Anconia Resources Acquires Jarositas Exploration Permit in Spain
12 Febrero 2014 - 7:00AM
Marketwired
Anconia Resources Acquires Jarositas Exploration Permit in Spain
TORONTO, ONTARIO--(Marketwired - Feb 12, 2014) - Anconia
Resources Corp. (TSX-VENTURE:ARA) ("Anconia" or the "Company") is
pleased to announce the acquisition of the "Jarositas" exploration
permit situated in southern Spain. Anconia has acquired, by way of
application with the regional mining authority, an exploration
permit in southern Spain called Jarositas, which covers
approximately 154 square kilometres of ground prospective for
lead-zinc-silver exploration. With the Jarositas exploration
permit, along with the Company's VMS discoveries in Nunavut
(ATLAS-1 and ZAC), Anconia is positioning itself to be a
significant exploration and development company with a focus on
zinc and other base metals.
Highlights of the
Jarositas Permit Area
- Area has been historically mined for silver and lead and zinc,
and there are several known mineralized showings within the
property area.
- One area of the property (Coto Fortuna), which was mined in
Roman times for silver and lead, has a historical estimate of
165,229 tonnes of contained zinc metal which equates to 7,282,697
tonnes at a grade of 2.27% Zn. This estimation was calculated in
1972 by the Instituto Geologico y Minero de Espana (Institute of
Mining and Geology of Spain), a Spanish governmental agency, and
can be found in the report titled "Estudio Del Yacimiento De Zinc
De Coto Fortuna, y Evaluacion De Sus Reservas". There is no
information on the category of the historic resource.
- The Jarositas exploration permit area contains geology
favorable for additional mineral occurrences in a region of active
and previously active geothermal systems. These systems contain
widespread alteration zones of a type commonly associated with
lead, zinc and silver mineralization. Modern exploration methods
have never been used in the area to search for hidden
deposits.
- Infrastructure in the area is well established with road, rail,
and towns all nearby.
A qualified person has not done sufficient work to classify the
historic estimate as current mineral resources or mineral reserves,
and the Company is not treating the historical estimate as current
mineral resources or mineral reserves.
Mr. Jason Brewster, President and C.E.O. of Anconia commented,
"We are very pleased with this acquisition. We believe this area
has the potential to host a significant zinc deposit, this is an
important target, which needs to be drilled both to bring the
historic estimate in line with NI-43-101 requirements, and to
determine if there is an extension at depth of the deposit outlined
by the Spanish Geological Survey. This area has been very
productive in the past (back to Roman times) and the potential to
host a mineable deposit is very good. The Company believes that
this new property in Spain is an excellent complement to the
property we have and the work we are doing in Nunavut. Anconia is
positioning itself to be a significant exploration and development
company through its base metal assets."
Jarositas
Permit:
The Jarositas permit contains at least 3 epithermal centers
outcropping at surface. Coto Fortuna, one of the three known near
surface occurrences, was mined during Roman times. This along with
an extensive hydrothermal alteration halo prompted the Instituto
Geologico y Minero de Espana to do an extensive exploration program
consisting of 23 drillholes in the early 1970's, which led to a
historical estimate of 165,229 tonnes Zn metal which is equivalent
to 7,282,697 tonnes at 2.27% Zn, as estimated in the above noted
report dated October 7 1972. Anconia's technical team notes that
there is a possibility of a depth extension to the mineralization
at Coto Fortuna, as all the completed drillholes were relatively
shallow (the majority of the holes were from 120 - 130m with a
maximum of 301m). Additionally the area has historically been
hydrothermally active and active hot springs in the area indicate
that there may be other deposits, which have not yet been
discovered as modern exploration techniques (large scale airborne
geophysical surveys amongst others) have never been utilized.
Mr. Raul Hidalgo, EurGeol, a principle of Geotrex Gestion Minera
S.L. a qualified person pursuant to NI 43-101 has reviewed and
approved the content of this press release.
About
Anconia
Anconia is a base and precious metals exploration and
development company, which is focused on providing shareholder
value through the advancement of the properties in its portfolio.
Anconia is undertaking comprehensive exploration programs to
determine the potential of its current projects.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Anconia Resources Corp.Jason BrewsterPresident and
CEO416-815-9777
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