TORONTO, July 22, 2014 /CNW/ - Atlanta Gold Inc. (TSXV:
ATG; OTCQX: ATLDF) (the "Company") has purchased process
equipment to begin the assembly of the gravity recovery system as
described in the Company's June 10,
2014 news release. The Company now has two semi-batch
concentrators in possession and will commence testing and
evaluating the performance of both concentrators doing field
testing under full load beginning next week.
President and CEO, Wm. Ernest
Simmons, said: "We want to be confident that the equipment
the Company plans to use will equal or exceed researched recovery
and performance expectations from bench testing. In combination and
working in parallel, the two semi-batch concentrators can exceed an
average of 100 tons per hour. Two circuits of 500 tons per shift
working in parallel or on two test programs simultaneously is our
operating objective."
To view the equipment, please view:
http://www.atgoldinc.com/images/news/P7070002.jpg.
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 the commencement of testing of the concentrators and the
achievement of operating objectives. 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 the 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.
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.