Four Nine

Atlanta Gold Inc. (TSXV: ATG) is a junior gold exploration and development company located in a historic mining district North East of Boise, Idaho. The Atlanta Gold Project sits on a 2,159 acre site which has hosted numerous past producing mines since the 1860s with historic production of 344,000 equivalent ounces of gold (Au).

The Atlanta Gold Project lies within the historic Middle Boise Mining District in an area with a long history of exploration, development and production of gold and silver ore since a discovery in 1863. The Property in Elmore County, Idaho, is located at Longitude 115° 06‟ 51” and Latitude 43° 46‟ 55” a position situated 60 air miles (90 air kilometers) east/northeast of Boise, Idaho's capital, at elevations between 5,400 and 7,200 feet (1,646 to 2,195 meters) in rugged, largely timbered country. It is approximately 1.5 miles (2.4 kilometers) south of the historic mining town of Atlanta, within the drainage of the Middle Fork of the Boise River.

Gold was discovered in the vicinity of Atlanta in 1863 and the region has since undergone sporadic periods of metal production. The most productive years were during the periods from 1870 to 1885, 1902 to 1917, and 1932 to 1957. Historic gold production from Atlanta of 297,000 ounces of gold and 2.6 million ounces of silver (47,000 equivalent ounces of gold) or 344,000 equivalent (Au +Ag) ounces of gold was shallow high grade mining from surface to a vertical depth of 300 meters (1,000 feet) below surface. Most of this was mined at gold prices of US$20 to US$35 per ounce above cut-off grades of 17.1 grams per ton (0.5 ounces per ton) up to and including 1935 and 13.7 gpt (0.4 opt) thereafter. Consequently, most of the resources along the Atlanta Shear Zone were not mined and remain in site.

Initially the Atlanta Deposits were described as epithermal. This was due in part to a fluid inclusion study (Reynolds, 1988) and probably influenced by the hot springs in the vicinity. The fluid inclusion study was inconclusive, it indicated temperatures less than 200 degrees C (upper epithermal temperature range) and depths of greater than 1500 to 3000 meters (mesothermal range). Varying results like this can be explained by multiple stages of hydrothermal fluids over a wide range of time, temperatures and pressures. A more extensive fluid inclusion study as suggested by Eric Berentsen (2011) would go a long way in filling in the orogenesis at Atlanta. Multiple stages of mineralization are also indicated by the ages of the hydrothermal events. The age of the events ranges from the emplacement of plutonic rocks in the Eocene to dates in the Cretaceous. A Cretaceous date for mineralization is more typical of mesothermal deposits. The current hot springs at the surface represents the latest hydrothermal event. Finally, and most importantly, the geologists have identified at least three stages of mineralization. All these factors indicate multiple stages of fluid emplacement.

The best argument for calling the Atlanta Deposit mesothermal is its vertical extent and depth of emplacement. The deposit was previously thought to only extend through a vertical range of 800 feet. Drilling now shows gold intercepts at grades and widths consistent with the upper ore zones at a depth of 3000 feet below the current surface. In addition, the gold mineralization was deposited in the Atlanta Shear Zone in the deeper levels of the Idaho Batholith, several thousand feet below the roof zone which has been removed by erosion to that current surface in the Atlanta District. Evidence now indicates emplacement of the ore zones in a mesothermal environment in the Idaho Batholith by the migration of multiple stages of hydrothermal fluids.

As of January 31st of 2012, an updated mineral resource estimate has been completed for the Atlanta Gold Project, with 785,000 gold equivalent ounces in the indicated category and 397,000 equivalent ounces in the inferred category. Total indicated and inferred is 1.182 million gold equivalent ounces.

Assume a gold price of US$1,300 per ounce and an exchange rate (US$ to Yen) of 105 Yen, this project shall be a huge mine with the estimated mineral reserves of over 1.5 billion US$ (161 billion Yen).

• Atlanta Gold is poised to begin the scoping process and mine development planning and to start the permitting process for the Atlanta Gold Project
• Production Scoping Profile in the future (Foreword Looking)
  2000 tpd Gold Mining Operation - Open Pit Mine and Processing
  0.10 ounces of gold per ton produced
  80,000 ounces of Gold produced per year
  Revenue US$104 M at US$1,300 gold price
• Environmental Impact Statement (EIS) - Permitting Time Frame – 3 to 4 year
  The EIS timeline assumption is that the Atlanta Gold deposit would be mined from an open pit mining configuration. An open pit mining operation would require the use of private mining property as well as public lands controlled by the US Forest Service and many federal permitting agencies to work through to complete and EIS. This open pit mining scenario is the driving factor for the 3 to 4 years of environmental permitting.
• An alternative mining plan is under review to mine the Atlanta Gold deposit by a bulk underground mining method, known as, sublevel blasthole open stoping. This alternative underground mining plan could possibly cut the permitting timeline down to 1.5 to 2.5 years of environmental permitting due to only utilizing private property and permitting through the Idaho state agency known as the Idaho Department of Lands (IDL).

The Neal Project is located about 17 miles (27km) southeast of Boise, Idaho, and southeast of the Three Point Mountain at altitude of 1,340 to 1,510 meters. The production of US$200,000 worth of gold was recorded in 1897 assuming that the price of gold was US$20.67 per ounce and 9,675 ounces of gold were produced. Also, according to the Bureau of Mines, the mine is reported to have produced 20,135 ounces of gold and 15,428 ounces of silver from 1901 to 1991. There is no record from 1898 to 1900, but at least over 30,000 ounces of minerals were produced in this area.

The Neal deposit, previously called the Centennial project contains a vein-type gold deposit located in the Atlanta lobe of the Idaho Batholith within the Trans-Challis Fault Zone. The zones strike N70E and dip 40 to 50 degrees to the south. The veins are structurally controlled. Multiple veins and Joint sets in the host rock are reported to have assisted in spreading mineralization into the altered host rock for various thicknesses from a few inches to over 165 feet. Alteration is similar to the alteration found at Atlanta. Minerals associated with the gold include pyrite, rhodochrosite, manganese oxides, goethite, sphalerite and minor galena. The gold is closely associated with pyrite.

A reverse circulation drilling program was conducted in 1989 consisting of 190 vertical and 18 angle holes for a total of 47,655 feet. Part of this resource has been removed and stockpiled by the trenching activity by Atlanta Gold and it would be hard to do a NI 43-101 compliant reserve on the old RC drilling. Results from the Atlanta Gold, Inc. surface sampling of the Neal Property in April, 2015 is described in the Atlanta Gold Press release presented below.

As shown, a lot of high grade material is at the surface, some of this material was in place, some of the material was float, rubble and probable backfill from the historic underground mining. The trenching has exposed a highly mineralized knob of silicified igneous rock associated with a mineralized vein.