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


To: Michael M. Cubrilo who wrote (411)3/22/1999 10:47:00 AM
From: George Castilarin  Respond to of 509
 
Your guess is as good as mine, but the stock has crept up to 0.94 on mod to low volume. I'm going to sit tight for a few more days.



To: Michael M. Cubrilo who wrote (411)3/28/1999 12:04:00 PM
From: George Castilarin  Respond to of 509
 
High Grade Copper Property in Alaska Optioned
Vancouver, B.C. (March 25, 1999) - Atna Resources Ltd.
is pleased to announce that it has concluded an agreement
whereby it can earn a 100% interest, subject to a 2% NSR,
on the Caribou Dome property in Alaska.
Terms of the agreement call for Atna to make exploration
expenditures of US$1 million and cash payments of
US$115,000 over a four year period. The 2% NSR can be
purchased at any time for US$2.5 million. The Caribou Dome
property is accessible by road and is located near a major
highway in south-central Alaska. The property hosts stratiform
copper mineralization that is geologically similar to the
Kupferschiefer deposits in Europe and the Zambian copper
belt deposits in Africa. The property was explored in the late
1960's but little work has been done since then. Previous work
consisted of surface trenching, percussion and diamond drilling
and underground development. A total of 34,074 feet of drilling
from 224 surface and underground holes and 2,900 feet of
underground drifting for exploration drilling was completed.
This work outlined an indicated resource of 550,400 short tons
grading 5.8% copper, based on calculations by previous
operators. Metallurgical testing in the early 1970's indicated
that a combination of high recovery and high-grade concentrate
would be difficult to produce; however, improvements in grinding
and metallurgical technologies over the last two decades have
done much to alleviate this concern. The estimated resource is
contained in 3 of the 9 known sulphide lenses that outcrop over
a 2,400 foot strike length. The mineralized system is open along
strike and down-dip. The deepest drill hole on the property cut
50.6 feet (40 feet true thickness) of mineralization grading
7.01% copper, 800 feet below surface. The host stratigraphy
continues for 1,000 feet to the northwest and for up to 7,000 feet
to the southeast, and has received very little work in the past.
A program of geology, geochemistry, detailed geophysics and
diamond drilling is anticipated for the 1999 field season, which
will begin in June.Atna Resources Ltd. is a Canadian mineral exploration
company with a proven track record for making discoveries.
Atna is currently drilling on the San Antonio I Concession
in the Dominican Republic and is finalizing exploration plans
for the 65% owned Wolf, and 40% owned Wolverine, projects
in the Yukon. Atna trades on the Toronto Stock Exchange under
the symbol ATN and has a treasury of approximately C$15 million.
- 30 -For further information contact:
ATNA RESOURCES LTD.Peter DeLancey, President or
Michael Williams, Investor RelationsTel: (604) 684-2285; Fax (604) 684-8887
E-mail: atna@atna.com<http://www.atna.com>



To: Michael M. Cubrilo who wrote (411)4/8/1999 9:32:00 PM
From: George Castilarin  Read Replies (2) | Respond to of 509
 
From Todays Financial Post

In base metals, team member Wendel Zerb, a mining analyst, says it could be some time before investors' enthusiasm for major base metals companies such as Cominco Ltd. (CLT/TSE) $21.10 ($25.60–$13.50) and Inco. Ltd. (N/TSE) $19.70 ($27.85–$12.50) filters down to the smaller base metals explorers, but “there are several under-valued, overlooked companies that represent excellent long-term value,” says Mr. Zerb. He recommends:
Atna Resources Ltd. (ATN/TSE) 82¢ ($1.35–50¢). The Vancouver-based company “is cash rich with some $15-million to spend on exploration in both North and South America,” says Mr. Zerb. It's recent progress at its zinc property in the Dominican Republic, in which it has a 60% stake, has stirred some interest. Atna also owns 40% of the Wolverine deposit and 65% of the nearby Wolf property in the Yukon.
With 75¢ a share in cash, and an interest in these three base metals assets, Atna represents one of the best values in the junior mining sector.” His 12-month target is $2.