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Major Mexican asset is San Acacio Mine, but nothing new released by Atlas on its' interests in Zacatecas since March, 1999.

 

Atlas Mining Company               [ATMR:OTCBB]  

Mexican vehicle is Minera Argentum S.A. de C.V. Works in Mexico under the direction of Richard Tschauder and Gabriel Arredondo.

San Acacio Ag Mine, Zacatecas. Located six miles N of city of Zacatecas. Signed letter of intent to acquire Olympic Silver Resources Inc., a Nevada Corporation, through a stock purchase or merger. Olympic's mining assets in Mexico are held under a Mexican subsidiary, Minera Argentum. They include the San Acacio Mine with a reported reserve of 14.4 MM ounces along a strike length of 600m and to a depth of 70m. The entire vein is 2 to 30m wide and 7 km long. Atlas succeeded in purchasing the majority of shares of Olympic Silver Resources in 1Q99. 

Atlas announced that it is completing metallurgical studies to determine the best methods of ore recovery at its San Acacio silver mine in Zacatecas, Mexico. Mr. Herb Osburne has been hired as the consulting metallurgist to supervise the studies. Mr. Osburne has over35 years of experience in the metallurgical field and holds a degree from the Colorado School of Mines. After completing field work on the property this past two weeks, samples have been shipped to Reno, Nevada where preliminary studies are being conducted at the American Assay Labs. column tests and metallurgical testing will be completed by McClelland Labs.  Management stated that the results of these tests will ascertain the best methods for processing the San Acacio ores once they are mined. The testing, in combination with the existing resource figures, will also allow the company to make a reserve calculation. The San Acacio mine currently has a silver resource of 14.4 million ounces. When calculating the reserves the company will hire and independent group to insure validity. 

Press Release 23Nov01
Press Release 29Mar99
MBD March, 1999
LAMR February, 1999
MBD January, 1999
Randol Conference Jan99
LAMR December, 1998