As the company announced, it was by Pinson Mining Company (PMC), a subsidiary of Barrick Gold, informed that an expenditure has been incurred in the amount of $ 30 million for the Pinson property. According to an exploration agreement between PMC, Atna Resources Inc. and Atna Resources Ltd. of 14 August 2004 PMC thus entitled to increase its interest in the Pinson project from 30 to 70%. Atnas share of 70% to 30% decreases consequently.
PMC Atna and must close within 90 days, a joint venture. PMC within 30 days to present after the completion of the joint venture as operator of a first work and a budget plan. PMC has announced that the first months of the analysis are to serve existing exploration data from which you will decide on further steps. James Hesketh, President and CEO of Atna Resources, said it was looking forward to the completion of the joint ventures and further cooperation with PMC.
