This came out from Canaccord this morning:
ATNA RESOURCES LTD ("ATN-T;") Option / Joint Venture Agreement on
several mineral properties in the Temagami area of Ontario. The
properties, are underlain by Archean volcanic and sedimentary rocks
similar to those hosting Falconbridge's large polymetallic Kidd Creek
Mine near Timmins. The most significant geophysical target is on the
Kibble Lake grid where a strong coincident EM/mag anomaly was
identified. The EM response is extremely conductive and the source is
interpreted to be a massive sulphide body. Drill testing of this
priority target will commence this week. Atna can earn up to a 60%
interest in the Temagami properties by spending $1.5 million over 6
years. Falconbridge can back-in to 50% by spending $1 million for an
additional 10% interest. MC - Good strategy for Atna with $20M cash.
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