Atlanta Gold - sehr interessant - 500 Beiträge pro Seite
eröffnet am 04.03.08 16:31:52 von
neuester Beitrag 28.05.08 20:15:39 von
neuester Beitrag 28.05.08 20:15:39 von
Beiträge: 17
ID: 1.139.174
ID: 1.139.174
Aufrufe heute: 0
Gesamt: 4.402
Gesamt: 4.402
Aktive User: 0
ISIN: CA04789U2011 · WKN: A14V3X
0,0114
EUR
0,00 %
0,0000 EUR
Letzter Kurs 07.05.19 Frankfurt
Werte aus der Branche Rohstoffe
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 2,5250 | +12,22 | |
| 0,8947 | +11,85 | |
| 1,4400 | +11,20 | |
| 205,00 | +10,81 | |
| 1,5690 | +10,26 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 183,20 | -19,30 | |
| 0,7500 | -21,05 | |
| 1,1367 | -22,67 | |
| 12,000 | -25,00 | |
| 8,3600 | -39,81 |
Feedback
Atlanta Gold ist sehr interessant, vor allem auch in Hinblick auf die Entwicklung im Rohstoffbereich. Hohes Potential und eine starke Hebelwirkung sollten sich hier in den nächsten Wochen / Monaten möglich sein.
Ja, die ist so interessant wie ein Stück Brot. 
Schon mal einen Blick auf die kurstechnische Entwicklung gemacht?!
Ja, die paar Stück hat einer gekauft und weiß nicht mehr, wie er da rauskommt.
Es geht hier nicht um ein Überreden etc. sondern um fundamentale, charttechnische Fakten. Die nächsten Wochen und Monate werden die Entwicklung zeigen.
Trading Spotlight
Hat in den letzten 3 Monaten schon + 75,91% gemacht, bei einer Spitze von + 135,1%. Der mustergültige Chartverlauf plus MACD, Relative Stärke werden in den nächsten 3 Monaten wieder zur Basis zwischen 0,48 und 0,50 aufschließen können.
Antwort auf Beitrag Nr.: 33.553.182 von markh8 am 05.03.08 09:20:26Genau so ist es.Heute gehts los.
Und die Diamanten nicht vergessen.
Endlich läuft die Karre-ohne "Herrman"
"Festhalten"
Und die Diamanten nicht vergessen.
Endlich läuft die Karre-ohne "Herrman"
"Festhalten"
Ja, ordentlich was los!! 
Antwort auf Beitrag Nr.: 33.857.393 von markh8 am 10.04.08 14:40:00Wenn man sich nun auch die Chart-Daten wie MACD / Relative Stärke etc. anschaut, dann zeigt das auch ganz klar stark nach oben.
Freu mich schon auf die nächsten Wochen & Monate.
Freu mich schon auf die nächsten Wochen & Monate.
Ja großer Guru, aber jetzt wäre doch auch langsam mal der Moment gekommen auf deinen Versuch vom 10.01.2007 zu verweisen dieses Super-Unternehmen unter seinem vorherigen Namen Twin Mining zu pushen...
Den seit Jahren vor sich hindümpelnden und inzwischen zum zweiten Mal umbenannten/zurückbenannten Laden als "noch Insider-Tipp" mit einer Aussicht auf "200-350%" Gewinn anzupreisen war schon damals - vorsichtig ausgedrückt - eine Frechheit !!! http://img.wallstreet-online.de/smilies/eek.gif
Aber jetzt noch die Stirn zu haben den gleichen Mist noch mal zu versuchen ist schon irgendwie dreist - getreu dem Motto: Es stehen jeden Tag genügend Dumme auf, man muß Sie nur finden...
[wer sich´s antun will findet auch den alten thread unter dem synonym des m.]
In diesem Sinne
Den seit Jahren vor sich hindümpelnden und inzwischen zum zweiten Mal umbenannten/zurückbenannten Laden als "noch Insider-Tipp" mit einer Aussicht auf "200-350%" Gewinn anzupreisen war schon damals - vorsichtig ausgedrückt - eine Frechheit !!! http://img.wallstreet-online.de/smilies/eek.gif
Aber jetzt noch die Stirn zu haben den gleichen Mist noch mal zu versuchen ist schon irgendwie dreist - getreu dem Motto: Es stehen jeden Tag genügend Dumme auf, man muß Sie nur finden...
[wer sich´s antun will findet auch den alten thread unter dem synonym des m.]
In diesem Sinne
Atlanta Gold Inc. completes MSHA training and prepares for underground work and surface exploration at its Atlanta property in Idaho
TORONTO, April 22 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announces that it
has completed MSHA (Mine Safety and Health Administration) training for all
employees and some prospective employees who will be working at the Company's
Atlanta gold project in Idaho. This training has been completed in
anticipation of the early start up of work to establish a mining operation at
the Atlanta property. Work expected to commence shortly includes the
following:
<<
- Surface diamond drilling
- Stripping of the Shear structure on surface to enable detailed
sampling
- Establishing a portal on the east end of the Monarch structure to
facilitate driving of a development adit parallel to the Shear to
enable sampling of the structure and prepare for mining
>>
To supplement our in house team, several mining contractors have been
contacted to submit bids for this underground work.
Mining in the United States is regulated under a comprehensive federal
safety law (Federal Mine Safety and Health Act) that is administered by the
Department of Labor's Mine Safety and Health Administration (MSHA). Currently
under federal law, and enforced by MSHA, each U.S. miner must have an approved
worker training program in health and safety, including at least 40 hours of
basic safety training for new underground miners with no experience; 24 hours
of training for new miners at surface mines with no experience; plus an
additional eight hours of refresher training annually for all miners.
In historic mining operations conducted by previous operators at Atlanta,
selective high-grade mining concentrated on extraction of ore from high grade
sections at gold prices of US$20-$35 per ounce using cut-off grades of 0.5
(15.6 grams) up to and including 1935 and 0.4 ounces (12.4 grams) per ton
thereafter. Consequently, most of the resources along the Atlanta Shear were
not mined and remain in situ.
As soon as weather permits, the Company will collar a new portal at the
east end of the patented property and drive a 10 feet by 14 feet by
1,000-1,200 foot decline starting between 6,700 to 6,800 feet above sea level
(approximately 700 vertical feet above the 900 Adit). The objective of the
footwall decline is to gain access for subsequent excavation of drill stations
at 200 foot intervals to determine continuity of ore reserves at depth
Crosscuts from the decline will allow us to test the structure for mineability
at chosen intervals.
As planned and scheduled, in May 2008 the Company will begin to remove
potential placer material from the surface within the previously-proposed
Monarch pit design. This material, if determined to be ore grade, will be
treated as a placer deposit. The Shear zone under the placer is approximately
100 feet wide by 2,000 feet long and the excavated unconsolidated material is
expected to be approximately 20,000 cubic yards. This will be followed by a
4,000-6,000 foot core drilling program within the parameters of the shallow
pit and small-pit benching to examine the shallow surface structure and access
the higher grade portions of the reserves in the previously-proposed Monarch
pit design.
http://www.worldofinvestment.com/forum/Atlanta_Gold_Inc_/A0M…
About the Company
Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary,
Atlanta Gold Corporation, a 100% interest in the Atlanta property which
comprises approximately 2,081 acres and is located 65 miles 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 and on acquiring, exploring and developing other
attractive gold projects.
Forward-Looking Information
This news release contains forward-looking information and
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", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate" and similar terminology to identify
forward looking information and statements. 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. Forward
looking information and 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 information
and 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 speculative nature of mineral
exploration, development and mining (including with respect to size, grade and
recoverability of mineral reserves and resources); operational and technical
difficulties; risks and hazards associated with the business of mineral
exploration, development and mining, including environmental hazards;
government action or delays in the receipt of governmental approvals, permits
and licenses; changes in resource prices and fluctuations in currency exchange
rates; the Company's limited financial resources and the availability of
financing alternatives; contests to the title of Company property and changes
in general economic conditions or conditions in the financial markets; as well
as other risks and uncertainties which are more fully described in the
Company's annual Form 20-F, 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.
Readers are cautioned that the foregoing lists of risks, uncertainties
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 information or
statements contained herein or in any other documents filed with Canadian and
U.S. securities regulatory authorities, whether as a result of new
information, future events or otherwise, except in accordance with applicable
securities laws.
TORONTO, April 22 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announces that it
has completed MSHA (Mine Safety and Health Administration) training for all
employees and some prospective employees who will be working at the Company's
Atlanta gold project in Idaho. This training has been completed in
anticipation of the early start up of work to establish a mining operation at
the Atlanta property. Work expected to commence shortly includes the
following:
<<
- Surface diamond drilling
- Stripping of the Shear structure on surface to enable detailed
sampling
- Establishing a portal on the east end of the Monarch structure to
facilitate driving of a development adit parallel to the Shear to
enable sampling of the structure and prepare for mining
>>
To supplement our in house team, several mining contractors have been
contacted to submit bids for this underground work.
Mining in the United States is regulated under a comprehensive federal
safety law (Federal Mine Safety and Health Act) that is administered by the
Department of Labor's Mine Safety and Health Administration (MSHA). Currently
under federal law, and enforced by MSHA, each U.S. miner must have an approved
worker training program in health and safety, including at least 40 hours of
basic safety training for new underground miners with no experience; 24 hours
of training for new miners at surface mines with no experience; plus an
additional eight hours of refresher training annually for all miners.
In historic mining operations conducted by previous operators at Atlanta,
selective high-grade mining concentrated on extraction of ore from high grade
sections at gold prices of US$20-$35 per ounce using cut-off grades of 0.5
(15.6 grams) up to and including 1935 and 0.4 ounces (12.4 grams) per ton
thereafter. Consequently, most of the resources along the Atlanta Shear were
not mined and remain in situ.
As soon as weather permits, the Company will collar a new portal at the
east end of the patented property and drive a 10 feet by 14 feet by
1,000-1,200 foot decline starting between 6,700 to 6,800 feet above sea level
(approximately 700 vertical feet above the 900 Adit). The objective of the
footwall decline is to gain access for subsequent excavation of drill stations
at 200 foot intervals to determine continuity of ore reserves at depth
Crosscuts from the decline will allow us to test the structure for mineability
at chosen intervals.
As planned and scheduled, in May 2008 the Company will begin to remove
potential placer material from the surface within the previously-proposed
Monarch pit design. This material, if determined to be ore grade, will be
treated as a placer deposit. The Shear zone under the placer is approximately
100 feet wide by 2,000 feet long and the excavated unconsolidated material is
expected to be approximately 20,000 cubic yards. This will be followed by a
4,000-6,000 foot core drilling program within the parameters of the shallow
pit and small-pit benching to examine the shallow surface structure and access
the higher grade portions of the reserves in the previously-proposed Monarch
pit design.
http://www.worldofinvestment.com/forum/Atlanta_Gold_Inc_/A0M…
About the Company
Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary,
Atlanta Gold Corporation, a 100% interest in the Atlanta property which
comprises approximately 2,081 acres and is located 65 miles 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 and on acquiring, exploring and developing other
attractive gold projects.
Forward-Looking Information
This news release contains forward-looking information and
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", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate" and similar terminology to identify
forward looking information and statements. 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. Forward
looking information and 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 information
and 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 speculative nature of mineral
exploration, development and mining (including with respect to size, grade and
recoverability of mineral reserves and resources); operational and technical
difficulties; risks and hazards associated with the business of mineral
exploration, development and mining, including environmental hazards;
government action or delays in the receipt of governmental approvals, permits
and licenses; changes in resource prices and fluctuations in currency exchange
rates; the Company's limited financial resources and the availability of
financing alternatives; contests to the title of Company property and changes
in general economic conditions or conditions in the financial markets; as well
as other risks and uncertainties which are more fully described in the
Company's annual Form 20-F, 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.
Readers are cautioned that the foregoing lists of risks, uncertainties
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 information or
statements contained herein or in any other documents filed with Canadian and
U.S. securities regulatory authorities, whether as a result of new
information, future events or otherwise, except in accordance with applicable
securities laws.
Atlanta Gold Inc. announces further results from 2007 surface drilling at its Atlanta property in Idaho
TORONTO, April 1 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announces results
from the most recent thirteen drill holes in its 2007 core and reverse
circulation drilling program at its Atlanta property ("Atlanta") in Elmore
County, Idaho. The exploration program primarily tested areas outside the
current Idaho and Monarch open-pit designs; however, two of the thirteen holes
were drilled to explore extensions of lateral veins northwest and southeast of
the Atlanta Shear, nine were drilled as infill holes in the East Extension
Zone and the remaining two were drilled in the east end of the Monarch pit
design to confirm previous drill results. Selected assay data and surveyed
parameters or plan coordinates for the most recent thirteen holes received
since the Company's news release of November 13, 2007 are provided in the
tables on pages 4 and 5. As disclosed in a news release of January 18, 2008,
the Company has changed the strategic focus of its Atlanta Gold project from
bulk mining, cyanide heap leaching, to a combined shallow open-pit and an
underground operation with an on-site milling facility with no cyanide
circuit, producing both a gravity concentrate and a precious metal rich
sulphide concentrate to be custom smelted.
Two exploration holes, D07047W012 and R07293W012, on the lateral veins
intersected approximately 13 feet (4 meters) each averaging 0.058 opt
(1.8 gpt) and 0.039 opt (1.2 gpt) Au, respectively. These grades are
comparable to other drill intercepts of lateral veins away from the Shear. The
holes are significant in that they confirm that the veins extend a significant
distance from the Shear. Elsewhere on the Atlanta property (splays off the
Shear Zone), there are numerous target areas which supported historic
underground mining operations. There has only been limited exploration of
those targets using modern exploration methods.
Drilling of the East Extension Zone, which is immediately east of the
Monarch pit design, was planned in early 2007 to evaluate the potential for a
near-surface expansion of that pit design and drill results were expected to
yield grades that would be potentially open-pit mineable and suitable for
heap-leach processing. In summary, the grades in these nine holes drilled in
the East Extension Zone range from 0.018 opt (0.55 gpt) to 0.283 opt (8.8 gpt)
Au over widths ranging from 6.6 feet (2.0 meters) to 55.8 feet (17.0 meters).
These results increase the potential of expanding the East Extension Zone.
Four significant assays in this near-surface zone may indicate the
presence of a high-grade vein within the Atlanta Shear or in a splay vein
(lateral vein) off the Shear.
<<
-------------------------------------------------------------------------
True True Assay
Hole From To Width Width* Assay Width* (gpt
Identification (Feet) (Feet) (Feet) (Feet) (opt Au) (Meters) Au)
-------------------------------------------------------------------------
D0701W013 (1) 103.5 142.0 38.5 28.9 0.190 8.8 6.514
-------------------------------------------------------------------------
R0712E008 (2) 75.0 100.0 25.0 18.8 0.256 5.7 8.777
-------------------------------------------------------------------------
R0720E014 (3) 295.0 340.0 45.0 31.5 0.220 9.6 7.543
-------------------------------------------------------------------------
R0721E015 (4) 330.0 365.0 35.0 24.5 0.163 7.5 5.589
-------------------------------------------------------------------------
* True widths are estimates based on current available data and may be
subject to change.
(1) Includes 3.0 feet of 0.762 opt Au (26.13 gpt Au)
(2) Includes 5.0 feet of 1.115 opt Au (38.23 gpt Au)
(3) Includes 5.0 feet of 1.086 opt Au (37.23 gpt Au)
(4) Includes 5.0 feet of 0.547 opt Au (18.75 gpt Au)
>>
http://www.worldofinvestment.com/forum/Atlanta_Gold_Inc_/A0M…
The East Extension Zone has a strike length of approximately 1,608 feet
(490 meters) from the east wall of the Monarch pit design to the bounding
fault at its eastern end. It is open at depth and may require additional
infill surface drilling. While some assays from the 2007 drill program are
still pending, data received to date indicate an expansion of the Monarch pit
design eastward is likely. Mine design engineering to quantify this resource
will be undertaken in 2008.
Two confirmation holes, D0701W013 and D0706W015, in the east end of the
Monarch pit design intersected intervals and gold grades comparable with
nearby holes.
A table showing the 2007 surface drilling results to date as well as
additional information on Atlanta is available on the Company's website at
http://www.atgoldinc.com
Quality Control and Assurance
Drill samples were handled and assayed in accordance with NI 43-101
standards. Assaying was done by Chris Christopherson, Inc., an Umpire
laboratory for major mining companies, which is based in Kellogg, Idaho, and
American Assay Laboratories, Inc. ("AAL"), in Sparks, Nevada. AAL is a well
known international lab that has operated in Nevada for more than 20 years.
Samples were 30-gram fire assays of whole NQ-sized core (1 7/8 inches in
diameter), and reverse circulation cuttings.
Qualified Person
The Atlanta drill program was managed and supervised by William L. (Bill)
Josey, the Company's Chief Geologist and designated "Qualified Person" under
NI 43-101. Mr. Josey is a registered professional geologist in the State of
Arizona. Information of a technical nature in this news release regarding
Atlanta has been reviewed by Mr. Josey.
About the Company
Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary,
Atlanta Gold Corporation, a 100% interest in the Atlanta property which
comprises approximately 2,081 acres and is located 65 miles 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 and on acquiring, exploring and developing other
attractive gold projects.
Forward-Looking Information
This news release contains forward-looking information and
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", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate" and similar terminology to identify
forward looking information and statements. 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. Forward
looking information and 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 information
and 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 speculative nature of mineral
exploration, development and mining (including with respect to size, grade and
recoverability of mineral reserves and resources); operational and technical
difficulties; risks and hazards associated with the business of mineral
exploration, development and mining, including environmental hazards;
government action or delays in the receipt of governmental approvals, permits
and licenses; changes in resource prices and fluctuations in currency exchange
rates; the Company's limited financial resources and the availability of
financing alternatives; contests to the title of Company property and changes
in general economic conditions or conditions in the financial markets; as well
as other risks and uncertainties which are more fully described in the
Company's annual Form 20-F, 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.
Readers are cautioned that the foregoing lists of risks, uncertainties
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 information or
statements contained herein or in any other documents filed with Canadian and
U.S. securities regulatory authorities, whether as a result of new
information, future events or otherwise, except in accordance with applicable
securities laws.
<<
-------------------------------------------------------------------------
2007 Surface Drilling Program - Table of Selected Assay Data
For the most recent thirteen drill holes as of April 1, 2008
Atlanta Gold Property
-------------------------------------------------------------------------
True Assay True Assay
Hole From To Width Width (opt Width (gpt
Identification (Feet) (Feet) (Feet) (Feet)* Au) (Meters)* Au)
-------------------------------------------------------------------------
D0701W013 103.5 142.0 38.5 28.9 0.190 8.81 6.514
-------------------------------------------------------
152.0 154.5 2.5 1.9 0.022 0.58 0.754
-------------------------------------------------------------------------
D07047W012 73.0 91.0 18.0 13.5 0.052 4.11 1.783
-------------------------------------------------------------------------
D0706W015 138.0 163.0 25.0 18.8 0.114 5.73 3.909
-------------------------------------------------------
228.0 263.5 35.5 26.6 0.070 8.11 2.400
-------------------------------------------------------------------------
R0708E005 25.0 50.0 25.0 18.8 0.050 5.73 1.714
-------------------------------------------------------------------------
R0708E006 95.0 105.0 10.0 7.0 0.018 2.13 0.617
-------------------------------------------------------
115.0 145.0 30.0 21.0 0.136 6.40 4.663
-------------------------------------------------------------------------
R07105E003 15.0 25.0 10.0 7.5 0.016 2.29 0.549
-------------------------------------------------------
80.0 90.0 10.0 7.5 0.023 2.29 0.771
-------------------------------------------------------------------------
R0712E008 30.0 55.0 25.0 18.8 0.048 5.73 1.646
-------------------------------------------------------
75.0 100.0 25.0 18.8 0.256 5.73 8.777
-------------------------------------------------------------------------
R0713E007 155.0 165.0 10.0 6.6 0.018 2.01 0.617
-------------------------------------------------------
180.0 190.0 10.0 6.6 0.041 2.01 1.406
-------------------------------------------------------------------------
R0714E017 75.0 95.0 20.0 14.0 0.032 4.27 1.097
-------------------------------------------------------------------------
R0720E014 (5) 80.0 90.0 10.0 7.0 0.063 2.13 2.143
-------------------------------------------------------
295.0 340.0 45.0 31.5 0.220 9.60 7.543
-------------------------------------------------------
340.0 420.0 80.0 56.0 0.038 17.07 1.303
-------------------------------------------------------------------------
R0721E015 295.0 305.0 10.0 7.0 0.043 2.13 1.474
-------------------------------------------------------
330.0 365.0 35.0 24.5 0.163 7.47 5.589
-------------------------------------------------------
390.0 400.0 10.0 7.0 0.091 2.13 3.120
-------------------------------------------------------------------------
R07255E002 140.0 195.0 55.0 41.3 0.017 12.59 0.583
-------------------------------------------------------
240.0 250.0 10.0 7.5 0.017 2.29 0.583
-------------------------------------------------------------------------
R07293W012 125.0 145.0 20.0 14.0 0.036 4.27 1.234
-------------------------------------------------------------------------
* True widths are estimates based on current available data and may be
subject to change.
(5) There is suspected down hole contamination in the 340.0-420.0
interval from high grade in the up hole interval 295.0 to 340.0.
-------------------------------------------------------------------------
2007 Surface Drilling Program - Table of Surveyed Parameters
or Plan Coordinates
For the most recent thirteen drill holes
as of April 1, 2008
Atlanta Gold Property
-------------------------------------------------------------------------
Mine Mine
Total Grid Grid Elevation Incline/
Hole Depth North* East* ASL Azimuth Dip
Identification (Feet) (Feet) (Feet) (Feet) (Degrees) (Degrees)
-------------------------------------------------------------------------
D0701W013(xx) 200 75.00 100.00 7,170.00 150 -45
-------------------------------------------------------------------------
D07047W012(xx) 253 450.00 -470.00 6,980.00 045 -45
-------------------------------------------------------------------------
D0706W015(xx) 278 320.00 -585.00 6,975.00 150 -52
-------------------------------------------------------------------------
R0708E005 150 -17.18 803.17 7,089.60 150 -45
-------------------------------------------------------------------------
R0708E006 235 75.73 801.68 7,083.23 150 -49
-------------------------------------------------------------------------
R07105E003 200 50.38 1,048.09 7,024.35 150 -45
-------------------------------------------------------------------------
R0712E008 140 44.85 1,194.52 6,971.60 150 -45
-------------------------------------------------------------------------
R0713E007 300 207.09 1,295.15 6,920.60 150 -60
-------------------------------------------------------------------------
R0714E017(xx) 200 100.00 1,400.00 6,880.00 150 -50
-------------------------------------------------------------------------
R0720E014(xx) 450 450.00 2,000.00 6,550.00 150 -50
-------------------------------------------------------------------------
R0721E015(xx) 400 400.00 2,100.00 6,535.00 150 -50
-------------------------------------------------------------------------
R07255E002 340 159.16 2,488.12 6,489.81 330 -44
-------------------------------------------------------------------------
R07293W012(xx) 275 -1,175.00 -2,930.00 6,920.00 195 -50
-------------------------------------------------------------------------
* Northing and Easting coordinates in feet are based on a local Mine
Grid.
(xx) Plan Coordinates - collars not surveyed
TORONTO, April 1 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announces results
from the most recent thirteen drill holes in its 2007 core and reverse
circulation drilling program at its Atlanta property ("Atlanta") in Elmore
County, Idaho. The exploration program primarily tested areas outside the
current Idaho and Monarch open-pit designs; however, two of the thirteen holes
were drilled to explore extensions of lateral veins northwest and southeast of
the Atlanta Shear, nine were drilled as infill holes in the East Extension
Zone and the remaining two were drilled in the east end of the Monarch pit
design to confirm previous drill results. Selected assay data and surveyed
parameters or plan coordinates for the most recent thirteen holes received
since the Company's news release of November 13, 2007 are provided in the
tables on pages 4 and 5. As disclosed in a news release of January 18, 2008,
the Company has changed the strategic focus of its Atlanta Gold project from
bulk mining, cyanide heap leaching, to a combined shallow open-pit and an
underground operation with an on-site milling facility with no cyanide
circuit, producing both a gravity concentrate and a precious metal rich
sulphide concentrate to be custom smelted.
Two exploration holes, D07047W012 and R07293W012, on the lateral veins
intersected approximately 13 feet (4 meters) each averaging 0.058 opt
(1.8 gpt) and 0.039 opt (1.2 gpt) Au, respectively. These grades are
comparable to other drill intercepts of lateral veins away from the Shear. The
holes are significant in that they confirm that the veins extend a significant
distance from the Shear. Elsewhere on the Atlanta property (splays off the
Shear Zone), there are numerous target areas which supported historic
underground mining operations. There has only been limited exploration of
those targets using modern exploration methods.
Drilling of the East Extension Zone, which is immediately east of the
Monarch pit design, was planned in early 2007 to evaluate the potential for a
near-surface expansion of that pit design and drill results were expected to
yield grades that would be potentially open-pit mineable and suitable for
heap-leach processing. In summary, the grades in these nine holes drilled in
the East Extension Zone range from 0.018 opt (0.55 gpt) to 0.283 opt (8.8 gpt)
Au over widths ranging from 6.6 feet (2.0 meters) to 55.8 feet (17.0 meters).
These results increase the potential of expanding the East Extension Zone.
Four significant assays in this near-surface zone may indicate the
presence of a high-grade vein within the Atlanta Shear or in a splay vein
(lateral vein) off the Shear.
<<
-------------------------------------------------------------------------
True True Assay
Hole From To Width Width* Assay Width* (gpt
Identification (Feet) (Feet) (Feet) (Feet) (opt Au) (Meters) Au)
-------------------------------------------------------------------------
D0701W013 (1) 103.5 142.0 38.5 28.9 0.190 8.8 6.514
-------------------------------------------------------------------------
R0712E008 (2) 75.0 100.0 25.0 18.8 0.256 5.7 8.777
-------------------------------------------------------------------------
R0720E014 (3) 295.0 340.0 45.0 31.5 0.220 9.6 7.543
-------------------------------------------------------------------------
R0721E015 (4) 330.0 365.0 35.0 24.5 0.163 7.5 5.589
-------------------------------------------------------------------------
* True widths are estimates based on current available data and may be
subject to change.
(1) Includes 3.0 feet of 0.762 opt Au (26.13 gpt Au)
(2) Includes 5.0 feet of 1.115 opt Au (38.23 gpt Au)
(3) Includes 5.0 feet of 1.086 opt Au (37.23 gpt Au)
(4) Includes 5.0 feet of 0.547 opt Au (18.75 gpt Au)
>>
http://www.worldofinvestment.com/forum/Atlanta_Gold_Inc_/A0M…
The East Extension Zone has a strike length of approximately 1,608 feet
(490 meters) from the east wall of the Monarch pit design to the bounding
fault at its eastern end. It is open at depth and may require additional
infill surface drilling. While some assays from the 2007 drill program are
still pending, data received to date indicate an expansion of the Monarch pit
design eastward is likely. Mine design engineering to quantify this resource
will be undertaken in 2008.
Two confirmation holes, D0701W013 and D0706W015, in the east end of the
Monarch pit design intersected intervals and gold grades comparable with
nearby holes.
A table showing the 2007 surface drilling results to date as well as
additional information on Atlanta is available on the Company's website at
http://www.atgoldinc.com
Quality Control and Assurance
Drill samples were handled and assayed in accordance with NI 43-101
standards. Assaying was done by Chris Christopherson, Inc., an Umpire
laboratory for major mining companies, which is based in Kellogg, Idaho, and
American Assay Laboratories, Inc. ("AAL"), in Sparks, Nevada. AAL is a well
known international lab that has operated in Nevada for more than 20 years.
Samples were 30-gram fire assays of whole NQ-sized core (1 7/8 inches in
diameter), and reverse circulation cuttings.
Qualified Person
The Atlanta drill program was managed and supervised by William L. (Bill)
Josey, the Company's Chief Geologist and designated "Qualified Person" under
NI 43-101. Mr. Josey is a registered professional geologist in the State of
Arizona. Information of a technical nature in this news release regarding
Atlanta has been reviewed by Mr. Josey.
About the Company
Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary,
Atlanta Gold Corporation, a 100% interest in the Atlanta property which
comprises approximately 2,081 acres and is located 65 miles 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 and on acquiring, exploring and developing other
attractive gold projects.
Forward-Looking Information
This news release contains forward-looking information and
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", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate" and similar terminology to identify
forward looking information and statements. 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. Forward
looking information and 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 information
and 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 speculative nature of mineral
exploration, development and mining (including with respect to size, grade and
recoverability of mineral reserves and resources); operational and technical
difficulties; risks and hazards associated with the business of mineral
exploration, development and mining, including environmental hazards;
government action or delays in the receipt of governmental approvals, permits
and licenses; changes in resource prices and fluctuations in currency exchange
rates; the Company's limited financial resources and the availability of
financing alternatives; contests to the title of Company property and changes
in general economic conditions or conditions in the financial markets; as well
as other risks and uncertainties which are more fully described in the
Company's annual Form 20-F, 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.
Readers are cautioned that the foregoing lists of risks, uncertainties
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 information or
statements contained herein or in any other documents filed with Canadian and
U.S. securities regulatory authorities, whether as a result of new
information, future events or otherwise, except in accordance with applicable
securities laws.
<<
-------------------------------------------------------------------------
2007 Surface Drilling Program - Table of Selected Assay Data
For the most recent thirteen drill holes as of April 1, 2008
Atlanta Gold Property
-------------------------------------------------------------------------
True Assay True Assay
Hole From To Width Width (opt Width (gpt
Identification (Feet) (Feet) (Feet) (Feet)* Au) (Meters)* Au)
-------------------------------------------------------------------------
D0701W013 103.5 142.0 38.5 28.9 0.190 8.81 6.514
-------------------------------------------------------
152.0 154.5 2.5 1.9 0.022 0.58 0.754
-------------------------------------------------------------------------
D07047W012 73.0 91.0 18.0 13.5 0.052 4.11 1.783
-------------------------------------------------------------------------
D0706W015 138.0 163.0 25.0 18.8 0.114 5.73 3.909
-------------------------------------------------------
228.0 263.5 35.5 26.6 0.070 8.11 2.400
-------------------------------------------------------------------------
R0708E005 25.0 50.0 25.0 18.8 0.050 5.73 1.714
-------------------------------------------------------------------------
R0708E006 95.0 105.0 10.0 7.0 0.018 2.13 0.617
-------------------------------------------------------
115.0 145.0 30.0 21.0 0.136 6.40 4.663
-------------------------------------------------------------------------
R07105E003 15.0 25.0 10.0 7.5 0.016 2.29 0.549
-------------------------------------------------------
80.0 90.0 10.0 7.5 0.023 2.29 0.771
-------------------------------------------------------------------------
R0712E008 30.0 55.0 25.0 18.8 0.048 5.73 1.646
-------------------------------------------------------
75.0 100.0 25.0 18.8 0.256 5.73 8.777
-------------------------------------------------------------------------
R0713E007 155.0 165.0 10.0 6.6 0.018 2.01 0.617
-------------------------------------------------------
180.0 190.0 10.0 6.6 0.041 2.01 1.406
-------------------------------------------------------------------------
R0714E017 75.0 95.0 20.0 14.0 0.032 4.27 1.097
-------------------------------------------------------------------------
R0720E014 (5) 80.0 90.0 10.0 7.0 0.063 2.13 2.143
-------------------------------------------------------
295.0 340.0 45.0 31.5 0.220 9.60 7.543
-------------------------------------------------------
340.0 420.0 80.0 56.0 0.038 17.07 1.303
-------------------------------------------------------------------------
R0721E015 295.0 305.0 10.0 7.0 0.043 2.13 1.474
-------------------------------------------------------
330.0 365.0 35.0 24.5 0.163 7.47 5.589
-------------------------------------------------------
390.0 400.0 10.0 7.0 0.091 2.13 3.120
-------------------------------------------------------------------------
R07255E002 140.0 195.0 55.0 41.3 0.017 12.59 0.583
-------------------------------------------------------
240.0 250.0 10.0 7.5 0.017 2.29 0.583
-------------------------------------------------------------------------
R07293W012 125.0 145.0 20.0 14.0 0.036 4.27 1.234
-------------------------------------------------------------------------
* True widths are estimates based on current available data and may be
subject to change.
(5) There is suspected down hole contamination in the 340.0-420.0
interval from high grade in the up hole interval 295.0 to 340.0.
-------------------------------------------------------------------------
2007 Surface Drilling Program - Table of Surveyed Parameters
or Plan Coordinates
For the most recent thirteen drill holes
as of April 1, 2008
Atlanta Gold Property
-------------------------------------------------------------------------
Mine Mine
Total Grid Grid Elevation Incline/
Hole Depth North* East* ASL Azimuth Dip
Identification (Feet) (Feet) (Feet) (Feet) (Degrees) (Degrees)
-------------------------------------------------------------------------
D0701W013(xx) 200 75.00 100.00 7,170.00 150 -45
-------------------------------------------------------------------------
D07047W012(xx) 253 450.00 -470.00 6,980.00 045 -45
-------------------------------------------------------------------------
D0706W015(xx) 278 320.00 -585.00 6,975.00 150 -52
-------------------------------------------------------------------------
R0708E005 150 -17.18 803.17 7,089.60 150 -45
-------------------------------------------------------------------------
R0708E006 235 75.73 801.68 7,083.23 150 -49
-------------------------------------------------------------------------
R07105E003 200 50.38 1,048.09 7,024.35 150 -45
-------------------------------------------------------------------------
R0712E008 140 44.85 1,194.52 6,971.60 150 -45
-------------------------------------------------------------------------
R0713E007 300 207.09 1,295.15 6,920.60 150 -60
-------------------------------------------------------------------------
R0714E017(xx) 200 100.00 1,400.00 6,880.00 150 -50
-------------------------------------------------------------------------
R0720E014(xx) 450 450.00 2,000.00 6,550.00 150 -50
-------------------------------------------------------------------------
R0721E015(xx) 400 400.00 2,100.00 6,535.00 150 -50
-------------------------------------------------------------------------
R07255E002 340 159.16 2,488.12 6,489.81 330 -44
-------------------------------------------------------------------------
R07293W012(xx) 275 -1,175.00 -2,930.00 6,920.00 195 -50
-------------------------------------------------------------------------
* Northing and Easting coordinates in feet are based on a local Mine
Grid.
(xx) Plan Coordinates - collars not surveyed
tlanta Gold, Idaho Click to Print This Page
Overview – November 12, 2007
In this day and age, when much of the globe has been well explored for gold and silver, the opportunity to participate in a new and promising regional exploration play at an early stage represents an enticing prospect. Major mining companies have been struggling to replace reserves and this partially accounts for the rise in gold and silver prices in the past year or so. We appear to be in a generational bull market for mineral commodities, with prices for gold and silver at levels not seen in decades. Investment in gold and silver exploration and development is now an attractive value proposition. This bodes well for Company shareholders, and should result in some exciting investment opportunities in the coming period as the Company’s Atlanta gold property (“Atlanta” in Elmore County, Idaho moves forward toward production.
2007 Technical Report
To independently verify the impacts of higher gold and silver prices on the open-pit mineable reserves at Atlanta and the corresponding increase in the value of Atlanta, mine engineering and geological consultants were contracted by the Company to prepare a NI 43-101compliant Technical Report (the “2007 Technical Report” which was completed at the end of the second quarter of 2007. The 2007 Technical Report provided the following reserve and resource estimates for Atlanta: reserves of 747,000 ounces of open-pit heap-leach recoverable gold with a weighted average grade of 0.05 ounces of gold per ton, resources (measured and indicated) of 1,468,000 ounces of gold at a cut-off grade of 0.02 ounces of gold per ton and potential additional resources of 635,000 ounces of gold in the inferred category.
New open-pit designs were completed for the proposed Monarch and Idaho Pits, using gold and silver prices of US$550 and US$10 per ounce respectively. The 2007 open-pit designs will yield 747,000 ounces of saleable gold (equivalent) by cyanide heap leaching. This is an increase of 222,000 ounces over the previous 43-101 Report, which incorporated results of the 2005 Feasibility Study with gold and silver prices of US$350 and US$6 per ounce respectively.
Using open-pit and heap-leach technologies based on proposed open pit designs in the 2007 Technical Report, the projected gross revenue and net profit from Atlanta are US$411 million and US$173 million respectively. If the recent gold price of $750 is applied, the Atlanta 2007 open-pit designs will generate gross production revenue of approximately US$560 million.
The 2007 open pit designs are significantly larger than those contemplated in the 2005 Feasibility Study. Table 1 below highlights this important factor, at three gold prices. (Note: The “2007 Estimate” data using a gold price of US$750 per ounce is not based on a specific pit design and is only an estimate using the same modeling database which was used in the 2007 Technical Report to illustrate the expected increase in excavated tonnage and gross production revenue which would be realized at this gold price.)
TABLE 1
Impact of Gold Price on Expected Volume of Ore and Waste Rock and Gross Production Revenue for Proposed Open Pit-Heap-Leach Operation
Gold Price
Per Ounce
(US$)
Tons of Ore
Mined
Tons of
Waste Rock
Mined
Total Tons
(Ore + Waste
Rock)
Strip Ratio
Waste: Ore
Recoverable
Equivalent
Ounces of
of Gold
Gross
Production
Revenue
(US$MM)
2005 Feasibility Study
350
13,700,000
46,287,000
59,987,000
3.38:1
525,100
261
2007 Technical Report
550
23,196,000
67,399,000
90,595,000
2.91:1
747,200
411
2007 Estimate
750
27,000,000
71,000,000
98,000,000
2.63:1
800,000
560
2007 Surface Drilling Program and Proposed Underground Exploration Program
With the objective of further enhancing the value of Atlanta, the Company commenced a surface drilling program in the second quarter of 2007 aimed at increasing ore reserves along the Atlanta Shear Zone. This zone remains open along strike both east and west, and at depth below the current open pit designs.
While some assays from the 2007 surface drilling are still pending, data received to date indicates an expansion of the Monarch Pit eastward is likely. Mine design engineering to quantify this resource will be undertaken after drilling ceases for the winter shutdown. A table showing the 2007 surface drilling results to date for Atlanta is available on the Company's website under Properties – Atlanta Gold Table - 2007 Atlanta Surface Drilling Results to Date.
Strong potential exists for discovery of underground mineable zones beneath the Monarch Pit. Since 1985, most drill holes have been aimed at establishing open pit mineable reserves, to a depth of less than 700 feet. During the first and second quarter of 2007, as indicated in the 2006 Annual Report, the Company has evaluated the potential for deeper ore by compiling and interpreting the existing geologic and drilling data at Atlanta. The resulting database has been reviewed by number of consultants and potential investors. Included in this data are 47 deep holes drilled to depths of 701 – 1,891 feet, with assays up to 2.1 ounces of gold per ton. These deep holes demonstrate that gold mineralization continues at depth and there is the potential for both underground and open-pit mining. For the past six months Atlanta has been developing a new three-dimensional mine modeling database to further define future pits and possible drill targets. This identified potential drilling targets in a significant mineralized zone (New Target Zone #1) which is approximately 700 feet below the west end of the Monarch Pit.
An underground bulk sample for metallurgical test work is the next logical step in moving Atlanta forward into the pre-feasibility stage of development of an underground mining operation. The Company has designed an underground portal and all supporting infrastructure to proceed with underground test mining and bulk sampling. All facilities related to an underground exploration program are on private property for which surface and mineral rights are controlled by the Company. If the bulk sample results and the underground pre-feasibility study are positive, the decline could be used to achieve limited production from a test milling facility. By staying on private property, the transition from underground exploration to underground mining could be accomplished smoothly and without permitting delays.
Elsewhere on the Atlanta property (off the Shear Zone), there are numerous target areas which supported historic underground mining operations. There has only been limited exploration of those targets using modern exploration methods, and the Company believes that further exploration drilling is warranted in 2008.
The overall objective of the Company’s underground and surface exploration is to expand reserves at Atlanta to exceed one million ounces of recoverable gold. As the above discussion suggests, this objective appears to be achievable.
Environmental Permitting
In addition to obvious economic benefits, Table 1 illustrates that gold price increases from US$350 in 2005 to US$550 in 2006 and to US$750 per ounce in 2007 would cause significant increases in heap leach pad area for ore and in waste rock disposal area. Such an increase in pit dimensions would have significant implications for environmental planning and permitting efforts at Atlanta.
http://www.worldofinvestment.com/forum/Atlanta_Gold_Inc_/A0M…
The surface area implications of an increase in the gold price from US$350 to US$750 per ounce and implementation of either the pit design envisaged by the 2007 Technical Report or a design based on the 2007 Estimate would be as follows:
1. The surface area of the heap-leach pads would increase by 1.7 times in the US$550 (2007 Technical Report) case and would almost double in the US$750 (2007 Estimate) case. The Atlanta site is in rugged mountainous terrain, devoid of any flatlands. The availability of potential pad construction sites is very limited, and heap leach pads must be located on U.S. Forest Service land, as the private property owned by Atlanta Gold would be essentially consumed by the proposed open-pits.
1. The quantity of waste rock that must be mined from the larger pits would increase from 46 million in the US$550 (2007 Technical Report) case to 71 million tons in the US$750 (2007 Estimate) case. This exceeds the planned capacity of the Company-controlled Quartz Gulch canyon that had previously been proposed by the Company as the location for waste rock storage. New 2007 open-pit mine designs have included 2 or 3 new waste dumps on U.S .Forest Service land, to contain the greater tonnage of waste rock.
The Environmental Impact Statement (“EIS” permitting process in the United States requires that “reasonably foreseeable future impacts” must be evaluated along with the more immediate impacts of the basic project as proposed under price, cost and market conditions prevailing at the time of the EIS. Whereas larger open pits were previously only a possibility, at US$750 gold, they could now be the base case proposal which the environmental agencies must address.
A gold price of US$750 per ounce also increases the likelihood that a significant portion of the underground resources will become economic at the Atlanta site. For this reason, the potential impacts of an underground mine will be included in the permitting studies.
Economic, Environmental and Permitting Improvements
On September 27, 2007, the Company issued a news release describing engineering studies that were underway for a new ore processing plan for the Atlanta ore reserves. This new plan would combine heap leaching of lower grade ore from open-pit mining, with milling of higher grade ore from underground mining. The mill would also process high grade ore selectively mined from the open pits, which would result in higher recovery rates than those from the heap-leach operation.
The primary objective of all proposed revisions to development plans for Atlanta is to improve profitability while demonstrating to investors and the local community that gold mining at Atlanta will have a positive impact on the environment. Recovery from milling is expected to be 85-90%, far exceeding the predicted 64% from heap leaching and this will result in a significant increase in production revenue. Milling costs are estimated to be much less than the increase in production revenue.
More critically however, the parallel heap leach and milling plan offers significant opportunities for permitting of the overall Atlanta project for the following reasons.
a) Open pit tonnages (ore and waste) could be reduced if underground mining can economically remove ore from the lower 100-200 feet of what would otherwise be open pits.
b) A significant percentage of the sulphides that exist in the Atlanta Shear Zone ore could be removed from the heap leach feed, if the milling operation was to include a flotation circuit.
c) A large decrease in U.S. Forest Service land requirements could be achieved if on-off (load-unload-reload) leach pads were adopted. With on-off pads, the ore processing sequence is (1) loading ore on a pad, (2) cyanide leaching of the ore on the pad, (3) rinsing of the heaped ore to State-mandated specifications of purity, (4) unloading of the leached / rinsed ore to a designated disposal area, and finally (5) re-loading of the pad with fresh ore to renew the cycle of heap leaching using the same pad area.
d) Lower sulphide content in the heap leach feed improves the potential for using on-off (load-unload-reload) heap leach pads, minimizing the acreage of pads required.
e) On-off (load-unload-reload) heap leaching would increase the tons of material available for backfilling into the open pits, reducing the footprint of the project.
f) On-off (load-unload-reload) heap leaching would allow for greater application of concurrent reclamation, thus reducing visual impacts, surface area required and environmental bonds.
g) A longer-life project at Atlanta with greater socio-economic benefits would result if underground mining was to supplement the annual gold production expected from heap leaching.
h) Water requirements for ore processing can be reduced if milling is incorporated.
i) For the ore reserves processed by milling, no cyanide would be required. In addition, the removal of high-grade ore from the heap leach feed (and into the mill) would allow lower cyanide concentration and usage on the heaps.
Underground Program at Atlanta
Subject to the availability of financing, the planned exploration program in 2008 will help to identify the presence or absence of additional ore reserves and resources. The objectives of the underground exploration of the Atlanta deposit are to test the down-dip projection of ore shoots in the Atlanta Shear Zone. The drilling program will facilitate development of future mine plans and more comprehensive modeling of hydro-geological conditions and mineralization.
The Company expects to commence construction of a portal in Quartz Gulch, north of the Atlanta Shear in the fourth quarter of 2007. The exploration decline will be 10 feet wide and 13 feet high, declining at 15% along a 1,000-foot length. It will be driven south to cross the Atlanta Shear, with drill stations established along the decline. The initial drilling will probe the Shear zone to evaluate rock mechanics and to precisely locate high-grade zones within the Shear. Where the decline cuts across the Shear Zone, valuable bulk ore samples of varying grades and rock character will be obtained for metallurgical testing of milling processes. Crosscuts within the Shear Zone will allow for the evaluation of underground mining methods.
Construction of the decline will facilitate more effective exploration of underground targets, confirmation of grade and continuity of existing mineral resources using shorter and more closely-spaced drill holes than would have been practical from surface. Evaluation of underground mining feasibility requires actual drifting in ore and collection of geotechnical data. The decline may be suitable for use as part of a future underground mine. The decline is expected to reach the 1,000-foot target within nine months and once exploration drilling commences, it is expected to continue to the end of 2008. This is the first phase of an advanced exploration program with the objective of determining the presence of sufficient high grade gold reserves to justify the establishment of an economic underground gold mine operation.
Overview – November 12, 2007
In this day and age, when much of the globe has been well explored for gold and silver, the opportunity to participate in a new and promising regional exploration play at an early stage represents an enticing prospect. Major mining companies have been struggling to replace reserves and this partially accounts for the rise in gold and silver prices in the past year or so. We appear to be in a generational bull market for mineral commodities, with prices for gold and silver at levels not seen in decades. Investment in gold and silver exploration and development is now an attractive value proposition. This bodes well for Company shareholders, and should result in some exciting investment opportunities in the coming period as the Company’s Atlanta gold property (“Atlanta” in Elmore County, Idaho moves forward toward production.
2007 Technical Report
To independently verify the impacts of higher gold and silver prices on the open-pit mineable reserves at Atlanta and the corresponding increase in the value of Atlanta, mine engineering and geological consultants were contracted by the Company to prepare a NI 43-101compliant Technical Report (the “2007 Technical Report” which was completed at the end of the second quarter of 2007. The 2007 Technical Report provided the following reserve and resource estimates for Atlanta: reserves of 747,000 ounces of open-pit heap-leach recoverable gold with a weighted average grade of 0.05 ounces of gold per ton, resources (measured and indicated) of 1,468,000 ounces of gold at a cut-off grade of 0.02 ounces of gold per ton and potential additional resources of 635,000 ounces of gold in the inferred category.
New open-pit designs were completed for the proposed Monarch and Idaho Pits, using gold and silver prices of US$550 and US$10 per ounce respectively. The 2007 open-pit designs will yield 747,000 ounces of saleable gold (equivalent) by cyanide heap leaching. This is an increase of 222,000 ounces over the previous 43-101 Report, which incorporated results of the 2005 Feasibility Study with gold and silver prices of US$350 and US$6 per ounce respectively.
Using open-pit and heap-leach technologies based on proposed open pit designs in the 2007 Technical Report, the projected gross revenue and net profit from Atlanta are US$411 million and US$173 million respectively. If the recent gold price of $750 is applied, the Atlanta 2007 open-pit designs will generate gross production revenue of approximately US$560 million.
The 2007 open pit designs are significantly larger than those contemplated in the 2005 Feasibility Study. Table 1 below highlights this important factor, at three gold prices. (Note: The “2007 Estimate” data using a gold price of US$750 per ounce is not based on a specific pit design and is only an estimate using the same modeling database which was used in the 2007 Technical Report to illustrate the expected increase in excavated tonnage and gross production revenue which would be realized at this gold price.)
TABLE 1
Impact of Gold Price on Expected Volume of Ore and Waste Rock and Gross Production Revenue for Proposed Open Pit-Heap-Leach Operation
Gold Price
Per Ounce
(US$)
Tons of Ore
Mined
Tons of
Waste Rock
Mined
Total Tons
(Ore + Waste
Rock)
Strip Ratio
Waste: Ore
Recoverable
Equivalent
Ounces of
of Gold
Gross
Production
Revenue
(US$MM)
2005 Feasibility Study
350
13,700,000
46,287,000
59,987,000
3.38:1
525,100
261
2007 Technical Report
550
23,196,000
67,399,000
90,595,000
2.91:1
747,200
411
2007 Estimate
750
27,000,000
71,000,000
98,000,000
2.63:1
800,000
560
2007 Surface Drilling Program and Proposed Underground Exploration Program
With the objective of further enhancing the value of Atlanta, the Company commenced a surface drilling program in the second quarter of 2007 aimed at increasing ore reserves along the Atlanta Shear Zone. This zone remains open along strike both east and west, and at depth below the current open pit designs.
While some assays from the 2007 surface drilling are still pending, data received to date indicates an expansion of the Monarch Pit eastward is likely. Mine design engineering to quantify this resource will be undertaken after drilling ceases for the winter shutdown. A table showing the 2007 surface drilling results to date for Atlanta is available on the Company's website under Properties – Atlanta Gold Table - 2007 Atlanta Surface Drilling Results to Date.
Strong potential exists for discovery of underground mineable zones beneath the Monarch Pit. Since 1985, most drill holes have been aimed at establishing open pit mineable reserves, to a depth of less than 700 feet. During the first and second quarter of 2007, as indicated in the 2006 Annual Report, the Company has evaluated the potential for deeper ore by compiling and interpreting the existing geologic and drilling data at Atlanta. The resulting database has been reviewed by number of consultants and potential investors. Included in this data are 47 deep holes drilled to depths of 701 – 1,891 feet, with assays up to 2.1 ounces of gold per ton. These deep holes demonstrate that gold mineralization continues at depth and there is the potential for both underground and open-pit mining. For the past six months Atlanta has been developing a new three-dimensional mine modeling database to further define future pits and possible drill targets. This identified potential drilling targets in a significant mineralized zone (New Target Zone #1) which is approximately 700 feet below the west end of the Monarch Pit.
An underground bulk sample for metallurgical test work is the next logical step in moving Atlanta forward into the pre-feasibility stage of development of an underground mining operation. The Company has designed an underground portal and all supporting infrastructure to proceed with underground test mining and bulk sampling. All facilities related to an underground exploration program are on private property for which surface and mineral rights are controlled by the Company. If the bulk sample results and the underground pre-feasibility study are positive, the decline could be used to achieve limited production from a test milling facility. By staying on private property, the transition from underground exploration to underground mining could be accomplished smoothly and without permitting delays.
Elsewhere on the Atlanta property (off the Shear Zone), there are numerous target areas which supported historic underground mining operations. There has only been limited exploration of those targets using modern exploration methods, and the Company believes that further exploration drilling is warranted in 2008.
The overall objective of the Company’s underground and surface exploration is to expand reserves at Atlanta to exceed one million ounces of recoverable gold. As the above discussion suggests, this objective appears to be achievable.
Environmental Permitting
In addition to obvious economic benefits, Table 1 illustrates that gold price increases from US$350 in 2005 to US$550 in 2006 and to US$750 per ounce in 2007 would cause significant increases in heap leach pad area for ore and in waste rock disposal area. Such an increase in pit dimensions would have significant implications for environmental planning and permitting efforts at Atlanta.
http://www.worldofinvestment.com/forum/Atlanta_Gold_Inc_/A0M…
The surface area implications of an increase in the gold price from US$350 to US$750 per ounce and implementation of either the pit design envisaged by the 2007 Technical Report or a design based on the 2007 Estimate would be as follows:
1. The surface area of the heap-leach pads would increase by 1.7 times in the US$550 (2007 Technical Report) case and would almost double in the US$750 (2007 Estimate) case. The Atlanta site is in rugged mountainous terrain, devoid of any flatlands. The availability of potential pad construction sites is very limited, and heap leach pads must be located on U.S. Forest Service land, as the private property owned by Atlanta Gold would be essentially consumed by the proposed open-pits.
1. The quantity of waste rock that must be mined from the larger pits would increase from 46 million in the US$550 (2007 Technical Report) case to 71 million tons in the US$750 (2007 Estimate) case. This exceeds the planned capacity of the Company-controlled Quartz Gulch canyon that had previously been proposed by the Company as the location for waste rock storage. New 2007 open-pit mine designs have included 2 or 3 new waste dumps on U.S .Forest Service land, to contain the greater tonnage of waste rock.
The Environmental Impact Statement (“EIS” permitting process in the United States requires that “reasonably foreseeable future impacts” must be evaluated along with the more immediate impacts of the basic project as proposed under price, cost and market conditions prevailing at the time of the EIS. Whereas larger open pits were previously only a possibility, at US$750 gold, they could now be the base case proposal which the environmental agencies must address.
A gold price of US$750 per ounce also increases the likelihood that a significant portion of the underground resources will become economic at the Atlanta site. For this reason, the potential impacts of an underground mine will be included in the permitting studies.
Economic, Environmental and Permitting Improvements
On September 27, 2007, the Company issued a news release describing engineering studies that were underway for a new ore processing plan for the Atlanta ore reserves. This new plan would combine heap leaching of lower grade ore from open-pit mining, with milling of higher grade ore from underground mining. The mill would also process high grade ore selectively mined from the open pits, which would result in higher recovery rates than those from the heap-leach operation.
The primary objective of all proposed revisions to development plans for Atlanta is to improve profitability while demonstrating to investors and the local community that gold mining at Atlanta will have a positive impact on the environment. Recovery from milling is expected to be 85-90%, far exceeding the predicted 64% from heap leaching and this will result in a significant increase in production revenue. Milling costs are estimated to be much less than the increase in production revenue.
More critically however, the parallel heap leach and milling plan offers significant opportunities for permitting of the overall Atlanta project for the following reasons.
a) Open pit tonnages (ore and waste) could be reduced if underground mining can economically remove ore from the lower 100-200 feet of what would otherwise be open pits.
b) A significant percentage of the sulphides that exist in the Atlanta Shear Zone ore could be removed from the heap leach feed, if the milling operation was to include a flotation circuit.
c) A large decrease in U.S. Forest Service land requirements could be achieved if on-off (load-unload-reload) leach pads were adopted. With on-off pads, the ore processing sequence is (1) loading ore on a pad, (2) cyanide leaching of the ore on the pad, (3) rinsing of the heaped ore to State-mandated specifications of purity, (4) unloading of the leached / rinsed ore to a designated disposal area, and finally (5) re-loading of the pad with fresh ore to renew the cycle of heap leaching using the same pad area.
d) Lower sulphide content in the heap leach feed improves the potential for using on-off (load-unload-reload) heap leach pads, minimizing the acreage of pads required.
e) On-off (load-unload-reload) heap leaching would increase the tons of material available for backfilling into the open pits, reducing the footprint of the project.
f) On-off (load-unload-reload) heap leaching would allow for greater application of concurrent reclamation, thus reducing visual impacts, surface area required and environmental bonds.
g) A longer-life project at Atlanta with greater socio-economic benefits would result if underground mining was to supplement the annual gold production expected from heap leaching.
h) Water requirements for ore processing can be reduced if milling is incorporated.
i) For the ore reserves processed by milling, no cyanide would be required. In addition, the removal of high-grade ore from the heap leach feed (and into the mill) would allow lower cyanide concentration and usage on the heaps.
Underground Program at Atlanta
Subject to the availability of financing, the planned exploration program in 2008 will help to identify the presence or absence of additional ore reserves and resources. The objectives of the underground exploration of the Atlanta deposit are to test the down-dip projection of ore shoots in the Atlanta Shear Zone. The drilling program will facilitate development of future mine plans and more comprehensive modeling of hydro-geological conditions and mineralization.
The Company expects to commence construction of a portal in Quartz Gulch, north of the Atlanta Shear in the fourth quarter of 2007. The exploration decline will be 10 feet wide and 13 feet high, declining at 15% along a 1,000-foot length. It will be driven south to cross the Atlanta Shear, with drill stations established along the decline. The initial drilling will probe the Shear zone to evaluate rock mechanics and to precisely locate high-grade zones within the Shear. Where the decline cuts across the Shear Zone, valuable bulk ore samples of varying grades and rock character will be obtained for metallurgical testing of milling processes. Crosscuts within the Shear Zone will allow for the evaluation of underground mining methods.
Construction of the decline will facilitate more effective exploration of underground targets, confirmation of grade and continuity of existing mineral resources using shorter and more closely-spaced drill holes than would have been practical from surface. Evaluation of underground mining feasibility requires actual drifting in ore and collection of geotechnical data. The decline may be suitable for use as part of a future underground mine. The decline is expected to reach the 1,000-foot target within nine months and once exploration drilling commences, it is expected to continue to the end of 2008. This is the first phase of an advanced exploration program with the objective of determining the presence of sufficient high grade gold reserves to justify the establishment of an economic underground gold mine operation.
Antwort auf Beitrag Nr.: 33.957.701 von helwet59 am 23.04.08 22:56:11good news
ATG vervierfacht Landbesitz.
Hoffentlich fliegt der Vogel bald.
ATG vervierfacht Landbesitz.
Hoffentlich fliegt der Vogel bald.
Ich denke der Vogel fliegt schon sehr schön ... in 1 Monat schon 160% gemacht! Und die weitere Entwicklung zeigt weiterhin steil nach oben.
muß korrigieren - + 190% in 1 Monat!! :-)
Yes Sir - und anhand der mordsmäßigen Umsätze sehen wir auch alle wie viel Schotter Du dabei gemacht hast...
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