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.
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 firstname.lastname@example.org to add your contact details.
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.
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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