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Atocha Reports on Diamond Drilling; Lipton Atkinson (Detour) Project
Atocha Reports on Diamond Drilling; Lipton Atkinson (Detour) Project
About this update from Daura Gold Corp.
[{"type":"text","content":"\nAtocha Reports on Diamond Drilling; Lipton Atkinson (Detour) Project\n\n\n Jun. 18, 2010 (TheNewswire.ca) -- New zone with values to 10.66 g/T Au over 0.5 mM Zone gives wide intersection of 15 m of 0.895 g/T AuJune 17, 2010 - Vancouver, British Columbia, CANADA - Atocha Resources Inc. (TSXV:ATT) , (the Company), TSX.V - ATT is pleased to announce it has successfully completed the drill program at its Lipton-Atkinson (Detour) Gold Project. The Company is encouraged by the results of the seven (7) drill holes totalling 1,207m which were completed over a strike length of 300 metres in the drill program as mineralization was encountered.Atocha's Liption-Atkinson (Detour) Project is located in the Abitibi greenstone belt which borders the Ontario and Quebec border and represents one of the largest greenstone belts in the world. Recent discoveries have been made in the area by companies such as Detour Gold (OOTC:DRGDF) (TSX:DGC) Corporation (TSX - DGC). The Lipton-Atkinson Project is approximately 15km south of the past producing Detour Lake Mine. Mr. Gerald Panneton, President and CEO of Detour Gold recently stated in the May 25th, 2010 news release on www.sedar.com, \"With 11.4 million ounces, the Detour Lake Deposit is now Canada's largest undeveloped gold reserve and ranks sixth among the top ten largest gold reserves in North America.\"Atocha had two main mineralized zones intersected - the Contact zone and the M1 zone.Contact ZoneThe Contact Zone had been intersected in numerous holes and is open to the northwest at depth. It is associated with chemical sediments (a chert unit) at the felsic-mafic contact. The Contact Zone was intersected in Holes ATT-10-21, 22, 24 and 25. The best intersection was 1.1 g/T Au over 1.5 m in ATT-10-27 between 126.50m to 128.00m.M1 Zone\"The M1 Zone, which resembles the extensive hanging wall mineralization at the Detour Lake Gold Deposit located to the northeast of the property, lies approximately 60 m above the Contact Zone and is open to the north and east\" says Mr. Jo Shearer, M.Sc., P.Geo. The Atocha drill holes lie to the northwest of historic holes which intersected values such as 14.27 g/T Au over 7.7 m in DDH L-06-07 in the Contact Zone and 8.2 m (true thickness) of 7.83 g/T Au in DDH L-06-17 in the M1 Zone.The M1 Zone (Upper Zone) was intersected in Holes ATT-10-22, 23, 24, 25 and 27. ...