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PINSON Project
PINSON
Country
USA
Province
Nevada
Status
ADVANCED DISCOVERY
Mining Trend
Battle Mountain Eureka
Latitude / Longitude
41 N 23 / 117 W 11
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Gold -
Risk and valuation analysis of the PINSON Project
Status Risk : Advanced discovery
Country Risk : Very Low
Resource Risk : 34.00%
In situ value
3,084,126,531 $
Title(s) of the PINSON Project
Atna Resources Ltd
Joint venture: 70%
Title
Company Profile
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In April 2006, Pinson Mining Company notified Atna that it elected to back-in on the project under the terms of the agreement. The back-in requires PMC to spend US$30 million to continue exploration and development of the property by April 5th, 2009 to earn back to a 70% operating interest in the project.
Barrick Gold Corp.
Joint venture: 30%
Title
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Barrick Option • Spend US $30 M before April, 2009 • If spent: Barrick 70%, Atna 30%
International Royalty Corporation
Net Smelter Return: 3%
Title
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Franco Nevada Corp.
Net Smelter Return: 1%
Title
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Location of the PINSON Project
The Pinson Project, optioned in the summer of 2004, is Atna's lead project located at the intersection of the Getchell Gold Belt and the Battle Mountain-Eureka Trend in the heart of the Nevada Gold Province. Pinson is situated adjacent to Barrick Gold's Getchell and Turquoise Ridge Mines and 8 miles from Newmont's Twin Creeks Mine complex.
History of the PINSON Project
Pinson has produced nearly 1.0 million ounces of gold from oxidized zones within Cambrian sediments. As with the early production from other major Carlin gold systems, Pinson's past production was sourced from within the oxidized zone of the deposit
more...
Geology of the PINSON Project
Pinson is a Carlin-type gold system with micron-gold hosted in altered, fine-grained sedimentary rocks
Reserves and resources of the PINSON Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Mesured and Indicated
2,300,000
14.54
1 075 185
Inferred
3,100,000
11.66
1 162 121
Total
5 400 000
2 237 306
Definitions
Reserves and resources of the PINSON Project
Metal
Total
Reserves
Resources / Mineralized Material
Unit
In situ value
Proven
Probable
Proven and Probable
Mesured and Indicated
Inferred
Gold
2 237 306
1 075 185
1 162 121
oz
3 060 791 428 US$
Exploration and drilling
6/3/2013
Provides Additional Information on its Pinson Mine
5/29/2013
Modifies Operations at its Pinson Mine
2/5/2013
Receives Large Mine Expansion Permit for Pinson
12/11/2012
Drilling at Pinson Continues to Confirm High Gold Grades
11/15/2012
Pinson Open Pit Project Drilling Returns 0.098 oz/ton Au ove...
11/6/2012
Development Drilling at Pinson Returns 60 feet of 1.38 oz/to...
4/16/2012
Reports Progress on Development of the Pinson Mine
9/2/2011
Completes Acquisition of Pinson Gold Mine
8/11/2011
Acquires Pinson Gold Mine
4/9/2009
Signs Pinson Joint Venture Agreement
1/16/2009
Receives Notice of Completion of $30 Million Expenditure at ...
4/24/2008
REPORTS ACCELERATED DEVELOPMENT AT PINSON GOLD PROJECT
1/8/2008
Reports Progress at Pinson Gold Mine, Nevada
9/18/2007
Reports Work Underway at Pinson Project
7/3/2007
Reports Pinson Mining Company to Begin Work at Pinson Gold P...
Discoveries and Drilling Results
6/4/2009
Reports Additional Pinson Drill Results
7/11/2007
Increases Resource at Pinson
Location
Data last updated on : 1/15/2009
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