September 27, 2011 / 2:08 PM / 6 years ago

Atlanta Gold discovers high-grade gold in Idaho, shares up

Sept 27 (Reuters) - Canadian miner Atlanta Gold Inc said drilling results at its Atlanta property in Idaho confirmed the potential for higher grade gold mineralization, sending its shares up 28 percent.

The Toronto-based company’s shares were trading up at 11.5 Canadian cents on the Toronto Venture Exchange. The stock was one of the top gainers on the exchange, with over 900,000 shares changing hands by 1000 ET.

Atlanta Gold said the highest gold value of 25.920 grams per tonne over 4.5 metres was found in the east extension and Monarch areas on the property. (Reporting by Amruta Sabnis in Bangalore)

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