BULK SAMPLE 2014 1 This presentation includes “forward-looking information” and “forward looking statements”(collective “forward-looking statements”) within the meaning of applicable securities laws. All statements other than statements of historical fact are forwardlooking statements. Forward-looking statements included herein are with respect to resource estimates and exploration targets and the potential for the discovery of additional gold deposits; the initiation and outcome of test-mining and processing and the ability to generate cash therefrom; the securing of requisite production permits and the completion of the matters identified under “The Schedule 2014” and the respective timing thereof; and the proposed financing options and the results therefrom. Such statements are based on 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 the accuracy of historical records, the accuracy of the Company’s resource estimates and the geological, metallurgical and price assumptions on which they are based, the availability of adequate financing on a timely basis, and the ability to achieve operating cost estimates and to complete outstanding environmental litigation. 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. Risks and uncertainties that may cause actual results to differ materially include, but are not limited to, the speculative nature of mineral exploration, development and mining (including uncertainties with respect to the interpretation of geology, continuity, size and grade estimates and the recoverability of mineral reserves and resources); the Company’s limited financial resources and the delay or inability to obtain additional financing on satisfactory terms; the delay or inability to resolve the environmental litigation on satisfactory terms and to comply with the terms thereof; operational and technical difficulties which could increase development and operating costs; risks associated with the business of mineral exploration, development and mining, including the ability to obtain requisite permits and licenses, environmental, health and safety hazards, fluctuations in resource prices and currency exchange rates and changes in government regulations; changes in general economic and financial market conditions; as well as other risks and uncertainties identified in the Company’s filings available at www.sedar.com. Should any of the risks or uncertainties materialize or should any of the assumptions prove to be incorrect, then actual results could vary materially from those expressed or implied in the forwardlooking statements and you should not place undue reliance on such statements. The mineral resource estimates included herein were prepared in accordance with the requirements of Canadian securities regulatory authorities which differ significantly from those of the United States Securities and Exchange Commission. The SEC applies different standards in order to classify mineralization as a reserve and does not recognize the terms “measured, indicated and inferred resources” and you should not assume that all or any part of the mineral deposits in these categories constitute or will ever be converted into reserves. Inferred resources have a great amount of uncertainty as to their existence and economic feasibility and it cannot be assumed that all or any part of an inferred mineral resource will be upgraded to a higher category. 2 TEST PROCESSING WILL: Fine tune the process to establish a base for full scale operations. Showcase the minimal environmental impact and establish environmental and community reputation. Facilitate full-scale permitting. Use proven technology and contractors to minimize CAPEX requirement. Low CAPEX to achieve test mining status and cash flow. Excavate 136,350 tonnes (150,000 tons) of mineralized rock and 68,175 tonnes (75,000 tons) of waste. Produce 280 kg (9,000 ounces) of gold from the bulk samples. Generate Cash Flow. 3 IDAHO AND MONARCH DEPOSITS LOOKING WEST 4 THE RESOURCE O z . Ag Ag as Au E q . Oz Au Eq. (0 0 0 ’ s ) To n s Au (o p t) Au (g / t) (000’ s ) Ag (o p t) Ag (o p t) (000' s ) O z (000' s ) (ooo’s) I n d i cated 7, 140 0. 091 3. 13 652. 4 0. 218 7. 47 1, 556. 4 29. 6 682. 0 I n fe r r e d 1,478 0.127 4 . 36 188. 2 0. 275 9. 43 406. 5 7. 8 196. 0 633 0.157 5 . 40 99. 6 0. 163 5. 59 103. 2 3. 4 103. 0 1,239 0.160 5 . 47 197. 7 0. 153 5. 25 189. 6 3. 6 201. 3 I n d i c a te d 7,773 0.097 3 . 32 752. 0 0. 214 7. 32 1, 659. 6 33. 0 785. 0 I n fe r r e d 2,717 0.142 4 . 87 385. 9 0. 219 7. 52 596. 1 11. 4 397. 3 Ar e a O z . Au O P E N -P I T: UNDE RG RO UND : I n d i c a te d I n fe r r e d TO TAL : (1) Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. (2) The quantity and grade of reported inferred resources in this estimate are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category. (3) The mineral resources were estimated using the CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions. (4) AuEq was calculated such that one ounce of Au = 50.35 ounces Ag. Metal prices used were the January 31, 2012 two-year trailing average for Au at US$1,419/oz and Ag at US$28.18/oz with respective mill recoveries of 83% for gold and 88% for silver. (5) The estimated mined tonnage from historic operations was removed from the block model. 5 ELEPHANTS WORTH OF GOLD The current resource at Atlanta accounts for 1.14 million ounces of gold or 35.4 tonnes. That is the equivalent weight of 5 elephants in gold! * Average male African elephant: 7 tonnes 6 SURFACE SAMPLE LOCATIONS Surface Sample Location Overall Average: 2.154 g/t (0.076 opt) gold N Monarch Shaft X TRENCHES 7 TRENCH SAMPLES Overall average grade: 3.53 g/t (0.103 opt) gold AVERAGE GRADE Au: 5.25 g/t (0.135opt) AVERAGE GRADE Au: 2.64 g/t (0.077opt) AVERAGE GRADE Au: 2.54 g/t (0.074opt) N Monarch Shaft X AVERAGE GRADE Au: 3.81 g/t (0.111opt) AVERAGE GRADE Au: 3.81 g/t (0.111opt) AVERAGE GRADE Au: 3.74 g/t (0.109opt) 8 MULES DAY WORTH OF WORK Projected processing rate during the bulk sampling program is 909 tonnes/day. That is the equivalent of what 18 mules moved per day at Atlanta * Average Atlanta mule hauled 51 tonnes per day 9 FLOW SHEET 10 THE PROCESS Knife River Test Plant Feed: 3/8” Slot Screen Head Grade: 1.74 g/t Au Tail Grade: 1.37 g/t Au Recovery: 20% Knelson Concentrator Head Grade: 1.1 g/t Tail Grade: 0.8 g/t Recovery: 55% of Free Au J. Farmer Mining Evaluation Head Grade: 1.37 g/t Con. Grade: 142.5 g/t Tail Grade: <10 g/t To Nevada Falcon Concentrator Head Grade: 1.6 g/t Gold Recovered +150 Mesh: 40% Gold Passing -150 to +500 Mesh: 12% Gold Passing -500 Mesh: 48% Knife River Sluice Concentrator Test in 2014 11 12 CONSERVATION WATER TREATMENT FACILITY 2460 ug/l Arsenic in, <5 ug/l Arsenic out (12/02/13) #2 CELL #4 CELL #3 CELL CONCURRENT RECLAMATION #1 CELL 13 MAN CAMP Beaver Lodge Atco Trailers Atlanta Vista 14 EQUIPMENT 1989 Volvo Wheeled Loader 1994 Kenworth Dump Truck & Pup 1997 Ford Louisville Water Truck 2005 Ford F450 Pickup & Trailer 2007 CAT 272C Skid Steer Loader 2007 CAT 330DL Excavator 2007 CAT 420E IT Backhoe 2008 Grove RT650 E 50-T Crane 2008 CAT 950H IT Loader 15 GOLD PLATED MATH Proposed 2014 Budget : US$8,900,000 (Debt Financing) Option 1 : US$4,000,000 (August 2013) Option 2 : US$5,000,000 (Debt Financing 2014). Option 2 Provides: 280 kg (9,000 ounces) of gold from the proceeds of Exploration and executing the Notice Of Mechanized Exploration (NOME). The NOME will be submitted to Idaho State Lands (ISL) within seven calendar days following the commencement of Exploration operations. Technical/Professional Information Required For The Following: Proving process will help convert Resource (Indicated and Inferred) of 35,391 kg (1,137,900 oz) gold to Reserve and Resource. Technical Support For Optimal Permitting. 280 kg (9,000 ounces) will provide critical cash flow. Will provide Improvements to mining and recoveries going into the 2015 execution of the NOME. Which is anticipated to produce 466 kg (15,000 ounces). 280 kg (9,000 oz) + 466 kg (15,000oz) = 746 kg (24,000 oz) x $32.15/g ($1000/oz)=$24M. Current debt= $9M+$1M interest. Remainder of $14M for CapEx and permitting by end of 2015. 16 THE SCHEDULE 2014 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Est. Cash Requirements By Month ($000’s) Total: $9M 245 321 444 287 512 1,143 1,120 1,136 1,189 1,085 1,130 363 Cumulative Total ---- 566 1,010 1,297 1,809 2,952 4,072 5,208 6,397 7,482 8,612 8,975 Exploration/ Condemnation Trenching Road to Access Private Property Mobilization/Demobilization Sampling/Processing Drilling & Blasting Waste Removal Storm Water Management 17 WM. ERNEST SIMMONS ERIC J. BERENTSEN PRESIDENT & CEO VICE PRESIDENT 50 years of mining industry experience Responsible for discoveries containing in excess of 591 tonnes (19M ounces) of gold Experience as Senior and Chief President/CEO & Director of Geologist, Vice President of Atlanta Gold Inc. since 2008 Exploration, President and currently Vice President of Atlanta Gold Corp. Senior graduate of the Haileybury School of Mines 35 years of mining industry experience Worked in various positions as Mine Manager, COO & Director of Atlanta Gold Inc. since 2006 BSBA Regis University BS Geology Lake Superior State University Qualified Person under NI43-101 18 TSX Venture: ATG Shares Outstanding: 257.1 Million 52 week H/L: $0.05/0.01 Warrants: 59.7 Million Options: 2.1 Million Convertible Debenture 30.0 Million Fully Diluted: 348.9 Million Market Capitalization: $7.6 Million Institutional Ownership: 12.8% Insider Ownership: 13.8% 19 Wm. Ernest Simmons President & CEO 1-208-424-3343 [email protected] Eric J. Berentsen Vice President 1-208-424-3343 [email protected] CHF Investor Relations Jeanny So Senior Account Manager T: + 1-416-868-1079 E: [email protected] 20
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