TORONTO, Nov. 13, 2012 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) today announced that following the completion last week of the installation of the Passive Filtration System at the Pilot Water Treatment Facility (PWTF) on-site at the Atlanta property in Elmore County, Idaho, testing of the filtration system has begun by the contracted engineering firm, CENTRA Consulting Inc. While initial testing has been quite positive, a 45-day period is required to fully test the system during which twice weekly water samples will be taken and sent for lab analysis. This should be completed by mid-December, at which time CENTRA will certify the efficacy of the system.
The PWTF filtration plant utilizes a proprietary technology that is a relatively low cost, energy efficient, safe solution to water treatment issues common to many others in the State of Idaho. The Company will license a second party to make this system available to others that have similar arsenic issues.
"The identification and installation of this facility represents a significant step forward for the Atlanta Gold Project," commented President and CEO of Atlanta Gold Inc., Ernie Simmons. "We now believe that the issue of water pollution has been resolved. We continue to progressively improve our environmental record, as well as the economics of the Atlanta Project. The cooperation of the responsible agencies, the work of employees, Contractors and Consultants, who all worked to successfully complete this innovative approach is very much appreciated."
For more about the PWTF, please refer to the news release of October 23, 2012, http://www.atgoldinc.com/news/2012-news/170-atlanta-gold-inc-upgrades-pilot-water-treatment-facility-to-achieve-epa-compliance-.
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. All statements, other than statements of historical fact, are forward-looking statements. We use words such as "may", "intend", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking statements, including with respect to of the time required to fully commission the upgrades to the PWTF and the ability of the system to achieve compliance with the NPDES Permit. 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. These assumptions include those concerning and the ability to achieve operating estimates. Forward-looking statements involve 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 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 and Atlanta Gold Corporation's ("AGC") limited financial resources and their ability to raise sufficient funds on a timely basis to fund the capital and operating expenses necessary for AGC to carry out the terms of the Court's order; operational and technical difficulties which could delay or prevent compliance with the Court order; the implementation of additional penalties by the Court should compliance with the Court's order not be achieved in the time permitted; 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.