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ARA Anconia Resources Corp

0.01
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Anconia Resources Corp TSXV:ARA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.02 0.02 0 01:00:00

Anconia Resources Begins Drilling at its MARCE Occurrence in Nunavut Territory

07/08/2012 3:26pm

Marketwired Canada


Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the "Company") is
pleased to announce that drilling has begun on its MARCE Occurrence ("MARCE" or
the "MARCE Property") located in the Nunavut Territory of Canada.


Drill Program

The company has commenced a drilling program of up to 1500 metres, on the MARCE
Occurrence, a VMS target that has a surface expression in the form of frost
heaved subcrop, which is co-incident with a 1.3 km geophysical signature
consisting of Magnetics, Electromagnetics, and Gravity. In August and September
of 2011 Anconia conducted a surface sampling program over the MARCE Occurrence,
which returned the following values, 0.02 - 34.14% Zn, 0 - 19.2 g/t Au, 0.6 -
2100 g/t Ag, and 0.01 - 10.6% Cu, from a total of 43 samples (see press release
dated October 20th 2011). The samples are all taken from the conductor #5 on the
MARCE Occurrence (see press release dated July 13th 2012 for more details),
which is sub- parallel to a magnetically indicated Iron Formation. It is
important to note that recent ground geophysics work has demonstrated that the
gravity anomaly is associated with the conductor as opposed to the Iron
Formation. The planned drill program will test the extent of the MARCE
Occurrence and conductor to depth and along strike. The Company will provide
updates as they become available.


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.


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