Suite 5600, 100 King Street West
Toronto, Ontario, Canada, M5Z 1C9
Tel: 416.777.0013 Fax: 416.777.0014
Company Stock Information
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Share Structure as of: January 7, 2013
Issued & Outstanding: 253.4 million
Fully Diluted Shares: 387.5 million
Investor Relations Contacts
Vice-President & CFO
Atlanta Gold Inc.
Director of Operations
CHF Investor Relations
416.868.1079 x 225
Content last updated on 01.29.13
In Idaho, the Atlanta gold-silver project exceeds 1 Million AuEq in NI 43-101 compliant resources
Atlanta Gold Inc. (TSXV: ATG) through its 100%-owned subsidiary, Atlanta Gold Corporation, controls the Atlanta Mine. The Atlanta Mine holdings consist of 2,159 acres (8.74 km2) of mineral rich land that is located in Elmore County, Idaho. The project is at an advanced exploration stage with substantial growth potential. The Company’s strategic focus is to progress the Atlanta Mine to development and production in late 2014.
The 2011 drill program completed 59 holes comprising of 56,924 feet (17,350 metres). Combined with the 39,075 feet (11,910 metres) drilled in 2010, it will represent 2/3 of all core drilling completed at the Atlanta Mine in the past 25 years.
An upgrade of the reported NI 43-101 resources as announced on February 9th 2012 has increased the Inferred resource by nearly 37% and Indicated resource nearly 10%.
Read Atlanta Gold's Article in CHF Spotlight, Issue 75.
Atlanta Mine Project Snapshot
- Located in a historic 2,159 acre mining district, Boise, Idaho
- NI 43-101 Indicated Resource of 785,000 AuEq ounces (7.77 million tons at 0.101 opt (3.46 gpt) AuEq) and Inferred Resource of 397,300 AuEq ounces (2.72 million tons at 0.146 opt (5.01 gpt) AuEq)
- Further drilling has the potential to increase the total resource up to 3 million AuEq ounces at grades of 3.00 to 4.00 gpt AuEq
- The increase in this resource estimate was achieved at a total discovery cost of $30.00 per ounce, including overheads
- 56,924 feet (17,350 metres) of core drilling completed in 2011, which added nearly 10% in the Indicated and 37% in the Inferred Resource
- Construction of test processing plant by Q2 of 2013
- Pilot-scale testing by Q3 2013
- Preliminary Economic Assessment by Q3 of 2014
Management & Directors
Wm. Ernest (Ernie) Simmons, Chief Executive Officer: Mr. Simmons joined the Corporation on January 15, 2008. Mr. Simmons has over 40 years of senior experience with a number of mining and exploration companies.
William (Bill) Baird, Director, Vice-President & Chief Financial Officer: Mr. Baird has over 30 years of senior experience with a number of mining and exploration companies including 10 years with Teck Resources Limited.
W. Warren Holmes, Director: Mr. Holmes has 40 years of mining industry experience including with Noranda Inc. (1964-1986) and Falconbridge Limited (1986 - 2002). Currently Chairman of Nuinsco Resources Limited and Victory Nickel Inc., he is also a director of several public resource companies and research organizations.
James K. Gray, Director & Chairman: Mr. Gray has been engaged in the oil and natural gas exploration business in Western Canada. In 1973, Mr. Gray co-founded Canadian Hunter Exploration Ltd., one of Canada's larger natural gas producers. He also serves as a director of Brookfield Asset Management Inc. (formerly Brascan Company), Canadian National Railways and Phoenix Technology Income Fund.
Eric J. Berentsen, Director: Mr. Berentsen has over 29 years of varied geological experience including Getchell Gold Corp (1990 - 1999), Placer Dome Inc. (1999-2002), and Apollo Gold Inc. (2002-2005). Currently, he is President of Jipangu Exploration Inc.
Allan J. Folk, Director: Currently Mr. Folk is Vice President of Brant Securities Limited, an investment dealer and has more than 20 years experience in the investment industry.
John D. Jackson, Director: Mr. Jackson has extensive experience in business development, growth and operations and is widely recognized for his ability to transform ideas into successful enterprises. He founded Jackson Oil Inc., a wholesale and transportation company.