Atna samples YGC’s Yukon properties

Preliminary sampling by Atna Resources (VSE) on three properties held by YGC Resources (VSE) in the southern Yukon is returning some interesting numbers.

The Argus, Money and Wolf-Lynx claims are three of eight base metal properties near Finlayson Lake, in which Atna can earn a 65% interest from YGC. To do so, it must spend $1.5 million on exploration and pay $300,000 per property by 1998.

Rock chip sampling in the main exploration area of the Argus property, 50 km west of Cominco’s Kudz Ze Kayah project, has returned up to 6.9% zinc, 10.4% lead and 277.7 grams silver per tonne. Boulders 700 metres to the east of the sampled area assayed up to 30.9% zinc.

Atna is carrying out a max-min geophysical survey over the Money property, which lies 6 km east of its own newly discovered Wolverine zone. Sulphide mineralization is traced over 1,000 metres, and rock sampling returned values of up to 1.1% copper, 34.3 grams silver plus 220 parts per billion (ppb) gold in one zone, and up to 3.3% copper and 460 ppb gold in another.

Two distinct zones of mineralization have been identified on the Wolf-Lynx claims, 50 km southwest of the Kudz Ze Kayah project.

One zone yielded values as high as 4% zinc, 0.31% copper and 0.11% lead, while another assayed 2.7% zinc, 0.06% copper and 1.5% lead. In addition, values of more than 1% zinc, 1% lead and 34.3 grams silver were obtained from 27 chip samples taken along a 4-km long belt of rocks.

YGC recently added to its holdings by staking three more properties in the Finlayson Lake area. The properties cover several untested, electromagnetic anomalies.