During a deep-penetration geophysical survey, several conductors showed coincident favourable geology and surface geochemical anomalies.
A few of the conductors are in areas of previously reported high-grade drill intercepts, and Atna says these may represent extensions to the mineralization along strike and downdip.
The drilling will test the Copper zone area, where volcanogenic-massive-sulphide-style mineralization was previously intersected in five holes over a 400-metre strike length and up to 120 metres downdip.
Atna stands can earn a 60% interest in the concession from Energold by spending US$3 million on exploration and paying Energold US$300,000 in shares over four years. Atna has just completed the second option payment by issuing the equivalent of US$40,000 in Atna shares.
In related news, Energold has completed a $150,000 non-brokered private placement consisting of 750,000 units priced at 20 each. A unit consists of one share and one share purchase warrant. Two purchase warrants entitle the owner to buy an additional share for 30 for one year. The shares and warrants are subject to a one-year hold period.
Energold will use the proceeds to continue exploration in Dominican Republic and elsewhere in Latin America.
Atna is also active in the Yukon, where it is exploring massive sulphide proejcts
Be the first to comment on "Atna and Energold drill San Antonio project"