I bought ATN. I like the news but mainly I had watched it come down way to low.Owned it previously.Good properties in good locations.Like the mgmt and price.Stock got pummeled good when Barrick backed into Pinson.But ATN was sure right about Pinson.
Atna Resources receives regulatory nod to drill Jarbidge
2006-06-27 09:16 ET - News Release
Ms. Deanna McDonald reports
ATNA OBTAINS DRILL PERMITS AT JARBIDGE
Atna Resources Ltd. has received the United States Forest Service's approval to commence drilling at the Jarbidge project in Elko county, Nevada. Atna is in the process of posting the required reclamation bonding for the program allowing Atna to drill up to 33 drill sites with multiple drill holes at each site totalling 6,000 to 7,000 feet of diamond drilling. Drilling will be focused on evaluation of the main district where initial surface sampling and mapping have identified numerous drill targets.
The project is centred on the historic gold district of Jarbidge where over 350,000 ounces of gold and 1.2 million ounces of silver were produced prior to 1937. Gold and silver mineralization is hosted by Tertiary rhyolitic volcanoclastics and lavas associated with the Jarbidge volcanic centre. Mineralization may be characterized as a low-sulphidation, epithermal bonanza vein system with similarities to the Ken Snyder mine in the Midas district of Elko county, Nevada (operated by Newmont Mining). Atna will be targeting the quartz-adularia vein and vein systems that were prospected and/or developed early in the last century that have received no modern exploration effort. Atna's mapping, sampling and historic data compilation have identified over 55,000 linear feet of veins and/or altered fault zones representing drill target areas. Surface samples from the Pick and Shovel area have returned gold assays up to 1,000 grams per tonne gold and 1,205 grams per tonne silver from select samples of quart-adularia veining. Other areas targeted for initial drill testing include the Bluster mine area (surface sampling returned up to 13.6 grams per tonne gold) and the Buckeye mine (surface samples up to 41.3 grams per tonne gold and 73.1 grams per tonne silver).
David Watkins, Atna's president and chief executive officer, stated: "It has been a prolonged process to permit the Jarbidge property for an initial drill test of the property. However, the project's high-grade surface samples, past gold and silver production, and multiple vein targets make the project a standout in Atna's property portfolio. We look forward to getting the drill turning this summer on this exciting exploration opportunity."
This press release was prepared under the supervision and review of William Stanley, vice-president of exploration of Atna, a licensed geologist and qualified person with the ability and authority to verify the authenticity and validity of information contained within this news release. All analytical results in this news release are from samples prepared and assayed by ALS Chemex in Reno, Nev., an independent ISO certified analytical laboratory. All gold analyzes were completed using standard fire assay methods with appropriate replicate and analytical standards to ensure high quality control and quality assurance.
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