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

To: BRILLO who wrote (325)	9/16/1998 11:16:00 AM
From: jean paul sauvT	Respond to of 509

ate: Wed, 16 Sep 1998 06:26:21 -0700 From: newsout@canada-stockwatch.com Subject: Stockwatch: Atna Resources Ltd - News Release To: jpsauve@videotron.ca X-Mailer: <WinNT's Blat ver 1.5> Drill program completed on Wolf property Atna Resources Ltd ATN Shares issued 20,203,788 Sep 15 close $0.65 Wed 16 Sept 98 News Release Also YGC Resources Ltd (YGC) Mr. Peter DeLancey reports The 1998 drill program on the Wolf property has been completed. A total of 6,625 metres (21,730 feet) were drilled in 30 holes. Results for holes WF98-16 to 25 have been released previously; results for holes WF98-25 to 40 are tabulated below. Additional drill hole assay results will be released when available. Drill hole WF98-26, which intersected the deposit 75 metres down dip from WF98-25, returned grades of 6.3 per cent zinc, 1.4 per cent lead and 71.8 g/t silver over a true thickness of 5.2 metres. Holes WF98-27 and 28 were drilled on the western, up dip area of the deposit and intersected thick intervals of low grade massive sulphide mineralization in the main lens and more moderate grades and thicknesses in the footwall zones. WF98-30, 31 and 32 form a fence of 50 metre spaced drill holes to test the eastern and down dip area of the Wolf deposit. All three holes intersected massive sulphide mineralization that is generally characterized by higher lead and silver grades with lower zinc values. The sulphide mineralization is diluted by the presence of barite which typically forms a discrete zone below the sulphides in other holes. It is possible that these features indicate proximity to the original vent area and that the mineralization in this area formed on a slight paleo-topographic high. The deposit in the area of these holes, as well as WF98-25 and 26, is in a down dropped fault block that has been displaced 65 metres downwards from the rest of the deposit. Hole WF98-35 approximately 60 metres east of WF97-10 showed an improvement from the WF97-10 intersection and indicates that the deposit is open to the east. Drill hole WF98-33 was the first hole to successfully test the East Slope mineralized area which is 1,200 metres along strike east of the Wolf deposit. This hole intersected a 140 metre thick sequence of mineralized felsic pyroclastic rocks including three massive sulphide zones. The upper zone correlates with the main Wolf deposit, while the other zones are probably correlative with the two Wolf footwall zones. The presence of these three mineralized zones within a sequence of intensely altered and mineralized wall rocks indicates significant exploration potential for the intervening area between the Wolf deposit and the East Slope zone. WF98-34 was drilled approximately 60 metre down dip from WF98-33 and intersected two narrow mineralized zones; the lowermost zone is truncated by a trachyte sill. Additional drilling will be required to determine the potential of the East Slope area. Drill holes WF98-38, 39 and 40 were drilled down dip in the east-central area of the Wolf deposit and confirm that the higher grade core of the deposit extends downwards with a slight, easterly rake. These three holes intersected strong massive sulphide mineralization with WF98-39 intersecting the thickest interval. The Wolf deposit has a strike length of 600 metres and a down dip length of approximately 450 metres. Overall, the drill results demonstrate good continuity of the sulphide deposit which remains open for further testing next year. Hole ID From To Zn Pb Ag (%) (%) (g/t) WF98-25 196.9 214.7 7.96 2.62 123.4 WF98-26* 228.6 234.4 6.32 1.43 71.8 WF98-27 72.2 76.5 2.68 0.39 8.3 128.0 130.4 3.25 0.84 28.6 WF98-28 93.3 98.4 2.32 0.92 17.7 100.5 104.7 3.82 0.66 13.7 WF98-29 abandoned in a fault zone WF98-30 239.1 240.1 2.84 5.15 206.7 WF98-31 243.0 246.4 3.31 2.96 149.3 WF98-32 288.5 290.2 2.87 0.77 27.8 WF98-33 123.2 127.2 4.63 2.12 30.0 WF98-34 112.7 113.4 9.24 1.15 57.9 WF98-35* 168.4 170.7 5.40 1.10 78.1 WF98-36 40.5 45.7 2.96 0.92 33.1 WF98-37 analyses pending WF98-38* 225.8 230.6 7.42 0.13 18.0 WF98-39 257.0 269.9 8.41 0.91 46.1 WF98-40* 298.6 304.3 6.19 0.51 58.9 * Denotes values converted from geochemical ICP analysis; assay data are pending. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com