Atlanta Gold improves mineral recoveries in tests using new
technique developed by Knife River Corporation
/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, Sept. 3, 2013 /CNW/ - Atlanta Gold Inc. (TSXV:
ATG; OTCQX: ATLDF) (the "Company") today reported that
further gold recovery process testing by Knife
River Corporation ("KRC") on material from the Company's
Atlanta
project, in Idaho, has achieved
higher recovery rates by reducing the
grain size of the feed material to liberate gold and sulphides
from
unwanted gangue material. The process by which KRC reduces the
size,
but without grinding, is its own new proprietary technical
application
that is both cost effective and energy efficient.
By way of background, the Company has been working this year with
KRC on
ways to improve the gravity system's mineral recovery on
material
obtained in the Company's 107-ton bulk sample, which was completed
in
August 2012. The first testing of the
pilot gravity recovery plant's
process provided anticipated results that free gold could be
separated
but gold attached to gangue material could not be easily
recovered.
Additional testing had determined that substantial size reduction
would
be required to liberate additional gold and minerals from
unwanted
gangue.
KRC embarked on an innovative method to achieve required size
reduction
without grinding to liberate gold and sulphides from the gangue
materials. As material size is reduced, recovery percentages
have
increased.
Atlanta Gold's President and CEO Wm. Ernest
Simmons said, "The Knife
River Corporation's proprietary technical application that
markedly
reduces the feed grain size to the gravity recovery process is
a
significant step to advancing the Atlanta gold-silver project and could
lead to a low cost gravity recovery system in the near future. Our
next
larger bulk sample will provide the data needed to define the
final
production flowsheet."
"The objective for a 100:1 ratio of feed to concentrate with
acceptable
recovery rates is becoming a reality," added Mr. Simmons, "and
the
metallurgical testing of the gravity recovery process will
continue."
Detailed analysis of all samples required for a metallurgical
balance
of tested recoveries in future tests will be performed by a
certified
NI43-101 compliant laboratory.
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 kilometres) 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 a low cost gravity recovery
system,
additional metallurgical testing and an additional bulk sample.
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 and AGC's limited financial resources and their 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.
To receive Company news via email, contact bren@chfir.com and
mention "Atlanta Gold News" in the subject line.
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.