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Last C$0.01 CAD
Change Today 0.00 / 0.00%
Volume 0.0
ARA On Other Exchanges
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As of 2:42 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

anconia resources corp (ARA) Snapshot

Open
C$0.01
Previous Close
C$0.01
Day High
C$0.01
Day Low
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52 Week High
08/27/14 - C$0.10
52 Week Low
12/3/14 - C$0.01
Market Cap
837.0K
Average Volume 10 Days
49.3K
EPS TTM
C$-0.0047
Shares Outstanding
83.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for ANCONIA RESOURCES CORP (ARA)

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anconia resources corp (ARA) Details

Anconia Resources Corp. engages in the exploration and development of base and precious metals in Canada. The company owns interests in the RB property, the ARNI property, and the SSM property. It also holds option to acquire the ZAC property and the Marce property. The company is based in Toronto, Canada.

Founded in 1973

anconia resources corp (ARA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$118.0K
Chief Financial Officer and Secretary
Total Annual Compensation: C$70.8K
Compensation as of Fiscal Year 2014.

anconia resources corp (ARA) Key Developments

Anconia Resources Corp. Announces Drilling Campaign at its Grenfell Property

Anconia Resources Corp. announced drilling campaign at its Grenfell Property near Kirkland Lake, Ontario, which is under option from Cadillac Ventures Inc. The drill program was designed to test for continuity of mineralized intersections attained in the fall surface sampling programs at the Allen Veins, which included 2.71 g/t Au over 11.8 m and 5.96 g/t Au over 10.2 m. The drill program successfully confirmed the presence of the Allen Vein mineralization below the outcrop area to a maximum vertical depth of 60 m, and also discovered at least one and perhaps two additional mineralized zones south of the known Allen Veins. Highlights include: 1.48 g/t Au over 14.7 m, including 3.86 g/t Au over 3.5 m in Hole FN-15-06. 2.26 g/t Au over 6.8 m in Hole FN-15-02; discovery of a new near surface zone South of the Allen Veins which returned 1.6 g/t over 2.9 m in hole FN-15-02 and 1.76 g/t over 2.3 m in hole FN-15-06; hole FN-15-03 intersected the South Allen Vein and returned 1.83 g/t over 2.0 m, which includes 9.5 g/t over 0.3 m. Hole FN-15-01 was collared to test the subsurface continuation of Channel 15 from the Fall 2014 surface prospecting program which returned 5.96 g/t Au over 10.2 m immediately adjacent to the Sylvanite Fault, the drill hole however turned slightly Eastwards and entered the softer ground comprising the Sylvanite Fault and the target area was not intersected. No significant intersections were encountered. Hole FN-15-02 was collared 20 m West and 20 m South of Hole FN-15-01 and successfully tested the down dip extension of the Allen Vein system (both the North and South Allen Veins). The hole intersected 2.26 g/t Au over 6.8 m from 44.0 m to 50.8 m down the hole, which encompasses both the South Allen Vein as well as the surrounding mineralized material. This hole also encountered a new mineralized zone to the South of the known Allen Veins, which returned 1.6 g/t Au over 2.9 m. Syenite veining was also encountered close to surface in this hole, which ran 0.41 g/t Au over 0.5 m. Hole FN-15-03 was collared 20 m West and 20 m North of Hole FN-15-02. This hole encountered the South Allen vein, which contains 1.83 g/t Au over 2.0 m including 9.5 g/t Au over 0.3 m. The North Allen Vein appears to have been obscured in this hole by a late-stage cross-cutting Matachewan dyke, but this zone may be present elsewhere on this section line. The newly discovered Bonus Zone South of the Allen Veins was not encountered in this hole as it was collared too far north. Holes FN-15-04 and FN-15-05. These two holes were collared approximately 25m apart on the North side of the Allen Veins perpendicular to the Sylvanite Fault, and were intended to test mineralization of the Sylvanite Fault zone and possible mineralized extensions to the north. Anomalous gold values were encountered in both of these holes. Hole FN-15-06 was an undercut of hole FN-15-02 and was planned to gain an understanding of the geometry and continuity of the mineralized zones found in hole FN-12-02. Continuity of the newly discovered Bonus Zone, and the Allen Veins system were confirmed. The North Allen Vein, South Allen Vein and mineralized material between returned assay values of 1.48 g/t Au over 14.8 m, which includes 3.86 g/t Au over 3.5 m (corresponding with the South Allen Vein) and 1.69 g/t Au over 2.4 m (corresponding with the North Allen Vein). The Bonus Zone was also encountered in this hole 1.76 g/t Au over 2.3 m also the Syenite zone encountered in hole FN-15-02 was intersected which assayed 0.87 g/t Au over 2.9 m.

Anconia Resources Corp. Commences Drilling at its Grenfell Property Near Kirkland Lake

Anconia Resources Corp. announced that drilling has commenced at its Grenfell Property near Kirkland Lake which is under option from Cadillac Ventures Inc. The program will consist of between 600 and 800m of drilling and will target the depth extension of known gold mineralization at the Allen Veins, where the company sampled 5.955g/t Au over 10.2m, including 7.98g/t over 7.55m on surface in October 2014 in channel sample #15 from the wall rock of the Sylvanite Fault, perpendicular to the Allen Veins. Additionally this drilling program will give the company’s technical team valuable information regarding the geology and structure of the Allen Veins area as well as the Sylvanite Fault.

Anconia Resources Corp., Annual General Meeting, Mar 26, 2015

Anconia Resources Corp., Annual General Meeting, Mar 26, 2015., at 10:00 Eastern Standard Time. Location: at the offices of DSA Corporate Services Inc., at, 36 Toronto Street, Suite 1000. Agenda: To receive and consider the audited financial statements of the company for its financial year ended September 30 2014, together with the report of the auditors thereon; to fix the number of directors to be elected at five; to elect the directors of the company; to authorize the directors to fix the number of directors to be elected at future meetings of shareholders; to appoint Abraham Chan LLP as auditors of the company and to authorize the directors to fix the remuneration of the auditors; to consider, and if deemed advisable, pass a resolution re-approving the company's 10% rolling stock option plan; and to transact such further or other business as may properly come before the meeting or any adjournment or adjournments thereof.

 

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