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


To: Bob Fairchild who wrote (193)12/16/1997 1:03:00 AM
From: RJ2  Respond to of 509
 
For you people who are Atna fans and interested in the recent announcement with Falconbridge its fantasic news, but there's little company that trades on the ASE that holds the largest amount of land on the same anomoly. Flag Resources has a rig on site of one of Canada's largest visible surface showing and is set to drill it starting early January. Though I'm happy for your JV, Flag has already invested 6,000,000 dollars to date on its sole owned property, happy gouging Wanapeiti Fans!!



To: Bob Fairchild who wrote (193)12/16/1997 11:10:00 AM
From: Kent C.  Respond to of 509
 
This came out from Canaccord this morning:
ATNA RESOURCES LTD ("ATN-T;") Option / Joint Venture Agreement on
several mineral properties in the Temagami area of Ontario. The
properties, are underlain by Archean volcanic and sedimentary rocks
similar to those hosting Falconbridge's large polymetallic Kidd Creek
Mine near Timmins. The most significant geophysical target is on the
Kibble Lake grid where a strong coincident EM/mag anomaly was
identified. The EM response is extremely conductive and the source is
interpreted to be a massive sulphide body. Drill testing of this
priority target will commence this week. Atna can earn up to a 60%
interest in the Temagami properties by spending $1.5 million over 6
years. Falconbridge can back-in to 50% by spending $1 million for an
additional 10% interest. MC - Good strategy for Atna with $20M cash.

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