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


To: Steven Fischer who wrote (290)7/1/1998 1:19:00 AM
From: Blake  Respond to of 509
 

Wednesday, July 1, 1998

Atna wins court delay in tiff with Boliden
over Yukon mine

By PETER KENNEDY
Vancouver Bureau The Financial Post
Atna Resources Ltd. has won a temporary injunction from the Supreme Court of British Columbia
preventing partner Boliden Ltd. from transferring its interests in a rich Yukon metals find to
Expatriate Resources Ltd.
The dispute is over the Wolverine Lake polymetallic discovery, which is owned 60% by Toronto
metals company Boliden and 40% by Vancouver-based Atna.
Atna has argued Boliden's plan to exchange its stake in the property for Expatriate shares breaches
an earlier agreement giving Atna right of first refusal on Boliden's interest.
Yesterday, the court ruled Atna will have suffered irreparable harm if the sale of Boliden's interest to
Expatriate is completed.
As a result of the decision, Boliden cannot transfer its interest before the B.C. court makes a final
ruling in a summary trial, which will probably take place within the next three weeks.
Boliden shares (BOL/TSE) closed yesterday at $8, down 25›. Atna shares (ATN/TSE) rose 7› to
95›. Expatriate stock (EXR/Vse) fell 1› to 47›.



To: Steven Fischer who wrote (290)7/8/1998 4:31:00 PM
From: Blake  Read Replies (2) | Respond to of 509
 
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.