NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES
TORONTO, Sept. 3, 2014 /CNW/ - Atlanta Gold Inc.
(TSXV: ATG; OTCQX: ATLDF) today announced that due to the
heavy rain and severe flooding through portions of Elmore County, Idaho, the Company will move
its bulk sample efforts to the Neal Property instead of working on
the Atlanta Project, as previously announced. Elmore County issued the declaration of
emergency on August
12th. Governor of Idaho Butch Otter
declared a state of emergency for Elmore
County on Wednesday, August
27th.
Access to the Atlanta Project has been severely inhibited making
the movement of equipment in or out of the property impossible. In
the past few weeks, Atlanta's team
has worked on public road access, improving the mine drainage,
replacing pond liners, as well as replacing the filters on the
Passive Water Treatment Facility (PWTF). The Company
continues to maintain compliance with the drinking water standards
as set by the US Environmental Protection Agency and the Idaho
Department of Environmental Quality and other environmental
maintenance.
"Road damage to the Middle Fork of the Boise River has forced us
to move operations to the Neal Property several months earlier than
planned," commented Wm. Ernest
Simmons, President and CEO. "While this move affects Atlanta
Gold's planned operations for the short term, we are making the
necessary adjustments to accommodate this temporary inconvenience.
The move will be completed prior to the onset of winter which would
cause closure of the only year-round access should repairs to the
Middle Fork of the Boise River road not be complete. The Middle
Fork is the only winter road to Atlanta that has been maintained in the
past".
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 with respect to moving
operations from the Atlanta Project to the Neal Property and the
completion of a bulk sample thereon. 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 ability to move operations to the Neal Property in a
timely manner, 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.
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SOURCE Atlanta Gold Inc.