According to this old news release the Wolverine deposit contains 72 million ounces of silver.
Blake
ATNA RESOURCES LTD. - 1998 DRILLING PROGRAMS
COMMENCE - WOLVERINE DEPOSIT CONTAINS 72 MILLION OZ
OF SILVER
VANCOUVER, BRITISH COLUMBIA--
Discussions are underway with Atna's joint venture partner Boliden Limited to
advance the Wolverine Deposit and address the metallurgical concerns,
particularly the high selenium content. The Wolverine Deposit has a mineral
resource of 6,237,000 tonnes grading 1.76g/t gold, 370.9g/t ( 11.7 oz per
tonne ) silver, 1.33% copper, 1.55% lead and 12.66% zinc.
In the fall of 1997 program Atna discovered a significant massive sulphide
deposit on the Wolf property located in southeastern Yukon . The discovery
hole WF 97-07 intersected massive sulphides over a true width of 25.2 metres
grading 138.6 g/t silver, 6.9% zinc, 2.8% lead. An airborne geophysical
survey has indicated several anomalies on Atna's extensive land position in
this favourable belt. An aggressive drill program is planned to test these
targets and follow-up on the Wolf drill intersections.
Drilling on the Atna / Falconbridge Limited, Temagami joint venture project
will commence in March. One drill hole was completed in December on an
outlying geophysical anomaly. The hole intersected iron formation rather
than massive sulphide mineralization. Approximately 5 drill holes will be
drilled in the main target area where previous exploration has indicated a
thick section of rhyolitic rocks with polymetallic mineralization and
coincident geochemical and geophysical anomalies.
A 5-hole, 1500 metre drill program is scheduled to commence this month on the
Loveland volcanogenic massive sulphide property located near Timmins,
Ontario. The property is underlain by felsic and mafic volcanic rocks of the
Abitibi greenstone belt that hosts several major deposits including the
nearby Kidd Creek ore body.
Atna is currently reviewing, for the purpose of acquisition, several
volcanogenic massive sulphide properties with high silver and zinc values.
Having both a high level of technical expertise and approximately $18
million in the treasury Atna is well positioned to capitalize on exploration
and development opportunities.
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For further information contact:
ATNA RESOURCES LTD.
Peter Delancey, President or
Michael Williams, Investor Relations
Tel: (604) 684-2285, E-Mail atna@atna.com
atna.com |
