Atocha Resources Announces Unexpected Airborne Results for the Descouverte Property, Abitibi, QC
(via Thenewswire.ca)
November 24, 2011 - Vancouver, British Columbia, CANADA - Atocha Resources (the Company), TSX.V - ATT reports on an evaluation of the results of its airborne geophysical survey performed by Fugro Airborne Surveys Corp. as announced on June 6th and June 13th, 2011 via www.sedar.com.
The helicopter-borne, DIGHEM EM/magnetic airborne geophysical survey was completed on the 71 claim (3,877 ha) Descouverte (Discovery) property located in the Chibougamau area of the Abitibi of Quebec. The survey encompassed 439 line kilometres, with flight lines flown east - west at 100m intervals.
The Company hired a professional geophysicist to undertake a detailed interpretation of the survey data with seven areas of interest identified. The geology as mapped indicated a southwest to northeast trend while the airborne survey showed a strong geophysical magnetic anomaly over a 500 x 1000 meter area perpendicular to the regional geology. The Company's President, Marcy Kiesman stated, "The geophysics did not match the geology as published, which means we may have uncovered an opportunity that we originally did not expect."
Discussions regarding follow up work on the Descouverte gold property are currently underway with the Company's geologists and ground crew. A work program update on the Descouverte property will be announced as soon as the final details become available.
Derrick Strickland P. Geo., is the Qualified Person, as defined by National Instrument 43-101, who has reviewed the technical information of this press release.
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/exploration properties, mainly for copper and precious metals. The Company has a 100% undivided interest in the McGillivray Property, located in the Kamloops Mining Division of British Columbia. The Company has an option to acquire a 100% undivided interest in the Atkinson (Detour Lake) gold project in Ontario, the Trove, Descouverte and Bijou gold properties in the Abitibi of Quebec. Atocha owns the Sol Riche and Tresor Nord/Sud REE properties in Montviel Township in Quebec and the Strike 101-114 gold 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.
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