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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Last updated on 12/8/2010 - Terms of Use
Risk and valuation analysis of the PINSON Project
Status Risk : Advanced discovery
Country Risk : Very Low
Title(s) of the PINSON Project
Atna Resources Ltd
Joint venture: 70%
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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%
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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%
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Franco Nevada Corp.
Net Smelter Return: 1%
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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
 
Location
Data last updated on : 1/15/2009
Disclaimer
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