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April 24, 2008 Toronto Stock Exchange "ATG" |
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Atlanta Gold Inc. Stakes Additional Ground in Idaho at Rocky Bar, Quadrupling its Land Position Toronto, Ontario – Atlanta Gold Inc. (TSX: ATG) – announces that it has filed location notices on contiguous lode unpatented claims at Rocky Bar which cover approximately 7,020 acres (10.97 square miles). Staking of these additional claims increases the total area of the Company’s land holdings in Idaho by 437% to 9,101 acres (15.78 square miles). These new claims are located just 17 miles south west of the Company’s Atlanta gold property in Idaho and are regarded as being within Atlanta’s field of interest. Located in the heart of the historic Rocky Bar mining district, these strategic claims (the “Property”) were acquired by staking to accumulate viable open ground in and around Rocky Bar. The Property has the potential to host significant gold and silver mineralization and it has excellent logistics and infrastructure including access to water and county-maintained roads. An area location map will be available on the Company’s web site at www.atgoldinc.com An estimated 250,000 ounces of gold have been produced from both lode and placer sources at Rocky Bar since the 1860s. For competitive purposes, the Company has been staking the Property while continuing to advance its Atlanta gold project toward production. A detailed site investigation and resource evaluation program is scheduled to be conducted this year to further evaluate the mineral potential of the Property. About the Company Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary, Atlanta Gold Corporation, a 100% interest in the Atlanta property which comprises 2,081 acres and is located 65 miles east of Boise, in Elmore County, Idaho. A long history of mining makes Atlanta very suitable for the development of new mining projects. The Company is focused on advancing its core asset, Atlanta, towards mine development and production and on acquiring, exploring and developing other attractive gold projects. Forward-Looking Information This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. We use words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify forward looking information and statements. Such are based upon assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward looking information and statements involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward looking information and 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 speculative nature of mineral exploration, development and mining (including with respect to size, grade and recoverability of mineral reserves and resources); operational and technical difficulties; risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards; government action or delays in the receipt of governmental approvals, permits and licenses; changes in resource prices and fluctuations in currency exchange rates; the Company’s limited financial resources and the availability of financing alternatives; contests to the title of Company property and changes in general economic conditions or conditions in the financial markets; as well as other risks and uncertainties which are more fully described in the Company’s annual Form 20-F, 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. Readers are cautioned that the foregoing lists of risks, uncertainties 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 information or statements contained herein or in any other documents filed with Canadian and U.S. securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
For further information contact: Bill Baird President and CEO Telephone: (416) 777-0013; Fax: (416) 777-0014 E-mail: info@atgoldinc.com |