Atna releases more results from Wolf

In anticipation of a spring drilling program on the Wolf property in southeastern Yukon, Atna Resources (ATN-T) has staked, or optioned, an additional 314 claims in the immediate area.

Atna can earn a 65% interest in the Wolf property from owner YGC Resources (YGC-V) by spending $1.5 million over five years and paying $320,000 in cash.

To date, Atna has spent about $600,000 and made a cash payment of $20,000.

The property covers a 4.5-km strike length of altered felsic volcanic and sedimentary rocks that host stratiform volcanogenic barite-sphalerite-galena mineralization. It lies 65 km west of the Wolverine project, owned jointly by Atna and Westmin Resources (WMI-T), and 45 km west of Cominco’s (CLT-T) Kudz Ze Kayah project.

Atna recently announced it had discovered massive sulphides on the property.

Nine drill holes intersected massive sulphide mineralization over a strike length of 500 metres and a downdip length of 250 metres. Results from the final five holes of the program included 4 metres of true thickness grading 7.79% zinc, 1.81% lead and 63.2 grams silver per tonne from a downhole depth of 182 to 186 metres in hole 14.

The hole was collared 80 metres along strike to the northwest, and 150 metres downdip, of discovery hole 7, which intersected a previously reported true width of 25.2 metres grading 6.94% zinc, 2.78% lead and 138.6 grams silver at a downhole depth of 77.8 to 103 metres.

Holes 12 and 13 were also 80-metre stepouts along strike, to the northwest of the discovery hole. The two holes were collared from the same pad, northeast of hole 14. Hole 12 intersected a true thickness of 2.1 metres grading 5.2% zinc, 0.18% lead and 21.2 grams silver at a depth of 95.2 to 97.3 metres, whereas hole 13 pulled a 17.4-metre interval grading 1.1% zinc, 0.2% lead and 20.5 grams silver from 97.5 to 118.9 metres.

Hole 15, a 280-metre stepout along strike to the northwest of the discovery hole, intersected some of the most intensely altered footwall rocks reported to date, including a copper-bearing stringer zone. The hole returned a 13.9-metre true width grading 1.9% zinc, 0.1% lead and 13.8 grams silver (including 3 metres of 4.64% zinc, 0.12% lead and 11.8 grams silver) between a depth of 82 and 95.9 metres.

Hole 11 was drilled on the southeastern edge of the deposit, about 250 metres along strike from the discovery hole, and cut a 4-metre interval grading 1.54% zinc, 0.41% lead and 10.5 grams silver at 126 to 130 metres of depth.