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Atocha Explores Quebec's Abitibi Region - Targets Gold and REE's
Last Update: 6/2/2011 9:30:05 AM
Jun 02, 2011 (TheNewswire.ca via COMTEX) -- (via Thenewswire.ca)
June 2, 2011 - Vancouver, British Columbia, CANADA - Atocha Resources, (the Company), TSX.V - ATT reports that it is finalizing details on the 2011 exploration programs in the Abitibi region of Quebec. The programs will have two separate focuses - one targeting precious metals and the other one targeting rare earth elements (REE's).
PRECIOUS METALS
The precious metal program is targeting gold and will focus primarily on the Trove and Descouverte properties.
Trove
The property is a 1,500 hectare property located approximately 15km to the southwest of Eagle Hill's (EAG-TSX.V) Windfall Lake Gold Property and 9km southwest of BonTerra Resources Ltd. (BTR-TSX.V) Urban Property. Other claims in the area are held by Metanor, Noront, Amseco, Beaufield, Glen Eagle and Murgor.
Descouverte
The property consists of 71 claims (3,877 ha) located approximately 10km to the southeast of Beaufield's Tortigny deposit (TSX.V-BFD). Other claims in the area are held by BonTerra Resources and Landore Resources to the east and Globestar Mining Corp. to the north.
Bijou
The property consists of 18 claims (1,017 ha) located approximately 3km to the east and extending to the south of BonTerra's (TSX.V-BTR) Eastern Extension Properties.
RARE EARTH ELEMENTS (REE)
REE exploration will target the newly acquired Sol Riche and Tresor Nord and Sud properties in Monviel Township. The exploration target is carbonatite hosted rare earth elements mineralization.
Sol Riche
The property consists of 792 hectares bordering Canada Rare Earths Inc. (TSX.V-CJC) claims to the East of Geomega Resources Inc. (TSX.V-GMA) REE property. It is well situated in Montviel Township, approximately 100km by road from the town of Lebel-sur-Quevillon with logging roads providing access along the Eastern perimeter of the claims.
Tresor Nord and Sud
The properties which consist of 36 claims (2,000 ha) were acquired to cover high priority targets, based on geology and magnetics (highs and lows) on GESTIM's online mapping overlay application. The properties are located to the south of Geomega (TSX.V-GMA) Montviel project, within 2 km of their recently announced REE/niobium rich, carbonatite body (see www.sedar.com news release dated March 21, 2011).
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