Atna Reports Third Quarter Progress at Pinson Gold Project, Nevada



    GOLDEN, Colo., Oct. 31 /CNW/ -- Atna Resources Ltd. ("Atna") - (TSX:
ATN), is pleased to report activity at the Pinson Gold Mine in Humboldt
County, Nevada. Pinson Mining Company ("PMC"), a subsidiary of Barrick Gold,
spent US$5.0 million on drilling and development activities at Pinson in the
third quarter of 2008 bringing their total project-to-date expenditures to
US$18.2 million. PMC may earn a 70 percent interest in the project by spending
a total of US$30 million by April 6, 2009, which would result in Atna
retaining a 30 percent interest.
    PMC started work during the quarter on an internal resource estimate to
include all mineralization for both open pit and underground mining potential.
This work is to incorporate rigorous quality control checking of existing
drilling databases including twinning of questionable drill holes with new
drilling. At a later date, Atna may prepare an NI 43-101 compliant resource
estimate by validating the work completed by PMC. In addition, a preliminary
scoping level report on open pit slope angles was completed during the quarter
by Golder Associates with recommendations for further study. Construction of a
mineralized material stockpile area, settling ponds and associated pipelines
has commenced and are expected to be completed in November 2008. Additional
water rights are being obtained to facilitate further dewatering of the
resource zone for deepening of underground workings. A new underground mining
contractor has been retained and is in the process of mobilizing a crew and
equipment to the site.
    A total of eight drills were active on the property during the quarter:
two water well rigs, two surface RC drills, two surface diamond core drills,
and two underground core drills. The water well drills completed two
de-watering wells and started a third. The RC drills concentrated on drilling
pilot holes for the water wells, and drilling on the Range Front, MAG and CX
resource zones. The surface diamond drills targeted the Range Front, CX and
MAG zones, while the underground diamond drills are in-fill drilling on the
Ogee and Range Front zones. Forty seven drill holes were completed and five
were in progress at the end of the quarter. A total of 9,895 feet of RC
drilling and 17,122 feet of core were completed. Assay summaries were received
from PMC on 13 drill holes. Significant results from that drilling follows:



    
    Drill Hole No.  From      To    Length    Gold       Zone/Comment
                    (ft)     (ft)    (ft)    (oz/t)
    BRFC-036        840      855      15      0.601   RC water well pilot hole
      and           870      896      25      0.753
      and          1140     1340     200      0.567   Possible down-hole
                                                       contamination
    OG3-155-3        37       42       5      0.139   Ogee in-fill drilling
      and           165      173       8      0.215
    OG3-155-4       206.2    222.5    16.3    0.177   Ogee in-fill drilling
    OG4-155-2        97      109.5    12.5    0.583   Ogee in-fill drilling
      and           132.5    142.3     9.8    0.154
    OG5-155-2       152      181      29      0.582   Ogee in-fill drilling
    OG5-155-3A      175      187      12      1.02    Ogee in-fill drilling
    

    
    *Intercepts do not represent true widths.
    Qualified persons
    
    All sample preparation and gold assays in this press release were
completed by American Assay Laboratories in Reno, Nevada, an independent
analytical laboratory with a Certificate of Laboratory Proficiency PTP-MAL
from the Standards Council of Canada. Gold assays were completed by standard
fire assay methods with an atomic absorption finish or a gravimetric finish
for higher grade samples. Pinson Mining Company has instituted a rigorous
QA/QC protocol which includes certified assay standards and blanks,
replicates, and duplicate samples which bolsters American Assay's own internal
QA/QC program.
    This press release reports information provided by PMC which was reviewed
by William Stanley, V.P. Exploration of Atna, a Licensed Geologist and
Qualified Person who has the ability and authority to verify the authenticity
and validity of information contained within this news release. Assay
intercepts reported above are those reported by PMC to the company and PMC is
responsible for the content of this section of this news release.
    
    About Atna
    
    Atna Resources Ltd. is building a successful gold mining company
dedicated to responsible gold production and the creation of sustainable value
for shareholders, employees and communities. Atna's professional management
team is committed to integrity and creating a performance driven culture
dedicated to safety and environmental responsibility.
    Atna's gold development operations are well funded with over US$20
million cash on hand. The primary focus of the Company is the re-start of
mining operations and gold production at the Briggs Mine in Inyo County,
California, by the end of first quarter of 2009. In addition, the Company is
well advanced on permitting efforts at the Reward Gold Project near Beatty,
Nevada, and controls a 70 percent interest in the Pinson Gold Mine near
Winnemucca, Nevada. Atna controls the Columbia Gold Project in Montana and
enjoys a carried position in nine exploration ventures in North America and
Chile.
    
    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 and relating to
the timing of placing the Briggs Mine into operation. 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 above-reported new drill results data will ultimately
not contribute to an improved optimization study; the Company's consultants
will not be able to complete NI 43-101 compliant technical reports without
conducting significant additional investigations of the Company's property;
the Company might encounter problems such as the significant depreciation of
metals prices, changes in equity ownership, 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 Pinson Gold Project; and the other
risk factors discussed in greater detail in the Company's various filings on
SEDAR (http://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.
    Cautionary Note to U.S. Investors -- The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings with the
SEC, to disclose only those mineral deposits that a company can economically
and legally extract or produce. We use certain terms in this news release,
such as "resources," that the SEC guidelines strictly prohibit U.S. registered
companies from including in their filings with the SEC.

    
     FOR FURTHER INFORMATION:
     Additional information on Atna Resources Ltd. and the Pinson Gold Project
     is available on our website at http://www.atna.com or contact:
     James Hesketh, President and COO (303) 278-8464
     Valerie Kimball, Corporate Communications (303) 278-8464

    




For further information:

For further information: James Hesketh, President and COO, or Valerie
Kimball, Corporate Communications, both of Atna Resources Ltd.,
+1-303-278-8464 Web Site: http://www.atna.com

Organization Profile

Atna Resources Ltd.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890