Toronto, Ontario, Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the “Company”) announces that it has received approval for the construction of the private access road from the Atlanta Highway District. The request to construct the road was supported by residents, property owners and visiting sportsmen via a petition to the Elmore County Commissioners and Planning Board. The “firebreak” road will follow historic routing and cross public lands to the main shear zone of the Atlanta Mine’s private property. This road will also provide a firebreak to protect the forested north-facing slope of the Atlanta Mine land holdings. The North Slope is the area within which the historic Atlanta community is located.
The departure of the private road/firebreak (PR/FB) will begin approximately one-half (1/2) mile prior to Atlanta (5,213 foot elevation) and the terminus will be at the proposed Idaho Pit (7,225 foot elevation). The length of the road/firebreak is 26,400 feet and will not exceed a grade of 10%. Construction will be designed for year round, “all seasons”, safe access for vehicles of all classes and weights. In addition, the routing will reduce or eliminate the need for access along or within certain drainages, including through the residential area of Atlanta. The road construction and maintenance of the PR/FB will be the Company’s responsibility. The Company plans to complete construction in Q2 2013.
CEO and President, Ernest Simmons, said, “This all seasons road demonstrates the Company’s focus on improving existing conditions by relocating access routes, reducing the travel along drainages, protecting streams and tributaries, reducing storm water pollution by increasing the width of the buffer zones, eliminating the continuous use of exploration roads, providing a firebreak for Atlanta and, last but not least, a safe entry and access route for all road users.”
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.
This news release contains forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities laws with respect to the completion of the road construction and the 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 which it believes to be reasonable and relevant. These assumptions include those concerning no significant delays due to adverse weather conditions, the continued availability of adequate financing, no significant decline in existing general business and economic conditions, and the level and volatility of the gold price. 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 by 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 the Company’s limited financial resources, changes in general economic conditions or conditions in the financial market, changes in resource prices and fluctuations in currency exchange rates, the speculative nature of mineral exploration, development and mining, as well as other risks and uncertainties which are more fully described in the Company’s annual and quarterly Management Discussion and Analysis and in other Company filings made with securities regulatory authorities, which are available at www.sedar.com. Readers are cautioned that the foregoing lists of risks, uncertainties and assumptions are not exhaustive. The forward-looking statements are made as of the date hereof. The Company undertakes no obligation to update publicly or revise any forward-looking statements contained herein whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
For further information contact:
|Atlanta Gold Inc.
Wm. Ernest Simmons
President and CEO
Telephone: (208) 424-3343
Fax: (208) 338-6513E-mail: [email protected]
|Atlanta Gold Inc.
Vice President and CFO
Telephone: (416) 777-0013
Fax: (416) 777-0014
E-mail: [email protected]
|CHF Investor Relations
Senior Account Manager
Telephone: (416) 868-1079 ext. 239
Fax: (416) 868-6198
E-mail: [email protected]
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