Atna Resources Signs Pinson Joint Venture Agreement

GOLDEN, CO - Atna Resources Ltd. reported that it has entered into a Mining Venture Agreement ("MVA") for the Pinson gold project in Humboldt County, Nevada, with the Pinson Mining Company (PMC), a Nevada general partnership comprised of Homestake Mining Company of California and Barrick Holding Company of California, both subsidiaries of Barrick Gold Corporation. Under the MVA, Atna will own a 30 percent equity interest in the joint venture and PMC will own 70 percent. PMC will manage the project.
PMC recently concluded the expenditure of US$30 million at Pinson to earn its 70 percent equity position. The results of that work are being evaluated to determine the feasibility of development and a future work plan on the project. The property has been placed on care and maintenance while the technical study is completed and until a decision is made concerning the future of Pinson. Dewatering of the underground facilities will continue during this decision period to protect the partners' investment and facilitate re-start, when warranted.
The company’s address is 14142 Denver West Parkway, Suite 250, Golden, CO 80401,
303-278-8464, fax: 303-279-3772.