TORONTO,
July 7, 2014 /CNW/ - Atlanta Gold
Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") has
completed the maintenance of Forest Service Road 207 (FS207) which
in the future is planned to be the egress (exit) road from the
Atlanta Project's operations. The main ingress (entry) road
is planned to be constructed in 2015 which will have a more modest
grade and will be a year round gated access.
"The current use by the Company of the completed
FS207 road is to provide access to exploration trenching planned
for 2014 at the Atlanta Project,
while providing a safer route for both the public and the
Company. In the event of a forest fire or loss of the West
river exit from the Town of
Atlanta, a bypass route out the East side of FS207 will be
maintained by the Company. "As stewards of the land and
reflecting our commitment to providing maximum environmental
protection, the planned Gold Claim Road and firebreak is the
ingress route of the future - planned for 2015," said Wm.
Ernest Simmons, President and
CEO.
A bulk sample at the Atlanta Project will be
excavated by Knife River Corporation and processed on site by the
Company, using the test gravity recovery system as was fully
described in the Company's June 10,
2014 news release.
Wm. Ernest
Simmons, President and CEO states: "We are delighted to have
a team that has made all the necessary road improvements in a short
time. Our next step is the excavation and processing of a larger
bulk sample of gold mineralized material that is expected to be
completed by the end of November
2014. Our dedicated team has made this possible."
About Atlanta Gold Inc.
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,
including in respect of the completion of the construction of the
ingress road, the excavation and processing of a bulk sample at the
Atlanta Project and the respective timing thereof. 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 successful application of the processing technology and
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
limited financial resources and its 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.