Atlanta Gold (CVE:ATG) (OTCQX:ATLDF) said Tuesday that it has closed the purchase of a 5.6 acre property in Boise, Idaho, near its Atlanta Mine, as previously announced in April.
The company issued 2.1 million common shares in part payment of the consideration, it said.
"Acquired on favourable terms, this new property has excellent highway and rail access and will be developed as a corporate office, warehouse, training centre, truck depot, marshaling yard, service centre and the turnaround for goods going to and from the Atlanta Mine," said president and CEO, Bill Baird.
"Management has taken steps to prepare for production at Atlanta, as opportunities present themselves. This approach has provided significant savings on substantial purchases of buildings and equipment, which have been completed well ahead of schedule."
The company aims to open the Atlanta Mine for gold and silver production by 2014, with advanced preparations for construction and operational work drawing near.
The Atlanta properties comprise approximately 2,159 acres, located 60 air miles north east of Boise, in Elmore County, Idaho.
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