Jun. 18, 2010 (TheNewswire.ca) --
New zone with values to 10.66 g/T Au over 0.5 m
M Zone gives wide intersection of 15 m of 0.895 g/T Au
June 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.
The 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.
"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. In ATT-10-27, the Zone was encountered between 42.5m and 57.5m (15m) in hole ATT-10-27 which averaged 0.895g/tonne gold, similar to the hanging wall zone at Detour Gold with the average grade of the Detour Deposit being 1.02g/tonne as used in their feasibility study (see www.sedar.com May 25, 2010 release).
DDH ATT-10-25 intersected a 0.5 m interval (195.7 m to 196.2 m) which assayed 10.66 g/T gold. This zone appears to be a new gold (OOTC:NEGWF) zone approximately 90 to 100 metres below the Contact Zone.
Atocha's technical team is encouraged by the drill results and will review the data from this portion of the program to determine the next course of action.
The drill core was split by manual core splitter using a strict quality control protocol consisting of close spaced standards and blanks inserted in the sample stream before one half of the core being sent by secure chain of custody to PolyMet Labs in Cobalt, Ontario who also have a strict quality control protocol and are ISO 9001:2001 accredited. The samples were fire assayed with an AA and gravimetric finish. The core lengths are actual lengths as drilled and have not been adjusted for the true width of the mineralized zones however true widths are close to drilled widths.
This drill program was carried out under the direct supervision of J. T. Shearer, M.Sc., P.Geo., the Qualified Person for this project under National Instrument 43-101.
Atocha is a natural resources company engaged in the acquisition and exploration of mining properties. The Company's main focus is on exploration for copper and precious metals. The Company has an option to acquire a 100% undivided interest in the McGillivray Property, located in the Kamloops Mining Division of British Columbia. Atocha also has a 100% option on the Besshi gold project in B.C., the Atkinson (Detour Lake) gold project in Ontario and the Strike 101-114 Claims near Dawson City, Yukon.
For further information on Atocha, please refer to www.sedar.com.
For further information, please contact:
ETHOS CONSULTING, Investor Relations
Toll free: 888.818.1365
Marcy Kiesman, Chief Executive Officer
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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