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Atocha Resources

Atocha Resources
  • Corporate Profile
  • Projects
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  • Management
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Atocha Resources :: Corporate Profile

Atocha Resources Atocha Resources Inc. (TSX.V:ATT) is a junior mining exploration and development company based in Canada. The Company has five projects with two located in BC, one in the Yukon, one in Quebec, and the other in Ontario. Atocha’s Atkinson (Detour Lake) Gold Project is located approximately 150 kilometres northeast of Cochrane, Ontario near the border between Ontario and Quebec, and is approximately 15 kilometres south of the past producing Detour Lake Mine. Last drilled in 2006, high-grade drill results including: 13m of 7.5 g/t Au and 7.7m of 14.2 g/t Au were encountered. (source: Paul R.J. Nichols (P.Eng) 43-101 February 2008).

In addition to these properties, Atocha continues to evaluate prospective resource exploration and development holdings in politically stable regions of the world. The Company has made quick progress since going public in July of 2009 and management looks forward to the continued exploration, development and expansion of its projects.

Atocha Resources :: Projects

ATKINSON PROJECT, ONTARIO

The Atkinson (Detour Lake) Project area is located approximately 150 kilometres northeast of Cochrane, Ontario (N.T.S 32E/13) near the border between Ontario and Quebec, and is approximately 15 kilometres south of the past producing Detour Lake Mine. The property is accessible via highway 652 and the Detour Mine access road as well as by air. Skilled manpower is readily available in the general the area.

Contractors with equipment and experience are located in nearby Cochrane, Timmins and Sudbury.

Prior to 1959 there was little or no prospecting or exploration activity recorded in the area. In 1959 and in the early 1960’s Conwest Exploration, Selco, Kesagami Syndicate, and Rio Tinto conducted limited exploration for base metals. During the early 1970’s exploration resulted in the discovery of the Detour Lake Mine by Amoco (1974), and in the discovery of the Selbaie Mine by Selco at approximately the same time. Following the discoveries exploration activity in the area increased with several companies including Noranda, Hudson Bay Exploration, Pennaroya, Dome Mines and Westmin Resources completing extensive programs. In the Atkinson Lake area the most extensive work was completed by Getty Canadian Metals who completed airborne and ground geophysical surveys, and diamond drilling.

In 1998 the entire area was covered by a Geotem airborne electromagnetic and magnetic survey completed by the Ontario Government. In the 1989 and 1990 Westmin Resources completed limited geophysical surveys in the Atkinson Lake area.

The Atkinson (Detour Lake) Project consists of approximately 3,000 hectares. The largest claim block being the Lipton claims, where in 1996 numerous geophysical targets were tested which resulted in the discovery of significant gold mineralization of 10.7 grams per tone AU over a core length of 9.0 metres. Further drilling has resulted in additional positive results.

MCGILLIVRAY PROJECT, BRITISH COLUMBIA

The McGillivray property is centered on McGillivray Creek and is located 34kilometes east-southeast of Lillooet, British Columbia, Canada and is well served by roads and power. The claims are approximately midway between Lytton and Lillooet, on the east side of the Fraser River.

The McGillivray property consists of 235 claim cells totaling 4,646 hectares, acquired by staking in 2005 and later to cover an historical copper porphyry target property with a large gossanous alteration zone to explore for its precious metal potential.

The property geology consists of fault bounded slices of dioritic and granodioritic intrusives of the Permian to Triassic age Mount Lytton Complex, with highly altered Lower Cretaceous andestic volcanics of the Pimainus Formation of the Spences Bridge group. The western side of the property is next to the regional Fraser River fault. Within the fault bounded slices of altered volcanics are strong alteration zones with evidence of drusy quartz and anomalous silver soil samples. The mineral deposit type that is recommended to target for is for the exploration for epithermal precious metals.

The property is located near the recently discovered epithermal precious metal Skoonka Creek property. The McGillivray claims cover ground originally staked in the 1940's. Previous work in the area covered by the property outlined large zones of hydrothermal alteration and anomalous copper in soil geochemistry at the time when the focus of much exploration was toward porphyry copper targets.

The 2006 work program has indicated the potential for an epithermal precious metal mineralized system. The work consisted of grid development, preliminary geological mapping as well as soil and rock geochemistry. There are elevated silver values in soil and subcrop samples.

The next stage is to extend the existing grid and soil sampling to fill in between the grid and the ridge lines and trench the area of the anomalous samples from the 2006 program and any new targets outlined in the proposed soil sample program.

An NI 43-101 can be viewed at www.sedar.com

YUKON STRIKE CLAIMS, YUKON

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.

Atocha has completed a Phase I soil sampling program consisting of 58 samples which returned positive anomalies in gold values and will complete further work on this Property during the summer of 2010.

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.

Atocha Resources :: Stock Information

Atocha Resources :: Media

Atocha Resources :: Management

MARCY KIESMAN, CMA - President & CEO, Director

Mrs. Kiesman has a certified management accountant designation, and is experienced in accounting, business finance and management duties for junior public mining companies. Mrs. Kiesman is responsible for the company management , as well as working with the accounting and mining technical team to advance the company's objectives.

PETER DIMMELL, B.Sc, PGeo - Director

Peter Dimmell’s experience in mineral exploration has spanned more than 40 years, including 17 years with Noranda Exploration. He has served on numerous boards of public companies and professional organizations and is Past-President of the Prospectors and Developers Association of Canada (PDAC). Mr. Dimmell is a director of four public companies on the TSX-V Exchange.

ARIF MERALI - Director

Mr. Merali is a self employed investor with previous experience in the public markets as an investment advisor.

SIMON BIANCARDI, LLB - Director

Mr. Biancardi is a globally experienced lawyer with a Bachelor of Law degree from the University of Wales, Cardiff (1991), and businessman with approximately 15 years of both legal and commercial experience.

Subsequent to the completion of his Law degree, he acted as a solicitor in England and Wales, Hong Kong and British Columbia. In addition, Mr. Biancardi has vast business expertise, having worked in advertising, marketing and international business development in London, Brussels, Hong Kong, and Kuwait.

MARCY KIESMAN - President & CEO

Mrs. Kiesman has a certified management accountant designation, and is experienced in accounting, business finance and management duties for junior public mining companies. Mrs. Kiesman is responsible for the company management , as well as working with the accounting and mining technical team to advance the company's objectives.

JAISUN GARCHA, CGA - Chief Financial Officer

Mr. Garcha has vast experience working with public companies over the past six years and is a Certified General Accountant. He is currently CFO for two other publicly listed companies.

Atocha Resources :: Recent News

2012 PRESS RELEASES

2011 PRESS RELEASES

Atocha Resources :: Contact

CORPORATE HEAD OFFICE

Atocha Resources Inc.
2300-1066 West Hastings Street
Vancouver BC, V6E 3X2

T: 604.696.1111
F: 888.266.3983

info@atocharesources.com

 


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