Bulk Sample - Atlanta Gold Inc.

BULK SAMPLE
2014
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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.
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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.
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IDAHO AND MONARCH DEPOSITS
LOOKING WEST
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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.
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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
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SURFACE SAMPLE LOCATIONS
Surface Sample Location
Overall Average: 2.154 g/t (0.076 opt) gold
N
Monarch Shaft
X
TRENCHES
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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)
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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
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FLOW SHEET
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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
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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
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MAN CAMP
Beaver Lodge
Atco Trailers
Atlanta Vista
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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
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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.
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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
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
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
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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%
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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]
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