Atna Increases Gold Resources at Briggs Mine
Atna Increases Gold Resources at Briggs Mine
GOLDEN, CO – Atna Resources Ltd. reported an increase in gold resources at its Briggs Mine, Inyo County, California, based on a recently completed mineral resource estimate. The updated estimate incorporating recent drilling has resulted in an increase in Measured and Indicated gold resources by 11% to approximately 678,815 contained ounces of gold (0.006 oz/ton gold cut-off). Additionally, the Inferred gold resource increased by 34% to approximately 265,228 ounces of contained gold (0.006 oz/ton gold cut-off).
"This latest round of drilling adds significantly to the mine’s gold resource base and our discovery costs remain low at approximately $7.50 per resource ounce. Mine plan revisions are underway utilizing the new resource block model, which may lead to either increased annual production or a longer mine life for the project," states Jim Hesketh, President and CEO of Atna.
Gold production at the Briggs Mine commenced in May and is on track to ramp up to a 40,000 ounce per year rate by the end of 2009. The mine produced 2,782 ounces of gold in May and June of the second quarter of 2009 and 1,756 ounces in July.
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