Anconia Resources Reports Results From Drilling At ZAC Occurrence
Toronto – January 30, 2013 – Anconia Resources Corp. (TSX VENTURE:ARA) (“Anconia” or the “Company”) is pleased to report further results from the drilling program on its ATLAS group of claims (the “ATLAS Group”) located in the Nunavut Territory of Canada announced on August 29, 2013. The ZAC occurrence is situated approximately 25km northeast of, and in the same geological trend as, the ATLAS-1 VMS discovery made by the Company, which was announced on October 10, 2012.
- The previously reported 110m zone of stringer chalcopyrite mineralization (see press release dated November 22, 2013) contains a 20.7m section of 0.02 g/t Au, 3.97 g/t Ag, 0.16% Cu, and 0.10% Zn including an 8.7m section of 0.04 g/t Au, 7.66 g/t Ag, 0.31% Cu, and 0.1% Zn.
- A surface grab sample which was taken from an outcrop of the stringer zone encountered in hole ZAC-13-05 yielded 0.67 g/t Au, 57.8 g/t Ag, 1.85% Cu, and 0.01% Zn. A channel sample of the same material yielded 0.01 g/t Au, 5.5 g/t Ag, 0.36% Cu, and 0.03% Zn over 0.9m. Both the grab sample and the channel sample were taken from a location approximately 250m along strike from the drillhole ZAC-13-05 (see diagram #1).
- A surface grab sample was taken from a sulphide mineralization corridor which is approximately 450m southwest of drillhole ZAC-13-05. This sample yielded 0.55 g/t Au, 58.6 g/t Ag, 0.01% Cu, 4.75% Zn, and 0.07% Pb. A channel sample was taken from the same outcrop which yielded 0.79 g/t Au, 199 g/t Ag, 0.01% Cu, 5.88% Zn, and 1.37% Pb over 1.5m. This outcrop can be traced on surface for ~30m in strike at which point it is covered by glacial till.
- Holes ZAC-13-01, and ZAC-13-02 both encountered massive sulfide mineralization, which is interpreted to be the down dip extension of the West Zone (a historically known area of zinc mineralization on surface).
Read more: http://www.anconia.ca/Content/pdf/stringer-press-release-jan-30-final.pdf
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