QUEBEC CLAIMS
TROVE CLAIMS OVERVIEW
To continue to strengthen and develop deeper ties to the Abitibi, an additional property, named the “Trove Claims” was added to Atocha’s portfolio of gold properties in August 2010.
Atocha signed a property option agreement to acquire a 100% interest in a 1,500 hectare property located approximately 15km to the southwest of Eagle Hill’s (EAG – TSX.V) Windfall Lake Gold Property. The area between Val d'Or and Chibougamau, Quebec is known for gold and copper production and for hosting excellent infrastructure for exploration and mining. Eagle Hill has completed over 330 diamond drill holes with results as high as 52.3 oz/t over 4.8 metres. Their 2010 summer drill program hit wide gold mineralization showing 14.51 g/t gold over 52.0 metres (hole EAG 10-196) and 3.35 g/t of gold over 24.6 metres (hole EAG 10-238).
The Trove Claims are approximately 9km southwest of BonTerra Resources Ltd. (BTR – TSX.V) Urban Property which has had recent successes with drill assays as high as 77.8 grams per tonne gold as announced on November 9, 2010. Additional neighbours in the area of the Trove Property include Metanor, Noront, Amseco, Beaufield, Glen Eagle and Murgor.
DESCOUVERTE (DISCOVERY) PROPERTY OVERVIEW
The Descouverte (Discovery) Property consists of 3,877 hectares in 71 claims and is located approximately 10km southeast of Beaufield's Tortigny deposit (TSX.V – BFD). On September 30, 2010 Beaufield announced drill results of “4.20% zinc, 2.72% copper, 0.19% lead, 500.93 g/t cobalt, 72.02 g/t silver and 0.53 g/t gold over 322.15 metres.” In addition, on September 21, 2010 Beaufield reported they are revisiting resources calculation of Tortigny deposit completed in 1997 by Noranda Inc. and adding the recent drilling to the model. In 1997 Noranda gave a non NI 43-101 compliant resource “489,900 tonnes 2.21% copper, 6.15% zinc, 0.24% lead, 0.31 g/t gold and 60.08 g/t silver”.
BIJOU(JEWEL) PROPERTY OVERVIEW
The Bijou (Jewel) Property consists of 1,016.66 hectares in 18 claims and is approximately 3km east and also extends and wraps to the south of BonTerra’s (TSX.V – BTR) Eastern Extension Properties. Bonterra announced on November 9, 2010 “drill assay results as high as 77.8 grams per tonne gold” on their “Eastern Extension” which are located 170km northeast of Val D’Or and 125km southwest of Chibougamau, Quebec. Bonterra announced further on November 16, 2010 drill results of hole "BA 10-03 which has had two distince mineralized zones denoted as upper and lower zones. Both of these zones include one sample with a grade of greater than 60 grams per tonne gold."
RARE EARTH MINERALS (REE)
This property is 792 hectares, is proximal to Canada Rare Earths Inc property which is located to the East of the Geomega Resources discovery. It is approximately 100 km by road from the town of Lebel-sur-Quevillon and has good access on logging roads which extend along the Eastern perimeter of the claim block.
The exploration target is carbonatite hosted, rare earth element (REE) mineralization. Geomega Resources Inc. announced on December 7th, 2010 via www.sedar.com, a 10,000m drill program on their Montviel Property, and further news announced on February 14th, 2010 discussed some of the results, which included a comment from Simon Britt, President, stating, “The results of MVL-10-03 confirm the potential to define a large, near surface REE deposit, with possible significant niobium and phosphate by-products.”
The two new properties cover approximately 2,000 hectares of high priority geology, based on magnetic highs and lows identified on GESTIM’s online mapping overlay application. Magnetics are an important geophysical tool in the Montviel complex as it has been identified as a method for determining areas of carbonatite hosted rare earth mineralization.
The Company’s new claims are located to the south of Geomega Resources Inc. (TSX.V – GMA) Montviel project, within 2 km of their recently announced main REE / niobium rich, carbonatite body (see www.sedar.com news release dated March 21, 2011). The target on the newly acquired properties which are called Tresor Nord and Sud are a carbonatite hosted rare earth element (REE) deposit similar to that being defined by drilling on the GeoMega property.
The Company now holds approximately 2,800 hectares of land, prospective for rare earth elements, in the Montviel Complex via the Sol Riche and newly acquired Tresor Nord and Sud properties.
Download the Tresor PDF Report
TROVE CLAIMS MAPS
BIJOU (JEWEL) PROPERTY MAPS
DESCOUVERTE (DISCOVERY) PROPERTY MAPS
RARE EARTH MINERALS (REE) PROPERTY MAPS
TRESOR MAP
TRESOR PRESENTATION
Dr. Peter John Rogers - Consulting Geologist and Geochemist, President Chavin Consulting Limited
