Atlanta Gold Inc ATLDF

Lots of work needs to be done.

[Bob_Ten]

In order to demonstrate the economic viability of the Project, an updated Pre-Feasibility or Feasibility Study using the current mining strategy, resource estimate and prevailing metal prices is warranted. The Study should be based on a combined shallow open pit (two shallow open pits) and underground mining operation and should envision production and sale of smelter-grade gold and silver concentrate to a smelter in Nevada. With enhanced resources additional development activities may indicate it is possible to incorporate both surface and underground mining operations coupled with milling metal recovery methods designed to increase the economic viability of the Project. The Study should be designed to review and confirm the existing current mineral resource estimate, determine preliminary designs, estimate capital and operating costs for a shallow open pit and underground mine with different ore and waste production rates. This Study will be the first one to apply current economics to a combined shallow open pit and underground mine operation at Atlanta.
This more selective method of ore extraction positively addresses environmental concerns that will allow the management of Atlanta to continue working closely with environmental groups, the town of Atlanta and surrounding communities, federal, state and local agencies with a view to developing a combined shallow open pit and underground mine at Atlanta in a timely manner.