TORONTO--(BUSINESS WIRE)--Atlanta Gold Inc. (the "Company") (TSXV:ATG; OTC Pink: ATLDF) is pleased to announce the appointment of R. David Russell as (Interim) President and Chief Executive Officer of the Company effective May 10, 2017. Mr. Wm. Ernest Simmons, as previously announced, has retired as President and CEO of the Company and from its Board of Directors (see the Company's news release of March 20, 2017).
Mr. Russell graduated from the University of Montana, at Montana Tech, School of Mineral, Science and Technology with a Bachelor of Science Degree in Mining Engineering and has over 35 years of experience in the mining industry. Mr. Russell is currently a director of Pure Nickel Inc. and the Chairman of the Board. Mr. Russell was the Founder, President, CEO and Director of the former Apollo Gold Corporation, (now Primero Mining Corp.). Additional positions included Vice-President and Chief Operating Officer of Getchell Gold Company/Placer Dome Gold, General Manager, US Operations, LAC Minerals Ltd. (now Barrick Gold).
Mr. Russell was granted an option to purchase 500,000 common shares at a price of $0.065 per share, exercisable for five years in accordance with the terms of the Company’s Stock Option Plan.
About the Company
Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation (“AGC”), leases, options or ownership interests in its Atlanta properties which comprise approximately 2,159 acres (8.74 square kilometres) located 90 air kilometers east of Boise, in Elmore County, Idaho. A long history of mining makes Atlanta very suitable for development of new mining projects. The Company is focused on advancing its core asset, Atlanta, towards mine development and production.
The Company is also focused on advancing its exploration and processing methods on the Neal Property, which is located approximately 15 miles from Boise, Idaho and comprises approximately 192 acres (0.78 square kilometres). The Neal Property’s geology is similar to that of the Atlanta Project and it provides the Company with all-season access to further refine the processing equipment and procedures. AGC holds a five-year lease on the Neal Property and has staked an additional seven contiguous claims on public land that was open to mineral entry.
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