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.
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SOURCE Atlanta Gold Inc.