It will be worth it in the long run at these prices.
Cheers,
Blake
Wolf Deposit Expanding
Vancouver B.C. (July 8, 1998) - Atna Resources Ltd. and
YGC Resources Ltd. are pleased to announce that the first
10 drill holes (totaling 2,240 metres) of the 1998 program
have intersected massive sulphide mineralization and
extended the size of the deposit. Assay results from these
holes are pending.
Drill holes WF 98-16 and 98-17 were drilled 75 metres
down-dip from WF 97-15 and 97-14, respectively, and
intersected 1.5 to 2.6 metre widths of massive sulphide
mineralization. Drill hole WF 98-19 tested the westerly
down-dip extension under WF 98-16; results indicate
the deposit pinches out against a fault in this area.
Drill hole WF 98-18 intersected a relatively narrow zone
of mineralization up-dip from WF 97-14. Holes
WF 98-20 and 21 were drilled between WF 98-16 and
18 and intersected massive sulphide mineralization over
widths of 11.7 and 6.0 metres. Holes WF 98-22 and 23
were drilled in an easterly up-dip direction from the
discovery hole WF 97-07, both holes intersected a 3
metre thickness of massive sulphide mineralization.
Holes WF 98-24 and 25, drilled in an easterly down-dip
direction from WF 97-07, intersected 10.5 and 19.2
metres of massive sulphide mineralization. These holes
are significant in that they demonstrate a continuation
of massive sulphide mineralization encountered in
WF 97-07 for 150 metres in the easterly down-dip
direction.
Since discovery in late 1997, the Wolf Deposit has
been intersected by a total of 19 holes, indicating
a strike length of 500 metres and a down-dip
length of approximately 350 metres. The deposit is
open along strike and down-dip.
Geological, geochemical and geophysical surveys
have commenced on the Fox, Fire, Ice, Mamu,
and Tree properties in this under-explored belt of
Mississippian volcanic rock. Atna has an option to
earn a 65% interest in the Wolf Property from YGC.
The 1998 exploration budget for the Wolf Deposit
and other properties in the belt is $1 million.
A map showing the location of the Wolf Deposit
holes is available upon request.
Atna Resources Ltd. is a Canadian mineral exploration
company with a track record for discovering significant
massive sulphide deposits, including the high-grade
Wolverine Deposit. Atna trades on the Toronto Stock
Exchange under the symbol ATN and has a treasury
of approximately C$ 17 million. |
