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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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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : ATN.TO |
ISIN : CA04957F1018 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Atna Resources is a zinc and gold development stage company based in Canada. Atna Resources develops zinc, gold, copper, lead and silver in Canada, and holds various exploration projects in Canada. Its main asset in production is BRIGGS in USA, its main asset in development is WOLVERINE in Canada and its main exploration properties are 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 and MCDONALD in Canada and CACHINAL and CELESTE in Chile. Atna Resources is listed in Canada and in United States of America. Its market capitalisation is 2.4 millions as of today (US$ 1.7 millions, € 1.6 millions). Its stock quote reached its highest recent level on December 29, 2006 at 2.56, and its lowest recent point on December 29, 2015 at 0.05. Atna Resources has 47 442 200 shares outstanding. |