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Gold/Mining/Energy : ATNA ( v.atn t.atn) -- Ignore unavailable to you. Want to Upgrade?


To: phoenix_investor who wrote (436)6/15/1999 11:19:00 AM
From: phoenix_investor  Read Replies (2) | Respond to of 509
 
AGM Report. Drills will be running on three properties this summer.

1999 exploration budget approximately $2-3 million, placing Atna in the top tier of all base metal mining exploration budgets this year. With $14 million in the bank, Atna is well positioned to weather the metal commodity price storm.

Peter Delancey stated that Atna's prime focus and budget direction this year is on properties which have company making potential, i.e. a new major find. Metallurgical work will continue on Wolverine.

San Antonio - Dominican Republic: Drilling should start this month following several months of additional study.

Cariboo Dome - Alaska: Drilling expected to start early August to expand 5.8% copper deposit. Atna can earn a 100% interest in this property.

Bonnifield - Alaska: Atna announced this a.m. that Atna will earn a 51% interest in this property and be the operator.

Serious discussions are ongoing to consolidate several deposits in the Wolverine area. This may also solve the selenium problem as the high grade Wolverine ore could be blended with other ores with a lower selenium content.

Stock option repricing proposal withdrawn from the agenda.

A positive meeting with the management team committed to projects which can multiply the present stock price.