Atlanta Gold Royalty I, LLC Acquires One Half of One Percent Royalty Interest from Canadian American Mining Company, LLC

Canadian American Mining Company, LLC is pleased to announce the sale of a one half of one percent (.50) Net Smelter Royalty (NSR) currently held in the Atlanta Gold property located in Atlanta, Idaho. The royalty interest was sold to Atlanta Gold Royalty I, LLC for the sum of $1,000,000 U.S. The property is operated by Atlanta Gold (T-ATG) and according to published reports by Atlanta Gold the property should be in commercial production by the first quarter of 2010 and should have initial production of between 40,000 to 50,000 ounces annually. read more

Source: Canadian American Mining Company, LLC