PACIFIC BAY MINERALS, LTD-More than its name, No Pac-Rim! Message Board

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Gold/Mining/Energy : PACIFIC BAY MINERALS, LTD-More than its name, No Pac-Rim!

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Jan 9 9:30 AM EST

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To: Chuca Marsh who wrote (156)	6/4/1998 9:27:00 AM
From: Chuca Marsh	of 176

ATN- Wolf Property of Pacific Bay / Cominco ( @ Finlayson Lake) is in the news today: Atna Resources Ltd. -- Fox Claims, Southeast Yukon Business Wire - June 04, 1998 09:18 %ATNA-RESOURCES ATNAF ATN. %MINING %METALS V%BW P%BW -------------------------------------------------------------------------------- VANCOUVER, British Columbia--(BUSINESS WIRE)--June 4, 1998--Atna Resources (OTCBB:ATNAF)(TSE:ATN.) is pleased to announce an agreement with Cominco Ltd. for the option/joint venture of Cominco's Fox Property located in southeast Yukon. The Fox claims are contiguous with the Wolf Property where Atna is earning a 65% interest from YGC Resources. Last fall Atna's discovery hole intersected 25 metres of massive sulphide grading 6.9% zinc, 2.8% lead and 138.6 g/t silver on the Wolf Property and has an aggressive exploration program planned for this year. The Fox claims cover the northwest extension of the favourable massive sulphide/barite unit located on the Wolf Property. Results from an airborne EM/Mag survey carried out over the properties in 1997 show attractive conductors on the Fox claims. Atna can earn a 49% interest in the Fox Property by completing $1 million in exploration expenditures (including 4,000 metres of drilling) over 4 years. Atna can increase its interest to 80% in the property by spending an additional $1 million in exploration expenditures. Cominco can exercise an earn-back right by spending two times Atna's expenditures in excess of $1 million. Atna has committed to spend a minimum of $150,000 on the property this year. Exploration will commence on the Wolf Project this month. A diamond drill is on-site. The overall exploration budget for this attractive belt of volcanic rocks is $900,000. CONTACT: Atna Resources Ltd. Peter DeLancey, President Michael Williams, Investor Relations Tel: 604/684-2285 E-mail: atna@atna.com www.atna.com INDUSTRY

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