Anconia Resources Commences 2013 Drilling Program
August 29 2013 - 9:15AM
Marketwired Canada
Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") is
pleased to announce that drilling has begun on its ATLAS group of claims (the
"ATLAS Group") located in the Nunavut Territory of Canada, which contains the
ATLAS-1 discovery made last year, as well as the ZAC occurrence and the Silty
Lake geophysical anomaly.
Drill Program
The Company has commenced a planned drilling program of up to 2000 metres
(weather and conditions dependent), on the three above mentioned targets within
the ATLAS Group of claims. Drilling will focus on expansion of the known
mineralization at the ATLAS-1 discovery, as well as initial testing of both the
Silty Lake anomaly and a large gravity feature at the ZAC occurrence
(approximately 20 km northeast of ATLAS-1). The ATLAS-1 discovery, which was
first drilled in 2012, is a stratiform VMS deposit with drilled intersections of
9.8m of 0.47 g/t Au, 113.0 g/t Ag, 0.29% Cu, 0.64% Pb, and 6.97% Zn; in hole
MRC-12-08 and 8.4m of 1.59 g/t Au, 152.9 g/t Ag, 1.1% Cu, 0.02% Pb and 1.06% Zn
in hole MRC 12-04, (see press release dated October 30, 2012 for more
information) with an associated but distinct secondary system which has high
precious metal content 11.7 g/t Au, and 1364 g/t Ag over 3.6m, including 1m of
35.9 g/t Au and 3590 g/t Ag (see press release dated March 22, 2013 for more
information).
The Silty Lake anomaly and the ZAC occurrence represent geophysical targets,
which the Company has not yet drill tested. In the case of ZAC there is a
gravity anomaly with a strike length of at least 2.1km (open along strike) with
associated electromagnetic conductors and a surface base metal expression. The
Silty Lake anomaly is a moderately strong electromagnetic conductor with a
strike length in excess of 4km, which may represent an offset continuation of
the ATLAS-1 discovery.
Mr. Jason Brewster, President and C.E.O. of Anconia commented "It is exciting to
be getting back into the field and get the drill turning again. We have been
looking forward to drilling both the ZAC and the Silty Lake anomalies. Both of
these targets have enormous potential based on their size, and what we know is
in the area at ATLAS-1. Additionally, we should be able to greatly expand what
we know about the ATLAS-1 discovery with this drill program".
About Anconia
Anconia is a base and precious metals exploration and development company, which
is focused on providing shareholder value through the advancement of its
properties in the Nunavut Territory, Canada. Anconia is undertaking a
comprehensive exploration program to determine the potential of the projects
currently in its portfolio.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jason Brewster
President and CEO
416-815-9777
Anconia Resources (TSXV:ARA)
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