Phase 1 Exploration Results for the Trove Property, Abitibi, QC
November 21, 2011 - Vancouver, British Columbia, CANADA – Atocha Resources (the Company), TSX.V – ATT reports the completion of its comprehensive summer exploration on the Trove Property located about 90km east of the town of Lebel-sur-Quevellion in Quebec in the area of Barry gold project.The Trove Property, in the Urban-Barry Greenstone Belt, shows good potential for gold and base metals. Gold (Au) is associated with quartz/carbonate veins related to deformation in mafic volcanic and/or intrusive units. The Company used an integrated approach that included detailed geological mapping and sampling, magnetomer and VLF- EM surveys, and detailed humus grid sampling.
Forty nine (49) outcrops were mapped and identified with 19 rock samples sent to Actlabs of Ste-Germaine-Boulé where they underwent 59 element ultra-trace ICP analysis. Anomalous values included two gold values of 9 and 24 ppb Au and one zinc value of 1290 ppm (0.13%). The anomalous values, although low, are located along the contact between a biotite wacke and paragneiss coincident with a major fault (Barry fault) the contact between a volcano-sedimentary belt and plutonic complexes. This area is particularly interesting to the Company since it has a high potential for fault-controlled gold-bearing deformation zones.
A 26 line kilometre grid with 200 metre line spacing was established for the detailed humus sampling and magnetic and VLF-EM survey. A total of 1046 humus samples were taken at 25 meter stations using a soil auger, which were sent to Actlabs of Ste-Germaine-Boulé for 59 element ultra-trace ICP analysis. One sample, at L2+00/S7+75S, gave a highly anomalous gold value of 171 ppb Au. The VLF-EM survey identified four distinctive conductors all trending southwest to northeast.
The conductor trends appear coincident with the two main regional structures in the area: the Rouleau and the Barry faults. Both trend SW-NE and dip toward the SE. The Rouleau fault lies along the contact between the Macho Formation to the north and the Chanceux Formation to the south while the Barry fault defines the contact between the Chanceux Formation to the north and the paragneiss unit to the south.
With the development of the Barry gold project and the re-opening of the Bachelor Lake mine, Atocha believes the Trove Property shows good potential for gold and base metals. Mineral showings in the vicinity are principally Au mineralization associated with quartz/carbonate veins related to deformation corridors in mafic volcanic and/or intrusive rocks. Eagle Hill Exploration (TSX.V-EAG) announced on November 3rd, 2011 via www.sedar.com an initial mineral resource estimate of 335,000 Au oz, indicated at its Windfall Lake Property located approximately 15km away. On November 17, 2011 Eagle Hill also announced its “Gold resource expands with the first assay results from its new drill program including 9.6 g/t of gold over 3.3 meters and 5.6 g/t of gold over 10.6 meters” via www.sedar.com.
A report on the exploration prepared by Émilie Bédard, M.Sc., and project geologist recommends follow up on the Trove property including trenching of the strongest anomalies along the contact between the biotite wacke and paragneiss followed by a drill program to test any mineralization located. Atocha is in discussions with its geologists regarding the timing and details for a follow up exploration program on the Trove Property and will release further information as soon as it is available.
Derrick Strickland P. Geo. is the Qualified Person, as defined by National Instrument 43-101, who has reviewed the technical information of this press release.
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ABOUT ATOCHA
Atocha is a natural resources company engaged in the acquisition and exploration of mining/exploration properties, mainly for copper and 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, the Trove, Descouverte and Bijou gold properties in the Abitibi of Quebec. Atocha owns the Sol Riche and Tresor Nord/Sud REE properties in Montviel Township in Quebec and the Strike 101-114 gold claims near Dawson City, Yukon.
For further information on Atocha, please refer to www.sedar.com.
For further information, please contact:
Marcy Kiesman, Chief Executive Officer
Telephone:
604.696.1111
Facsimile:
888.266.3983
E-mail: mmk@atocharesources.com
Website: www.atocharesources.com
