Atna Resources Ltd. -- Fox Claims, Southeast Yukon.VANCOUVER, British Columbia--(BUSINESS WIRE)--June 4, 1998--Atna Resources (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATNAF)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ATN ATN Acute tubular necrosis, see there .) is pleased to announce an agreement with Cominco Ltd. for the option/joint venture of Cominco's Fox Property located in southeast Yukon. The Fox claims are contiguous with the Wolf Property where Atna is earning a 65% interest from YGC YGC Yale Glee Club YGC Yahoo Geocities Resources. Last fall Atna's discovery hole intersected 25 metres of massive sulphide grading 6.9% zinc, 2.8% lead and 138.6 g/t silver on the Wolf Property and has an aggressive exploration program planned for this year. The Fox claims cover the northwest extension of the favourable massive sulphide/barite unit located on the Wolf Property. Results from an airborne EM/Mag survey carried out over the properties in 1997 show attractive conductors on the Fox claims. Atna can earn a 49% interest in the Fox Property by completing $1 million in exploration expenditures (including 4,000 metres of drilling) over 4 years. Atna can increase its interest to 80% in the property by spending an additional $1 million in exploration expenditures. Cominco can exercise an earn-back right by spending two times Atna's expenditures in excess of $1 million. Atna has committed to spend a minimum of $150,000 on the property this year. Exploration will commence on the Wolf Project this month. A diamond drill is on-site. The overall exploration budget for this attractive belt of volcanic rocks rocks which have been produced from the discharges of volcanic matter, as the various kinds of basalt, trachyte, scoria, obsidian, etc., whether compact, scoriaceous, or vitreous. See also: Volcanic is $900,000. CONTACT: Atna Resources Ltd. Peter DeLancey, President Michael Williams, Investor Relations Investor relations The process by which the corporation communicates with its investors. Tel: 604/684-2285 E-mail: atna@atna.com www.atna.com INDUSTRY KEYWORD: MINING/METALS |
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