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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
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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.
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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.
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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.
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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.
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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.
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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.
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Free gold will be shipped directly to a refinery while the remaining
arsenic bearing refractory concentrate will be shipped out of Idaho for
processing.
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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.
Image with caption: "PROPOSED ATLANTA FLOWSHEET (CNW Group/Atlanta Gold Inc.)". Image available at: http://photos.newswire.ca/images/download/20140610_C9243_PHOTO_EN_41223.jpg