ATLDF Atlanta Gold Inc (CE)

NEWS RELEASE

November 28, 2012

 

ATLANTA
GOLD ACHIEVES CRITICAL ENVIRONMENTAL MILESTONE

 

Toronto,
Ontario, Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the “Company”) recently installed a water filtration
and treatment system as an addition to its existing Pilot Water Treatment
Facility (“PWTF”) at the Atlanta project site, Idaho. This marks the
achievement of a critical environmental milestone that meets the requirements
of the site’s existing water permit.

 

“This innovative passive water filtration system was
installed as it was the system that met all requirements to treat the historic
discharge from the 900 Level Adit.  These
requirements included that the system not only be effective but require minimum
energy with low operating costs and capital outlay.  We were not previously aware of this type of
application for this system, but expect now to be able to benefit from the
marketing of it by another party,” said President & CEO, Wm. Ernest
Simmons. 

 

Initial results from this system indicate the PWTF is
now meeting the existing National Pollutant Discharge Elimination System (“NPDES”)
discharge permit requirements for arsenic and iron. Mr. Simmons commented
further, “I’m very pleased with the results thus far.  Arsenic levels have been reduced from a high
of approximately 5,000 ppb to non-detectable. 
Iron levels have been reduced from a high of 16,300 ppb to non-detectable
(<50 ppb).  Continued performance at
this level of efficiency will allow Atlanta Gold to demonstrate compliance with
permit requirements and provide the opportunity to move forward with mine
development.”

 

Atlanta Gold and their engineering firm, CENTRA
Consulting Inc., completed the design, construction and installation of the new
system over the course of 60 days. 
Operation of the system began on November 1, 2012.  CENTRA’s Project Engineer, Ryan Eldridge,
indicated he also is very pleased with how the system is performing,“We still
have some fine-tuning to do, but thus far things are going remarkably well.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Table 1
Date	Bulkhead Discharge		Adit Discharge (Into Ponds)		Ponds Discharge (into Tank #1)		Tank #1, Cell #1 Effluent Into Tank #2		Tank #2, Cell #3 Effluent (Discharge to Montezuma Creek)
	As (µg/l)	Fe (µg/l)	As (µg/l)	Fe (µg/l)	As (µg/l)	Fe (µg/l)	As (µg/l)	Fe (µg/l)	As (µg/l)	Fe (µg/l)
10/01/12	2840	15300	1830	11600
Oct avg					136	1774
11/05/12	3160	16300	1870	11600	173	2630
11/06/12							65	1550	29	430
11/08/12									10	70
11/13/12	2610	15200	1840	11000			6	210	<5	<50
11/15/12			1840	12000					<5	<50
11/19/12	2470	15200	1760	11900	198	3030	46	6080	<5	<50
Nov avg	2770	15500	1828	11620	169	2478	39	2613

 

The results shown in Table 1 demonstrate that the PWTF
is currently removing approximately 99.9% of arsenic, and approximately 99% of
the iron from the water prior to discharge into Montezuma Creek, which meets
the NPDES discharge requirements for the system.  With continued monitoring and adjustments to
the system if required, AGC and CENTRA believe that the system will meet the compliance
requirements for discharge by the court ordered date of December 15, 2012.

 

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 time necessary to complete the upgrades to the pilot water treatment
facility and the ability of the system to achieve compliance with the NPDES
Permit. 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 the availability of
requisite equipment and manpower, and the ability to achieve operating
estimates. 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 Court’s discretion to refuse the relief requested and to
impose additional financial and other sanctions against AGC, the Company’s and
AGC’s limited financial resources and their ability to raise sufficient funds
on a timely basis to carry out the terms of the Court’s order (whether or not
such order is amended), achieve its business objectives and continue as a going
concern; operational and technical difficulties; 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.

 

For further information contact:

 

 

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