Atlanta Gold improves its water filtration treatment system
September 18 2013 - 7:00AM
OTC Markets
Atlanta Gold improves its water filtration treatment system
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Atlanta Gold improves its water filtration treatment system
Canada NewsWire
TORONTO, Sept. 18, 2013
/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, Sept. 18, 2013 /CNW/ - Atlanta Gold Inc.
(TSXV: ATG; OTCQX: ATLDF) (the "Company") announced that
its subsidiary, Atlanta Gold Corporation ("AGC") has
successfully modified its passive water filtration system
("PWFS")
located near its Atlanta Project, by adding two additional
solids
removal filters. The additional filters increase the capacity
of the
PWFS to treat the effluent discharge emanating from the historic
(1917)
900 cross-cut and Adit.
The installation of the filters was completed in July 2013 and
successfully removed the inert sediments thereby improving the
efficiency of the final filter. The new filters were test
operated in
parallel and in series. The results of the tests were
evaluated as the
bedded materials used for treatment matured. Recent test
results with
the two cells in series verified successful removal of 99.62%
of
arsenic and continued compliance with the U.S. Clean Water
Act.
This modification of the PWFS eliminates the need to construct
the
previously approved 200,000 gallon "East Pond" cited in AGC's
Supplemental Plan of Operations ("SPOO") which was approved by the
U.S.
Forest Service on August 2,
2012.
"The initial results from the changes to the PWFS are certainly
beneficial and are cause for the Company to expect further
improved
water management and continued compliance with the Clean Water
Act,"
said Ernie Simmons, CEO of Atlanta
Gold. "Innovative action was needed
to install a system within limited space, with reduced time of
exposure
of water to extreme weather conditions and with improved capacity,
so
as to maintain compliance with the Clean Water Act. The
completion of
the approved SPOO will allow the Company to apply Best
Management
Practices (BMP) and ultimately achieve control of the flow of water
-
thereby substantially reducing the risk to all stakeholders, with
full
implementation of the approved SPOO scheduled to be completed prior
to
December 31, 2014."
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
with
respect to the modification of and the final completion of the SPOO
and
the timing and effects 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
that
management believe to be reasonable and relevant. These
assumptions
include the ability to obtain requisite regulatory approval,
the
continued successful operation of the PWFS and the continued
availability of sufficient funding. 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;
operational and technical difficulties which could delay or
prevent
completion of its initiatives; fluctuations in resource prices
and
currency exchange rates; 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.
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.
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