Toronto, Ontario, December 9, 2015 – Atlanta Gold Inc. (the "Company") (TSXV: ATG; OTC Pink: ATLDF) today announced assay results from the bulk sampling of surface mineralized material obtained from the Neal Property under a Notice of Motorized Exploration (“NOME”). Neal Development, LP (the “Partnership”), was created by the Company’s wholly-owned subsidiary, Atlanta Gold Corporation (“AGC”), to explore and develop the Neal Property (See the Company's news releases of April 7, 2015 and June 11, 2015). Exploration commenced in mid-July and the NOME was submitted to the Idaho Department of Lands on July 22, 2015.
The bulk sample excavation at the Neal Property continued into November, producing an estimated eight thousand (8,000) short tons of gold-bearing material. The bulk sample was excavated from exposed material within three (3) contiguous acres. Five hundred and sixty-two (562) samples in eight (8) batches, primarily from stockpiles, were tested and analyzed by two (2) laboratories resulting in a weighted average gold grade of 0.1494 ounces per ton (“opt”) (5.12 grams per tonne (“gpt”)).
The two laboratories are Inspectorate America (“Inspectorate”) in Sparks, Nevada and Queenstake-Jerritt Canyon Mine Assay Laboratory (“Jerritt Canyon”) 42 miles north of Elko, Nevada.
|Batch Number||Lab Report Date||Number of Samples||Average Gold Grade in opt||Average Gold Grade in gpt||Lab Name|
|1||August 4, 2015||8||0.2328||7.98||Inspectorate|
|2||August 6, 2015||4||0.0022||0.08||Inspectorate|
|3||August 24, 2015||22||0.2029||6.96||Inspectorate|
|4||August 31, 2015||14||0.0601||2.06||Inspectorate|
|5||September 30, 2015||66||0.0172||0.59||Jerritt Canyon|
|6||October 6, 2015||109||0.0708||2.43||Jerritt Canyon|
|7||October 30, 2015||214||0.0804||2.76||Inspectorate|
|8||November 30, 2015||125||0.4057||13.91||Inspectorate|
Three hundred and eighty-seven (387) samples in six (6) batches were tested and analyzed by Inspectorate. Procedures included crush, split, pulverize 250g to 200 mesh and fire assay 30g for gold with an AAS finish. Blanks and standards were inserted among the samples for quality control and quality assurance. Inspectorate is an ISO 9001 certified laboratory and is independent from the Company.
One hundred and seventy-five (175) samples in two (2) batches were sent to Jerritt Canyon. Jerritt Canyon is a non-accredited laboratory and is independent from the Company. The Jerritt Canyon laboratory’s protocol is to crush, split, pulverize 200g to 150 mesh and fire assay a 29g sample for gold with a gravimetric finish. Standards were inserted for quality control and quality assurance.
Records of custody were recorded from sample sites to assay laboratories for shipments to both laboratories.
Wm. Ernest Simmons, President and CEO of the Company stated, “We are excited about the results from this four-month bulk sampling and testing program. After some initial grab sampling and drilling, the decision was made to focus on target areas which were along recognizable surface structures in two main areas referred to as “J” and “M”. This last batch of one hundred and twenty-five (125) samples proved to be the most interesting with a weighted average gold grade of 0.4057 opt (13.91 gpt) including a high of 5.1500 opt (176.57 gpt) and a low of 0.0040 opt (0.14 gpt).”
The assays from area “J” averaged 0.4314 opt gold (14.79 gpt) and the assays from area “M” averaged 0.4035 opt gold (13.83 gpt). The sample areas referred to as “M” and “J” are 250 by 250 foot (76.2 by 76.2 meter) grid squares diagonal to each other and trending northeasterly. These squares cover the main part of the recognizable shear zones and include most of the surface exposures of the shear zones. Samples from “M” and “J” are from excavations along the exposed structures.
Of the one hundred and twenty-five (125) samples tested and analyzed by Inspectorate, ninety-seven (97) were over 0.1000 opt (3.43 gpt). All sample results from areas “M” and “J” are listed below:
|Sample #||Au opt||Location||Sample #||Au opt||Location||Sample #||Au opt||Location|
This recent exploration sampling of the Neal Property has been insufficient to define a mineral resource, and it is uncertain if further similar exploration will result in there being a viable, delineated mineral resource.
Information of a technical nature in this news release has been reviewed by William L. Josey, who is a designated “Qualified Person” under NI 43-101 regulations. Mr. Josey is an independent geologist, who is a Registered Member of the Society for Mining, Metallurgy, and Exploration, Inc. (SME) and a Registered Geologist in the State of Arizona. Mr. Josey was on site during one of the early stages of sampling and offered suggestions on sampling. Subsequent sampling was under the supervision of senior, experienced Company personnel.
About the Company
Atlanta Gold Inc. holds through its 100% owned subsidiary, AGC, leases, options or ownership interests in its Atlanta properties which comprise approximately 2,159 acres (8.74 square kilometres) located 90 air kilometres 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.
The Company is also focused on advancing its exploration and processing methods on the Neal Property, which is located approximately 15 miles from Boise, Idaho and comprises approximately 192 acres (0.78 square kilometres). The Neal Property’s geology is similar to that of the Atlanta Project; in that, there are northeasterly-trending shear zones in granodioritic host rocks. The Neal Property provides the Company with all-season access to further refine the processing equipment and procedures. AGC holds a five-year lease on the Neal Property and has staked an additional seven contiguous claims on public land that was open to mineral entry.
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Atlanta Gold Inc.
Atlanta Gold Inc.
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