Besshi Property Exploration
Program
August 09, 2010 - Vancouver, British Columbia, CANADA – Atocha Resources, (the Company), TSX.V – ATT, is pleased to announce an exploration program on the 800 hectare Besshi Property where it has an option to earn a 100 % interest, and which is located five kilometres to the northeast of Aiken Lake on the Omineca Development Road, approximately 250 kilometres to the north of Fort St. James, B.C. The program consists of soil geochemistry and prospecting in the Polaris Creek area which was recommended in a 2009 assessment report authored by R. H. McMillan Ph.D., P.Geo., one of the vendors of the property (See map on www.atocharesources.com).
The Polaris Creek area hosts a strongly silicified/carbonatized contact area between mafic volcanic and clastic sedimentary rocks where massive sulphide (pyrrhotite-pyrite) showings up to nine metres in thickness are exposed. The massive sulphides are characteristic of a paleo-geothermal system and black smoker hydrothermal activity which could host Besshi-type volcanogenic massive sulphides. The massive sulphides in Polaris Creek are barren of base and precious metals, however these deposits can change facies along strike and into the stratigraphic footwall to a productive base/precious metal environment. Previous, less detailed, soil geochemical surveys outlined targets in the recessively weathered gulley along strike to the east and west of the massive sulphides giving values up to 275 parts per million (ppm) Cu, 800 ppm Zn, 3.8 ppm Ag, 165 parts per billion (ppb) Au and 120 ppm Mo. The company plans to extend the soil geochemistry to the east along strike of the mineralized zone.
The property covers a belt of volcanic and sedimentary rocks that were prospected by the Consolidated Mining and Smelting Company (CM&S - now Teck Corp.) in the 1930s. Shallow till covers much of the property, however, significant gold, copper, silver-lead-zinc and a pyrrhotite-rich massive sulphide showings were discovered on Polaris and Jupiter creeks. Although underground exploration (drifts and crosscuts) was carried out on the gold and Ag/Zn/Pb showings on Jupiter Creek, no diamond drilling is documented on the property. Carter (1993) in the BCEMPR files estimated that the main drift on the gold zone assayed an average of 6.34 g/T Au and 42.5 g/T Ag over a width of 1.3 m along a length of 24.4 m. This data is historical in nature and has not been independently verified and should not be relied upon.
Technical information in this news release has been reviewed by Derrick Strickland, P. Geo., a qualified person as defined in NI 43-101. Shareholders and Investors are encouraged to sign up to the company mail list in order to receive timely updates. Please visit www.atocharesources.com or email info@atocharesources.com to add your contact details.
ABOUT ATOCHA
Atocha is a natural resources company engaged in the acquisition and exploration of mining properties. The Company’s main focus is on exploration for copper and precious metals. The Company has an option to acquire a 100% undivided interest in the McGillivray Property, located in the Kamloops Mining Division of British Columbia. Atocha also has a 100% option on 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.
Marcy Kiesman, Chief Executive Officer
Telephone:
604.696.1111
Facsimile:
888.266.3983
E-mail: mmk@atocharesources.com
Website: www.atocharesources.com
