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TORONTO,
May 27, 2014 /CNW/ - Atlanta
Gold Inc. (TSXV: ATG) (OTCQX: ATLDF) (the "Company")
today announced that it has completed successful bench scale
testing of gold mineralization from its Atlanta project in Elmore County, Idaho.
Gold at Atlanta
occurs both as free gold and gold in association with arsenic
sulphides. The goal of the testing was to develop a process
flow that would separate gold mineralization from the rock and
concentrate it for shipment off site for further processing. A
process using only water and gravity produced a concentrate that,
based on a production rate of 800 tons per day and a feed grade of
0.075 ounces of gold per ton, would result in a concentration rate
of 50:1 and producing a concentrate of 15.7 tons at a grade of
3.178 opt gold. The concentrate would contain 49.9 ounces of gold
which would be a recovery of 82.8% of total gold."
"We are very excited about the results of the
bench scale testing" said Eric
Berentsen, Vice President of Atlanta Gold Corporation. "It
has taken over a year and many tests to develop this flow
sheet. Our process uses only water and gravity and the
recovery of 82.8% of the gold is one of the highest ever achieved
on this property. The water we use will be recycled so that
our water usage will be minimal. The next step is to apply
this technology to process a larger bulk sample of gold mineralized
material."
Qualified Person
Information of a
technical nature in this news release regarding Atlanta has been reviewed by Eric J. Berentsen, Vice President, Atlanta Gold
Corporation, who is a designated "Qualified Person" under NI
43-101. Mr. Berentsen is a Registered Member of the Society
for Mining, Metallurgy, and Exploration, Inc.
Quality Control and Assurance
Samples
are selected and handled in accordance with NI 43-101
standards. Processing and assaying was completed by
Inspectorate Exploration and Mining Services Ltd. of Vancouver, British Columbia, Canada, Met-Solve
Laboratories, Inc, Langley, British
Columbia, Inspectorate America Corporation, Sparks, Nevada and Action Mining Services
Inc., Sandy, Oregon. Quality
control and assurance of the analytical results is maintained at
the laboratory by inserting standards and blanks into the sample
run.
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 the application of the
technology to process a large bulk sample of gold mineralized
material. Such are based upon assumptions; opinions and analysis
made by management in light of its experience, current conditions
and its expectations of future developments as well as other
factors that management believe to be reasonable and
relevant. These assumptions include those concerning the
generation of an additional bulk sample, the achievement of
recovery objectives, the completion of additional financings, the
availability of equipment and manpower, the ability to achieve
operating and cost estimates and general business and economic
conditions. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
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; fluctuations in resource prices and
currency exchange rates; the speculative nature of mineral
exploration and mining (including with respect to the
interpretation of geology, continuity, size and grade estimates and
the recoverability of resource estimates); operational and
technical difficulties which could increase operating and/or
capital costs; 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.
To receive Company news via email, contact
jeanny@chfir.com and mention "Atlanta Gold News" in the subject
line.
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SOURCE Atlanta Gold Inc.