior to maximum flow and run-off, is to modify the SPOO, have the changes approved by the responsible agencies, and expand the capacity of the filter system instead of increasing pond capacity. With the completion of the SPOO scheduled for December 2014 and control of water discharge flow rates, I have no doubt that this innovative system is the right choice for Atlanta."
There have been numerous inquiries from communities, mine operators and well water users expressing interest in AGC's PWFS. The Company, AGC, and CENTRA Consulting, Inc. have agreed in principle to work together to market and deliver PWFSs to third parties.
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. 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 statements, including with respect to modification of AGC's SPOO and expansion of the capacity of the filter system. 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. These assumptions include those concerning the ability to obtain requisite regulatory approvals and the availability of sufficient financing. Forward-looking statements involve 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 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; 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.
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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
E-mail: [email protected]
CHF Investor Relations
Senior Account Manager
Telephone: (416) 868-1079 ext 239
Fax: (416) 868-6198
E-mail: [email protected]