[Marinir] {Disarmed} Atocha (TSX-V: ATT) Acquires Gold Property in the La Ronge Area
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Thu Jun 7 18:56:46 CEST 2012
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Atocha Acquires Gold Property in the La Ronge Area, Saskatchewan
Atocha Resources Inc. (TSX-V: ATT
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=ATT®ion=C&lookup=symbol&snapshot=default
) reports it has optioned the Stubble gold property, located in northern
Saskatchewan, 5km to the east of the boundary of the Preview gold
deposit property of La Ronge Gold Corp. (TSX.V - LAR
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=LAR®ion=C&lookup=symbol&snapshot=default
).
The Property is one claim of 1,764 hectares located approximately 40km
northeast of La Ronge and is easily accessible by highway. It lies in
the La Ronge Gold Belt, which hosts operating mines owned by Claude
Resources and Golden Band Resources. Past producing mines in the same
area include the well known Anglo Rouyn (gold, silver, copper) and
Contact Lake gold mines.
The property includes both the Studer B and C showings which are hosted
in Glennie Domain metavolcanics consisting of mafic to intermediate
flows and pyroclastics and a series of volcaniclastic metasediments that
range in composition from greywackes to turbidites. Structurally the
area hosts two sets of regional lineaments that trend north to northwest
and east to northeast. The Studer B showing consists of a
sulphide-bearing interval of garnetiferous chlorite-amphibolite schist,
an altered iron formation, which occurs along a contact between a
granitic intrusive to the north and mixed metasediments to the south. A
historic grab sample from the showing returned 0.087 oz/ton Au.
The Studer C showing is hosted by a sulphide-bearing graphitic argillite
horizon in a suite of mixed metasediments. A Saskatchewan open file
report (84-1) stated "the C Zone, unlike the iron formation hosted
Studer A and B zones, consists of mineralized irregular quartz veins and
stockworks in highly deformed felsic volcaniclastics. The average assay
value from two grab samples was 0.178 oz/ton Au."
Atocha can earn a 100-per-cent interest in the Stubble property, with no
retained NSR or work commitments, by making cash and share payments as
follows: 1) $15,000 upon signing of the agreement (paid); 2) 1,500,000
common shares upon receipt of the TSX Venture Exchange ("TSX-V")
acceptance of the agreement.
On March 1st, 2012, La Ronge Gold Corp. (TSX.V-LAR) announced via
www.sedar.com
http://www.sedar.com
highlights "from drill holes PR12-120 and PR12-121 drilled on one
section in the middle of the deposit primarily to verify the widths and
grades of previously defined mineralization. Highlights are: DDH
PR12-120 intersected 213.9m of 1.63 g/t gold (Au), starting at 11.70
metres, and DDH PR12-120 intersected 196.78m of 1.04g/t gold (Au),
starting at 7.92 metres."
Further assay results were released by La Ronge Gold Corp. via
www.sedar.com
http://www.sedar.com
on May 28th, 2012 which included re-assaying of Cameco Corporation
drilling completed in 1998 including; PR88-88 1.46g/t Au over 62.4
metres starting at 83.5m and 3.13 g/t over 22.0 metres starting at 46.0
metres, and PR88-76 2.26 g/t over 19.8 metres starting at 25.8 metres.
"La Ronge's winter/spring 2012 drill program not only confirmed the
presence of the mineralized zones intersected by Cameco, but also
extended the deposit to the north and south."
Atocha's President, Marcy Kiesman stated "We believe we are well located
in a historical gold belt with good gold exploration potential and
active neighbours. We have historical information and data including an
airborne VLF-EM/magnetic survey and prospecting surveys including rock
sampling, to compile, in preparation for a summer exploration program on
the Stubble Property. We plan to hit the ground running and have
organized an airborne survey to compliment the historical
VLF-EM/magnetic data."
Derrick Strickland, P.Geo., is the Qualified Person as defined by
National Instrument 43-101 who has reviewed the technical information in
this press release.
Shareholders and Investors are encouraged to sign up to the Company mail
list in order to receive timely updates. Please visit
www.atocharesources.com
http://www.atocharesources.com
or email info at atocharesources.com to add your contact details.
ABOUT ATOCHA
Atocha is a natural resources company engaged in the acquisition and
exploration of mining/exploration properties, mainly for gold and other
precious metals. The Company has a 100% undivided interest in the
McGillivray Property, located in the Kamloops Mining Division of British
Columbia. The Company has an option to acquire a 100% undivided interest
in the Atkinson (Detour Lake) gold project in Ontario. Atocha owns the
Sol Riche and Tresor Nord/Sud REE properties in Montviel Township in
Quebec, the Trove, Descouverte and Bijou gold properties in the Abitibi
of Quebec and the Strike 101-114 gold claims near Dawson City, Yukon.
Atocha also owns two graphite properties in the Grenville area of
Quebec, Montpellier and St. Sixte.
For further information on Atocha, please refer to www.sedar.com
http://www.sedar.com
.
For further information, please contact:
Marcy Kiesman, Chief Executive Officer
Telephone: 604.696.1111
Facsimile: 888.266.3983
E-mail: mmk at atocharesources.com
Website: www.atocharesources.com
http://www.atocharesources.com
Forward-Looking Statement
This document may contain or refer to forward-looking information based
on current expectations, including, but not limited to timing of mineral
resource estimates, future exploration or project development programs
and the impact on the Company of these events. Forward-looking
information is subject to significant risks and uncertainties, as actual
results may differ materially from forecasted results. Forward-looking
information is provided as of the date hereof and we assume no
responsibility to update or revise them to reflect new events or
circumstances. For a detailed list of risks and uncertainties, as it
relates to Atocha Resources Inc., please refer to the Company's
Prospectus filed with SEDAR.
The TSX Venture Exchange does not accept responsibility for the accuracy
or adequacy of this release.
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