Atocha Carries Out Follow Up Exploration on the Yukon Strike 101-114 Project
August 23, 2010 - Vancouver, British Columbia, CANADA – Atocha Resources, (the Company), TSX.V – ATT reports that a follow up exploration was completed on the Yukon Strike property last week.
Atocha completed a follow up phase 2 exploration program to the initial soil sampling program which was completed in June 2010. The phase 2 program consisted of detailed geological mapping to better define bedrock lithologies and potential structures associated with gold mineralization. All outcrops and angular float in the area of interest were sampled and assayed since the alteration is very subtle and difficult to recognize in hand samples.
A detailed grid soil sampling program was also carried out on the Eastern portion of the property. Gold (Au) thresholds in soils from the Yukon area are consistently low with values less than 15 ppb considered to be anomalous, however in the Company’s June soil geochemical values of up to 30 ppb Gold (Au) were located which prompted a follow up program.
Atocha has an option to acquire a 100% interest in the Yukon Strike 101-114 Claims (300 hectares) near Dawson City, Yukon. The claims are located proximal (less than 2km from the claim border) to the White Gold Deposit of Underworld Resources (UW-TSX.V), who was acquired by Kinross Gold (K-TSX) for approximately $139 million dollars in March 2010.
The program will be carried out under the supervision of J. T. Shearer, M.Sc., P.Geo., the Qualified Person for this project under National Instrument 43-101.
The Company would also announce the resignation of Mr. Ray Paquette from the Board of Directors and kindly thank him for his service.
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 options to acquire a 100% undivided interest in the McGillivray Property, located in the Kamloops Mining Division of British Columbia, the Besshi gold project in B.C., the Atkinson (Detour Lake) gold project in Ontario and the Strike 101-114 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
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.
