Atna Commences Mining Gold Ore at Briggs
posted on Jan 28, 2009 06:07PM
Dedicated to responsible gold production and the creation of sustainable value for shareholders
|Wed Jan 28, 2009
Atna Commences Mining Gold Ore at Briggs
|Golden, CO - Atna Resources Ltd. ("Atna") - (TSX:ATN) is pleased to announced that it has commenced the mining and stockpiling of gold ore at the Briggs Mine in Inyo County, California. Operations at the mine are currently on track to commence gold production in mid April 2009. The status of operations is as follows:
BRIGGS MINE DRILL HOLE RESULTS
The previously reported NI 43-101 compliant Technical Report dated May 2008 estimated that the Briggs Mine had a proven and probable reserve of 151,000 ounces of gold grading 0.034 ounce per ton gold. Additionally, Briggs contains an estimated 532,500 ounces of measured and indicated resource grading 0.027 oz/ton gold and an inferred resource of 314,000 ounces grading 0.044 ounce per ton gold. This Technical Report was completed using a $500 per ounce gold price. The updated optimization study, will use a higher gold price outlook and additional drill hole information, and will increase these reserves.
Analytical results contained within this press release were completed by standard fire assay methods with an atomic absorption or gravimetric finish by Inspectorate America Corporation, an ISO certified, commercial analytical laboratory located in Sparks, Nevada. Atna maintains a rigorous Quality Assurance - Quality Control program utilizing both certified gold standards and blanks to augment Inspectorate's internal QA/QC program. 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 additional information on Atna Resources and the Briggs Project, please visit our website at www.atna.com.
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 possible improvements to the outcome of an ongoing optimization study, and the Company's plans to restart mining operations at the Briggs Mine based on technical reports compliant with Canadian NI 43-101. 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 Company might encounter problems such as the significant depreciation of metals prices; accidents and other risks associated with mining exploration and development operations; 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 Briggs Mine; 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, CONTACT:
James Hesketh, President and CEO - (303) 278-8464
Valerie Kimball, Investor Relations - toll free (877) 692-8182