Atocha Announces Follow Up Exploration on the Trésor Nord Property Abitibi, QC.
(via Thenewswire.ca)
February 1, 2012 - Vancouver, British Columbia, CANADA - Atocha Resources, (the Company), TSX.V - ATT reports it plans to carry out follow up exploration on its wholly owned Tresor (Treasure) Nord rare earth element (REE) property located 13km to the north east of the Montviel carbonatite complex in Quebec's Abitibi region.
Last week the Company announced that a detailed interpretation of vegetation (bark) sampling had been completed by Dr. Peter J. Rogers, a consulting geochemist, who recommended follow up exploration to define the complexes discovered during the 2011 work program. Dr. Rogers identified three large, circular anomalies in a number of elements with a granitic or lithophile association.
Additional information can be viewed on the January 24, 2012 news release available on www.sedar.com. A power-point presentation can be viewed on the corporate website under the Tresor presentation https://www.slideshare.net/atocharesources/atocha-ppt-tresor-spruce.
Detailed bark sampling, magnetic and VLF-EM surveys were carried out on the Tresor Nord property in 2011 by Dany Boilard Inc. Exploration. Dr. Roger's recommendation is to trench a number of the anomalous sites and follow up with a drill program testing selected anomalies. A full copy of the Tresor Nord report can be viewed at https://www.explorationminiere.com/atocha/Tresor%20Final%202012.pdf.
Marcy Kiesman, Chief Executive Officer stated "Atocha is organizing the second phase of exploration on the Tresor Nord property. Atocha will continue exploration and test the targeted anomalies for both REE and gold. An update regarding commencement of phase 2 exploration will be reported in the coming weeks."
The Montviel carbonatite complex is located 200 kilometres north of Val d'Or, extending over an area of 32 square kilometres, making it one of North America's largest carbonatite complexes. Carbonatite complexes are a significant host for REEs worldwide producing rare earth concentrates and oxides. Neighbours in the Montviel area are Canada Rare Earths and Geomega Resources Inc. Geomega announced on November 14, 2011, "Montviel's 'Core Zone' base case resource estimate, using a Total Rare Earth Oxide (TREO) cut off grade of 1.00%, hosts an indicated mineral resource of 183,900,000 tonnes grading 1.45% TREO in addition to an Inferred mineral resource 66,700,000 tonnes grading 1.46% TREO" via www.sedar.com.
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/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 Atkinson (Detour Lake) gold project in Ontario, the Trove, Descouverte and Bijou gold properties in the Abitibi of Quebec, 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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