Meridian Gold Inc

Published : November 16th, 2007

Commences Drilling Atna's Clover Project

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Chile | Gold |
======================================================================
Re: News Releases - Friday, November 16, 2007
Meridian Gold Commences Drilling Atna's Clover Project
======================================================================

Vancouver, B.C. (November 16, 2007). Atna (TSX:ATN) is pleased to
announce that Meridian Gold Inc.(TSX:MNG, NYSE:MDG), began drilling on
Atna's Clover project, Elko County, Nevada, on November 14th. Yamana
Gold Inc. (TSX:YRI, NYSE:AUY) currently owns approximately 90% of
Meridian Gold and is in the process of acquiring the balance of
Meridian shares not already own by way of a plan of arrangement.
Meridian informed Atna that a reverse circulation drill is targeting
high grade epithermal vein zones and structures in the southern portion
of the claim block. The holes will follow-up on previous high grade
drill intersections and explore new structural targets.

Meridian plans to drill approximately 12,000 feet in 11 holes and will
continue to work through the remainder of the fourth quarter 2007.
Atna's President and CEO, David Watkins, stated, "We are pleased that
Meridian has planned an aggressive drill program at the Clover project,
targeting high-grade mineralization typical of bonanza vein systems in
the area. Meridian has an impressive track record of discovery in a
similar geological setting at its El Pe��n mine in Chile and has an
experienced geologic team on the Clover project."

The Clover project is a low-sulphidation, vein-hosted, epithermal gold
prospect located in Nevada's Midas mining district within the
prospective Northern Nevada Rift. Clover's geologic setting is similar
to Newmont Mining's Ken Snyder (Midas) mine (1999 published reserves of
2.8 M tons averaging 34.7 g/t Au, 399 g/t Ag). Clover has several
targets that require follow-up work including a geophysical anomaly in
the Jake Creek structural corridor near the occurrence of high-grade
(30.9 g/t) gold bearing float and at the south end of the property
where high-grade gold intersections (25.3 g/t over 9.7m, 7.9 g/t over
7.6m, and 10 g/t over 3m) were identified from previous drilling.

Under the terms of the agreement Meridian can earn a 51% working
interest in the Clover project by making a cash payment of US$135,000
and exploration expenditures of US$300,000 in the first year, and
paying an additional US$500,000 and incurring exploration expenditures
of US$3,000,000 over the following three year period. Meridian can
earn an additional 19% interest by completing a pre-feasibility study
within 30 months of the initial earn-in.

This press release was prepared under the supervision and review of
William Stanley, V.P. Exploration of Atna, a Licensed Geologist, and
Qualified Person with the ability and authority to verify the
authenticity and validity of information contained within this news
release.

For further information and the forward looking statement, please visit
our website, www.atna.com, or contact:

ATNA RESOURCES LTD., Kendra Johnston, Investor Relations Manager &
Geologist
Tel: (604) 684-2285, E-mail: kjohnston@atna.com

======================================================================
Copyright (c) 2007 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 Nov 16, 2007 at 7:30:00 PM Pacific Time
======================================================================
.
Data and Statistics for these countries : Chile | All
Gold and Silver Prices for these countries : Chile | All

Meridian Gold Inc

CODE : MDG
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Meridian Gold is a gold producing company based in United states of america.

Its main exploration property is ESQUEL in Argentina.

Meridian Gold is listed in Canada and in United States of America. Its market capitalisation is US$ 3.6 billions as of today (€ 2.4 billions).

Its stock quote reached its lowest recent point on April 15, 2016 at US$ 0.09, and its highest recent level on November 17, 2016 at US$ 9 960.00.

Meridian Gold has 100 250 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Meridian Gold Inc
6/20/2006Follow up N° 19
Project news of Meridian Gold Inc
11/16/2007(Clover)Commences Drilling Atna's Clover Project
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
NYSE (MDG)TORONTO (MNG.TO)
35.50037.710
Last quotes and information before delisting
Prev close Open
36.08 36.06
Low High
35.50 36.44
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  35.50 -99.72%
Volume 1 month var.
181,500 -99.72%
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.85-1.01%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.78+4.52%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58-2.36%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 1.97-1.99%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 11.63+1.22%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.33+6.45%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.18+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.68+3.07%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 39.93-0.75%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.