TORONTO,
July 5, 2012 /CNW/ - Atlanta Gold
Inc. (TSXV: ATG; OTCQX: ATLDF) announces that 145 tons of bulk
sample material from surface trenches at the Atlanta project, across the Main Shear Zone
immediately east of the Monarch Shaft, have been delivered to, and
are being stockpiled at test processing facilities in Boise, Idaho. Test processing and sample
results are expected in the third quarter of 2012.
"The bulk sample initiates the testing required to
determine the viability of using a pilot-scale test processing
plant which would not use chemicals to concentrate the oxide and
sulphide open pit materials. If successful, water would be the only
liquid used in on-site processing," said Wm. Ernest Simmons, President and CEO of the
Company. Details of the 2012 work program and trench sampling
results were previously announced in the Company's news releases of
June 6th and
19th.
"We also took the opportunity on return trips to
the mine site to deliver 128 tons of bedding chips / filter rock
and this filter material will be used for improvements to the
quality of water drainage from the historic mine 900 Adit being
treated at the Pilot Water Treatment Facility (PWTF)," added
Simmons.
The Company's 2012 Supplemental Plan of Operations
(SPOO) and Remedial Action Plan (RAP) are expected to be initiated,
subject to approval, by the U.S. Forest Service in July 2012.
Inspectorate America Corporation of Sparks Nevada will provide the bulk sample
concentrate results using fire assay method. The facility is ISO
certified 9001:2008.
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 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.
Forward-Looking Information
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 the commencement of test
processing, the time to receive the results therefrom and the
receipt of regulatory approval of the SPOO and RAP. 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 successful and timely completion of
additional financings by the Company, the ability to achieve
capital and operating cost estimates, an outcome favorable to the
Company's subsidiary in certain environmental litigation and
general business and economic conditions. 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 limited
financial resources and its ability to raise sufficient funds on a
timely basis to fund the capital and operating expenses necessary
to achieve its business objectives and continue as a going concern;
operational and technical difficulties; 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.
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.
