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Gold/Mining/Energy : ENERGOLD (EGD.V) -- Ignore unavailable to you. Want to Upgrade?


To: Alex who wrote (54)9/29/1998 3:32:00 PM
From: keith schaefer  Respond to of 130
 
Nothing that I can talk about this week.



To: Alex who wrote (54)10/30/1998 1:36:00 PM
From: keith schaefer  Respond to of 130
 
Energold acquires Minera Hispaniola from
Battle Mountain

Energold Mining Ltd
EGD
Shares issued 14,340,394
1998-10-29 close $0.5
Friday Oct 30 1998
Also Battle Mountain Canada Ltd (BMC)
Mr. H. Walter Sellmer reports
The company has completed the purchase of all of the shares, the nsr royalties, the
shareholder loans and assets of Minera Hispaniola, S.A. from Battle Mountain
(Dominican Republic), a subsidiary of Battle Mountain Gold and Canyon
Resources Corporation.
The terms of the purchase, which were substantially reduced from those of the
original agreement signed in April 1995, include a purchase price of $100,000
(U.S.) (down from $500,000 (U.S.)); preproduction payments of $250,000
(U.S.) in each of the first and second years of commercial production from the
first property Energold places into production (extended from a single payment of
$500,000 (U.S.)) and 1 per cent nsr royalties, to a maximum total amount of
either $1 or $2-million (U.S.) (down from a maximum of 3 per cent nsr,
uncapped) on certain groups of properties, payable to Battle Mountain Gold (60
per cent) and Canyon Resources Corporation (40 per cent).
Minera Hispaniola, S.A., now wholly owned by Energold, is the holder of the
Centenario Exploration concession application, as well as the Majagual, Lechoso,
Los Pedregones and San Antonio I exploration concessions. These concessions
total 19,900 hectares and cover epithermal gold, porphyry copper-gold and
volcanogenic massive sulphide exploration targets in the Dominican Republic.
Since 1995, Energold has spent in excess of $3-million (U.S.) on exploration in
the Dominican Republic on behalf of itself and several other companies with which
it holds back-in or earn-in rights to a strategic land position in the country,
including, among others, the Longyear, Baritina, El Brujo and Rey Midas gold
targets.
The company has in excess of $2-million in its treasury, no debt and is well
positioned to pursue the continuing exploration of its strategic portfolio of
properties in conjunction with its joint venture partners, or on its own. Energold
continues, as well, to seek new opportunities elsewhere in Latin America.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com



To: Alex who wrote (54)12/8/1998 10:29:00 AM
From: keith schaefer  Read Replies (1) | Respond to of 130
 
Atna Resources Ltd. Options Energold's San Antonio I Concession
Exploration Program Underway

ATNA RESOURCES LTD. (ATN-T) and ENERGOLD MINING LTD. (EGD-V) announce that they are closing an agreement whereby Atna has the right to earn a 60% interest in Energold's San Antonio I exploration concession in the Dominican Republic.
To earn its interest Atna must spend US$3,000,000 over a four year period and pay Energold $US300,000 in Atna shares. Atna must spend at least US$200,000 on or before October 1, 1999 and pay Energold US$20,000 in Atna shares on final execution of the Option Agreement. Upon vesting the parties will continue exploration, and if warranted, the development of the concession under the terms of a Shareholders Venture Agreement to be finalized by December 31, 1998
An initial program of data compilation, grid preparation, test pitting, soil sampling, detailed mapping and IP surveying is now underway. Drilling will commence on completion of these surveys in January.
The San Antonio I concession is underlain by Maimon Formation quartz-sericite schists, chlorite schists, and tuffaceous sediments - the same sequence with contains the Cerro Maimon VMS deposit of Falconbridge (3.5 million tonnes of 4% copper, 2% zinc, 44 grams of silver 0.5 grams of gold per tonne) as well as several other VMS occurrences. Previous work on the San Antonio I concession identified a 6 kilometre by 600 metre gold, copper, lead, silver and barium anomaly in soils, co-incident IP chargeability and resistivity anomalies, and gold values in float, in the 1 - 5 grams of gold per tonne range.
Previous drilling on the property , consisting of four shallow holes, intercepted a 15.6 metre interval of massive to semi-massive sulphides grading 1.18% copper, 0.53% copper, 0.53% zinc, 9 grams silver and 0.7 grams gold per tonne near a quartz-sericite, sediment contact and 1.4 meter interval grading 0.894% copper, 4.8% zinc, 13.1 grams silver and 0.4 grams gold per tonne in a second hole at the same contact.
Atna, who are recognized for their exploration expertise in volcanogenic massive sulphide (VMS) deposits, are focusing their efforts at the discovery of a VMS deposit with precious metal credits.

For further information contact
ATNA RESOURCES LTD. ENERGOLD MINING LTD.
Peter Delancey, President Walter Sellmer, President
Michael Williams, Corp Dev. Keith Schaefer, Corp Dev
Tel: 604-684-2285 Tel: 604-602-8125
Email: atna@atna.com Email: keith@energold.com
atna.com energold.com

Longyear will get drilled mid-January 1999. Atna is at San Antonio right now laying a grid on the NW corner of the property, where there is a prominent copper anomaly. They will likely trench in January. When the first round of drilling is done at Longyear, the drill will moved straight to San Antonio. Energold owns the drill so there is no time constraints.

EGD should be drilling non stop for 4-6 months on these two properties starting in January 1999. Lots of activity.