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TORONTO,
June 10, 2014 /CNW/ - Atlanta Gold
Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") today
announced that its wholly owned subsidiary, Atlanta Gold
Corporation is committing to the acquisition of the gold processing
equipment as outlined on the following flow-sheet. With completion
of road maintenance in June of 2014 enabling a safer access to the
Atlanta exploration trench, a
contractor will excavate and crush a bulk sample to -50 mesh and
stockpile the sample for processing by the Company.
The results of the bulk sample testing will
determine the ultimate design of the future process plant and
recovery.
To review the flow-sheet, please visit:
http://atgoldinc.com/images/PDF/Flow_Sheet_Table_May_2014.pdf
- The gold mineralized material will be mined and crushed to -50
mesh by a contractor and delivered to a feed bin at Atlanta Gold's
process facility.
- The crushed material will be slurried and then fed to a Falcon
SB centrifugal concentrator. Bench scale testing by
Inspectorate Laboratories and Met-Solve Laboratories, both in
Vancouver, B.C., show that
recoveries greater than 42.5% of the total gold can be expected
from the Falcon. This concentrate contains most of the free
gold that will be shipped to a refinery.
- The tailings from the Falcon will be fed to a set of M-10
gravity tables developed by American Mining Services in
Sandy, Oregon. They will
produce a middlings concentrate that will contain mostly refractory
sulphide mineralization.
- The tailings from the M-10 tables will be fed to a set of M-7
gravity tables for final clean concentrate recovery. The
concentrate from the M-10 and M-7 tables will contain oxide and
refractory mineralization that will be sent out of state for
roaster or autoclave processing.
- Both the M-10 and M-7 gravity tables use only water in a closed
circuit system, and gravity as a separation medium. Bench
scale testing has shown that up to 40.3% of the total gold can be
captured from these tables.
- The total gold recovered from both the Falcon and the M-10 and
M-7 gravity separation was 82.8%. From an assumed 800 ton per
day feed, it is expected to produce 49.9 ounces of gold per
day. The total mass concentration rate was 50:1.
- Free gold will be shipped directly to a refinery while the
remaining arsenic bearing refractory concentrate will be shipped
out of Idaho for processing.
- The next phase of testing will be to use this flow sheet to
process a large bulk sample.
Qualified Person
Information of a technical nature in this news release regarding
Atlanta has been reviewed by
Eric J. Berentsen, Vice President,
Atlanta Gold Corporation, who is a designated "Qualified Person"
under NI 43-101. Mr. Berentsen is a Registered Member of the
Society for Mining, Metallurgy, and Exploration, Inc.
Quality Control and Assurance
Samples are selected and handled in accordance with NI 43-101
standards. Processing and assaying was completed by
Inspectorate Exploration and Mining Services Ltd. of Vancouver, British Columbia, Canada, Met-Solve
Laboratories, Inc, Langley, British
Columbia, Inspectorate America Corporation, Sparks, Nevada and Action Mining Services
Inc., Sandy, Oregon. Quality
control and assurance of the analytical results is maintained at
the laboratory by inserting standards and blanks into the sample
run.
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, including with respect to the completion of road
maintenance, the acquisition of the process equipment, the
completion of a bulk sample and the successful application of the
process system to a bulk sample of gold mineralized material. 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 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.
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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