Toronto, Ontario - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") announced that its subsidiary, Atlanta Gold Corporation ("AGC") has completed the processing of the initial surface trench excavation samples recovered from east of the Monarch Shaft, located at the Atlanta property in Elmore County, Idaho.
As indicated in the Company’s news release of November 27, 2013, using a Caterpillar 330 excavator, an estimated 30,000 tons of highly diluted material was exposed. More than 230 samples were taken from the excavated material that en masse will comprise the foundation of the mined ore pad upon which higher grade materials will be stockpiled when excavation continues. Assay results from the samples will be used to calculate the number of mineralized ounces comprised in the pad's 2014 foundation.
The samples were processed by Inspectorate America Corporation, Reno, Nevada using fire assay (FA) analytical methods. The samples ranged from 0.021 g/ton (<0.001 opt) to >10.0 g/ton (>0.292 opt) and included 149 samples at 1.032 g/t or 0.030 oz/t or greater. The average grade of the preceding samples was 2.690 g/t or 0.078 oz/t contained within the planned outline of the surface trench excavation. “The results obtained by Inspectorate were within the range expected by the Company and the Company believes that with the removal of the highly diluted surface area, there will likely be an increase in grade. The Shear Zone width is from 18.3 meters to 30.5 meters (60 to 100 feet) and standing vertical in the surface exposure” says Ernest Simmons President and CEO.
A composite of the above samples is being delivered to Inspectorate, Vancouver, to be used for metallurgical testing. The 2014 exploration project will determine the efficacy of a gravity recovery system to produce a concentrate. The concentrate will be transported to a Nevada facility for final processing by autoclave or roaster, followed by leaching then to a final bullion.
Eric Berentsen, a director of Atlanta Gold Inc. and a qualified person as defined by NI43-101, has reviewed and verified the technical information contained in this news release. Mr. Berentsen is a Registered Member of The Society for Mining Metallurgy and Exploration, Inc. (SME).
Quality Control and Assurance
Samples were handled and analyzed in accordance with NI 43-101 standards. Assaying was done by Inspectorate America Corporation of Sparks, Nevada, U.S.A. Samples were 30-gram fire assays of samples weighing approximate three pounds each. 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.
For further information contact:
|Atlanta Gold Inc.:
Wm. Ernest Simmons
President and CEO
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|Atlanta Gold Inc.
Telephone: (416) 777-0013
Fax: (416) 777-0014
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|CHF Investor Relations
Director of Operations
Telephone: (416) 868-1079 x 225
Fax: (416) 868-6198
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