Business
Atocha Resources Corporate Exploration Update
Atocha Resources Corporate Exploration Update
About this update from Daura Gold Corp.
[{"type":"text","content":"\nAtocha Resources Corporate Exploration Update\n\n\n Jul. 26, 2010 (TheNewswire.ca) -- July 26, 2010 - Vancouver, British Columbia, CANADA - Atocha Resources (TSXV:ATT) , (the Company), TSX.V - ATT, is pleased to provide a corporate exploration update on the company's activities since its Initial Public Offering on July 2, 2009 which has included:-An option to acquire a 100% interest in the Atkinson-Lipton (Detour Lake) Claims (approx. 3,000 ha) in the Abitibi Greenstone belt of northern Ontario, approximately 15 km to the south of the past producing Detour Lake Mine owned by Detour Gold Corp (OOTC:DRGDF) (TSX:DGC) (DGC-TSX). Completion of a Phase I work program which consisted of 1207 meters of diamond drilling (7 holes), at depths greater than previous drill holes, which had been defined in the 2008 NI 43-101 report on the property;-An option to acquire a 100% interest in the Besshi Claims (800 ha) located near Fort St. James, British Columbia. Teck Corp had previously located high grade gold and silver soil samples. Atocha carried out an initial work program consisting of soil geochemistry and mapping;-Completion of exploration, consisting of geological mapping, rock sampling and trenching, on the optioned McGillivray Property in B.C., where Atocha can earn a 100% interest. Encouraging copper and silver values as well as a new zone with elevated gold values were identified. A National Instrument 43-101 compliant report on the property can be viewed at www.sedar.com;-An option to acquire a 100% interest in the Yukon Strike 101-114 Claims (300 ha) near Dawson City, Yukon. The claims are located proximal (less than 2km from the claim border) to the White Gold Deposit of Underworld Resources (UW-TSX.V), which company was acquired by Kinross Gold (TSX:K''C) (TSX:K''B) (OOTC:KNRSF) (NYSE:KGC) (TSX:K'U) (TSX:K) (K-TSX). Atocha has completed a Phase I soil sampling program consisting of 58 samples which returned positive anomalies in gold values; and-Obtaining a listing on the Frankfurt Stock Exchange, the largest of Germany's 7 Stock Exchanges. This listing gives Atocha ability to access financing in the European market.Management will be providing detailed updates pertaining to all projects in the coming weeks. Management also wishes to thank shareholders for their continued support and looks forward to the 2010 exploration season...