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:
http://files.newswire.ca/1485/AtlanticUpdate.pdf
Further updates will be provided in due course.
On behalf of the Board of Directors,
Steven Dean
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.
Forward-Looking Statements:
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