Atlanta Gold mobilizes excavator at Atlanta project site
TORONTO, July 30, 2013 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") announces that an excavator was mobilized to the Atlanta project site in early July.
President and CEO Wm. Ernest Simmons said, "This excavator which weighs more than 40 tonnes with a medium length boom and multiple quick release attachments was immediately put to work. The crew excavated and installed additional water treatment filters on the 900 Adit level. Two additional solids filters will provide the capacity to maintain quality water discharge through all seasonal flow rates."
In addition, Simmons said, "We now have the completed equipment package to reclaim all side hill core drilling platforms. Following reclamation, the Company will focus on the planned Bulk Sampling Program. We expect that the sampling program will commence about the third week of August and results will be reported when they are received and compiled."
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.
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, including with respect to the completion of the private placement financing and the intended use of proceeds therefrom. Such are based upon the assumption that definitive documentation will be entered into by the investors in a timely manner such that the financing may be completed within the time permitted by the TSX Venture Exchange. 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 its subsidiary'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; fluctuations in resource prices and currency exchange rates; changes in general economic conditions and in the financial markets; the imposition of additional penalties against AGC should payment of the penalty imposed by the Court in respect of water treatment not be achieved in the time permitted; 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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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.
Contact
Atlanta Gold Inc.:
Wm. Ernest Simmons
President and CEO
Telephone: (208)-424-3343
Fax: 208-338-6513
Email: esimmons@atlantagold.com
Atlanta Gold Inc.
Bill Baird
Vice President and CFO
Telephone: (416) 777-0013
Fax: (416) 777-0014
E-mail: info@atgoldinc.com
CHF Investor Relations
Jeanny So
Director of Operations
Telephone: (416) 868-1079 ext. 225
Fax: (416) 868-6198
E-mail: jeanny@chfir.com
