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Gold/Mining/Energy : ATNA ( v.atn t.atn)

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To: SPRINGS who wrote (256)	5/27/1998 10:05:00 PM
From: Dave M	of 509

Here's the news release: Wednesday May 27, 3:18 pm Eastern Time Company Press Release Wolverine Deposit VANCOUVER, B.C.--(BUSINESS WIRE)--May 27, 1998--In response to today's press release announcing the intended sale by Boliden Westmin Limited of its 60% interest in the Wolverine Joint Venture to Expatriate Resources Ltd., Atna Resources Ltd. states that it is Boliden Westmin's joint venture partner and has a 40% interest in the Wolverine Project. The Wolverine Joint Venture Agreement between Atna and Boliden Westmin provides for a comprehensive right of first refusal in the event of the proposed disposition by either party of an interest in the Wolverine Property. Atna will require Boliden Westmin to strictly comply with the provisions of the Wolverine Joint Venture Agreement and will take all necessary and appropriate steps to ensure that Boliden Westmin complies with these provisions in the best interests of Atna's shareholders. The 6.2 million tonne Wolverine Deposit grading 12.7% zinc, 1.3% copper, 1.5% lead, 371 g/t silver and 1.76 g/t gold, is one of the richest massive sulphide deposits in the world. Recent studies by Westmin indicated that the presence of significant amounts of selenium in the concentrates would be a major concern with respect to the marketability of the concentrates to smelters. Atna has initiated scoping (pre-feasibility) studies, metallurgical (including hydrometallurgy) and marketing studies to advance the development of the Wolverine Deposit. Contact: Atna Resources Ltd. Peter DeLancey or Michael Williams, 604/684-2285 E-mail: atna@atna.com www.atna.com More Quotes and News: Atna Resources Ltd (Toronto:ATN.TO - news) Related News Categories: mining/metals

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