Atna Resources Ltd. (ATN.TO) reported head grade assay results
from the Mag Pit metallurgical drilling program at its Pinson Mine
near Winnemucca, Nevada.
In May and June of this year, Atna completed four large diameter
core holes to confirm continuity of mineralization and to acquire
metallurgical sample materials from the potential open pit resource
in the Mag Pit area of the property.
The Mag Pit zone is separated from the underground mine and may
be developed independently after permitting is completed. Head
assay results confirm the grade and continuity of the modeled
resource and will provide sample material for the metallurgical
work which is underway, as part of a prefeasibility study.
"This drilling was successful in confirming strong continuity of
the gold resource remaining in the Mag pit," said Atna's President
& CEO, James Hesketh. "Gold was previously produced from the
Mag pit by conventional open pit, heap leach methods. Production
ceased in 1999 due to low gold prices. Information from this
metallurgical study program will be utilized to confirm past
results and to provide additional data for process design. A
reputable engineering firm has been retained to complete a
pre-feasibility study to demonstrate the potential economic
viability of developing an open-pit heap leach operation at Pinson.
The study is targeted for completion in the first half of
ATN shares fell 6% to $1.20 on higher than average volume of
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