Atna Resources Ltd. and Energold Mining Ltd. - San Antonio I Concession Geophysical Results Encouraging Follow-up Drill Program Planned For Early Next Year
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 1, 1999--Atna Resources Ltd. (TSE:ATN. - news) and Energold Mining Ltd. (VSE:EGD. - news; VSE:EGD.UN. - news) recently completed a deep penetration TEM geophysical survey at the San Antonio I Concession, Dominican Republic.
The survey, which was carried out over most of the property, has outlined several conductors, coincident with favourable geology and surface geochemical anomalies. Some of the conductors are in areas of high-grade drill intersections (see previous releases) and may represent extensions to this mineralization along strike and down-dip. A drill program is planned for early next year to test priority geophysical targets. Initial drilling will be in the Copper Zone area where volcanogenic massive sulphide (VMS) type mineralization has been intersected in 5 drill holes over a 400 metre strike length and up to 120 metres down-dip.
ô Atna can earn a 60% interest in the San Antonio I Concession from
Energold Mining Ltd. by completing US$3 million in exploration and paying Energold US$300,000 in shares over a four year period. Atna has completed the second option payment by issuing the equivalent of US$40,000 in Atna shares.
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Contact:
ATNA RESOURCES LTD.
Peter DeLancey, President or
Michael Williams, Investor Relations, 604/684-2285
Fax (604) 684-8887
E-mail: atna@atna.com
atna.com
or
ENERGOLD MINING LTD.
Walter Sellmer, President or
Keith Schaefer, Investor Relations, 604/681-9501
Fax: (604) 681-6813
E-mail: keith@energold.com
energold.com |
