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Atlanta Gold lists on the OTCQX

Last updated: 15:39 02 Mar 2011 GMT, First published: 16:39 02 Mar 2011 GMT

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Mineral exploration company Atlanta Gold (CVE:ATG)(OTCQX:ATLDF) started trading today on the OTCQX, the top tier of the OTC market.

The Toronto-based company is currently developing its flagship Atlanta Gold project located near Atlanta, Idaho.

According to a resource estimate the company released last month, the Atlanta Gold project has an indicated resource of 3.27 million tons averaging 4.73 grams per tonne gold and inferred resources of 1.56 million tons averaging 6.27 grams per tonne gold. Mining to develop the project is expected to start in late 2012.

The company also has stakes in the Abitibi gold property and Torngat diamond property in Québec, as well as the Brodeur diamond property on Baffin Island.

As of January, Newmont Mining (NYSE:NEM) and investment firm Sprott Asset Management owned 3.1% and 12.2% of the company, respectively.

Atlanta Gold's shares were trading at 13 cents on the OTCQX as of 11:32 am EST.

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