+ Energold Drilling Corp. - News Releases - San Antonio I Concession - Wed Aug 5, 2020

News Releases

 September 29, 2000
San Antonio I Concession

 The Company has been advised by Atna Resources Ltd. that Atna is terminating its option to earn a 60% interest in the San Antonio I concession in the Dominican Republic. Atna has indicated that at this point in time, the property and the terms of the Agreement do not align with its corporate objectives.

Exploration results from geochemical and geophysical surveys and approximately 4,620 meters of drilling in 26 holes has shown the presence of sulphide mineralization, including 3.4 meters of 5.88%Cu, 3.52%Zn, 85.7 gms/T Ag and 2.27gms/T Au, along a well defined VMS horizon. A soil geochemical anomaly accompanied by anomalous IP results defines the surface trace of the VMS horizon which extends almost six kilometers. Only a portion has been tested to date by drilling. Atna is completing a final report on its exploration activities, including recommendations for further work.

Atna was obliged to spend a further US$2.0 million and make option payments of an additional US$200,000 over the next two years to earn an interest.

More information can be found at Energold's website or by calling Energold.

On behalf of the Directors For further information please contact:

Walter Sellmer or
President Fred Davidson

The Canadian Venture Exchange has neither approved nor disapproved this news release.

900-543 Granville St.
Vancouver, B.C. V6C 1X8
Telephone: (604) 681-9501
Facsimile: (604) 681-6813

You can view the Next News Releases item: Tue Nov 21, 2000, Normal Course Issuer Bid

You can view the Previous News Releases item: Wed Jun 28, 2000, Kluane International Drilling Inc.

You can return to the main News Releases page, or press the Back button on your browser.

Show printable version of 'San Antonio I Concession' in a New Window