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Re: News Releases - Thursday, January 15, 2009
Atna Resources Receives Notice of Completion of $30 Million
Expenditure at Pinson
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Golden, CO -- Atna Resources Ltd. ("Atna") -- (TSX:ATN), reports that
it has received notice from Pinson Mining Company ("PMC"), a subsidiary
of Barrick Gold, that it has completed the required $30 million
expenditure at the Pinson property. Under the terms of the Exploration
Agreement with Option for Mining Venture ("Agreement") between PMC,
Atna Resources Inc. and Atna Resources Ltd., dated August 14, 2004,
fulfillment of this expenditure entitles PMC to increase its interest
in the Pinson project from 30% to 70%, thereby reducing Atna's interest
from 70% to 30%. Atna has not reviewed the earn-in expenditure
details, yet to be provided by Barrick, to confirm fulfillment of the
requirements of the Agreement.
Under the follow-up terms of the Agreement, PMC and Atna shall enter
into a joint venture agreement within 90 days and PMC, the operator,
shall propose an initial work program and budget within 30 days after
closing of the joint venture agreement. PMC has advised that it intends
to spend the first few months analyzing the exploration data generated
through past expenditures and will consider the merits of moving
forward with additional work at the property. "We look forward to
finalizing our joint venture and working with PMC to develop this
project", states James Hesketh, President and CEO.
Forward-looking statements:
This press release contains certain "forward-looking statements," as
defined in the United States Private Securities Litigation Reform Act
of 1995, and within the meaning of Canadian securities legislation,
relating to the status of work programs and budgets at the Pinson Gold
Project. Forward-looking statements are statements that are not
historical fact. They are based on the beliefs, estimates and opinions
of the Company's management on the date the statements are made and
they involve a number of risks and uncertainties. Consequently, there
can be no assurances that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors that
could cause future results to differ materially from those anticipated
in these forward-looking statements include: the risk that the Company
will encounter unanticipated geological factors, the Company's need for
and ability to obtain additional financing, the possibility that the
Company may not be able to secure permitting and other governmental
clearances necessary to carry out the Company's mine development plans
that will prevent it from restarting mining operations at the Pinson
Gold Project, and the other risk factors discussed in greater detail in
the Company's various filings on SEDAR (www.sedar.com) with Canadian
securities regulators and its filings with the U.S. Securities and
Exchange Commission, including the Company's Form 20-F dated March 25,
2008.
FOR FURTHER INFORMATION:
Additional information on Atna Resources Ltd. and the Pinson Gold
Project is available on our website at www.atna.com or contact:
James Hesketh, President and CEO (303) 278-8464
Valerie Kimball, IR and Corporate Communications (303) 278-8464
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Copyright (c) 2009 ATNA RESOURCES LTD. (TSE:ATN) All rights reserved.
For more information visit our website at http://www.atna.com/ or send
mailto:info@atna.com
Message sent on Thu Jan 15, 2009 at 6:10:10 AM Pacific Time
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Atna Resources Ltd
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PRODUCTEUR |
CODE : ATN.TO |
ISIN : CA04957F1018 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Atna Resources est une société développant des projet miniers de zinc et d'or basée au Canada. Atna Resources est en développement de projets de zinc, d'or, d'argent, de cuivre et de plomb au Canada, et détient divers projets d'exploration au Canada. Son principal projet en production est BRIGGS en USA, son principal projet en développement est WOLVERINE au Canada et ses principaux projets en exploration sont KENDALL GOLD MINE, CONVERSE, ATLANTA (NEVADA), MOUNT EDNA, CLOVER, WOLF PROPERTY, TRAM PROSPECT, SAND CREEK JV, TREE PROPERTY, WHITE BULL, BEOWAWE, TY, UDUK, JARBRIDGE, ECSTALL PROPERTY, CONVERSE & SAND CREEK URANIUM, TRIPLE JUNCTION, GOLDTOOTH - BRIGGS, SEVEN-UP PETE GOLD, COLUMBIA PROPERTY, REWARD PROPERTY, PINSON, MT. EDNA et MCDONALD au Canada et CACHINAL et CELESTE au Chili. Atna Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 10,6 millions CA$ (7,7 millions US$, 7,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 2,56 CA$, et son plus bas niveau récent le 29 décembre 2015 à 0,05 CA$. Atna Resources possède 212 090 000 actions en circulation. |