Atna Resources Ltd. (ATNAF) jumps on picking up Nevada mine

Posted on: August 11th, 2011
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Atna Resources Ltd. (OTCBB:ATNAF) climbed 14% to 74.16 cents Thursday, on the acquisition of the Pinson Gold Mine in Nevada. Volume for the stock was nearly 550,000 shares, compared to a daily average of less than 29,000.

A news release out August 11 spelled out some of the details of the Asset Purchase and Sale Agreement with Pinson Mining Company, a subsidiary of Barrick Gold Corporation, to acquire PMC’s 70% interest in the Pinson Mine, located in Humboldt County, Nevada. On closing, Atna will also sign a non-exclusive Ore Milling and Gold Purchase Agreement with an affiliate of PMC allowing for processing of Pinson Mine ores at Barrick’s Goldstrike processing facilities.

The same release quoted CEO James Hesketh as saying “Unlocking value from the Pinson Mine has been a stated goal for the Company. By consolidating control of this project in Atna, we believe that the Company will be able to achieve this goal. This acquisition gives Atna 100% control of a high-grade gold resource located on the prolific Getchell gold belt of northern Nevada.”

Hesketh continued, “At a cost of approximately $15.50 per gold resource ounce acquired, not including the value of lands swapped, we believe that this transaction provides significant accretive value to Atna’s shareholders. In addition to the near term gold production potential, we believe that Pinson has substantial potential for resource expansion. We also welcome Barrick as a significant new shareholder of Atna as a result of this transaction.”

This acquisition will consolidate Atna’s ownership of the mineral resources at the Pinson Mine. Atna is headquartered in Golden, Colorado.

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Buckingham Exploration (BUKX) acquires option for 100 percent gold/silver property

Posted on: August 25th, 2010
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Buckingham Exploration (OTCBB: BUKX) announced today that the Company has optioned the Dome Property Mineral Claims in the Beaverdell Mining Camp, which is located in South Central Vancouver Island. Buckingham has acquired this option through its wholly-owned subsidiary, 0887717 B.C. Ltd.

Buckingham Exploration is an exploration stage company focused on the acquisition and exploration of mineral resources in North America, and through its subsidiary, has agreed to pay a total of $6,000 in cash and to grant an option to purchase shares of its common stock in consideration for the exclusive right to acquire a one hundred percent undivided interest in the claims. In addition, Buckingham has to incur not less than $10,000 in expenditures on exploration and development of the Property before September 30, 2010.

The Dome Property Mineral Claim is comprised of sixteen mineral claims covering approximately 360 hectares (890 acres), located four kilometers southeast of Beaverdell, British Columbia, in the heart of the historic Beaverdell Mining Camp. The Dome Project Mineral claims cover the historic workings of the Nepanee Prospect that was worked intermittently between 1904 through 1935 and is easily accessible by a network of well maintained logging roads and has a major power line traversing the Project.

The Company’s forecasted 2010 exploration program will be to explore and evaluate all of the mineralized shear zones that cross the Dome property in order to establish the most favorable drill targets to commence drilling.

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