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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$120.0K
Chief Financial Officer and Secretary
Total Annual Compensation: C$72.0K
Compensation as of Fiscal Year 2013.

anconia resources corp (ARA) Key Developments

Anconia Resources Corp. Announces Results from its Second Work Program at its Grenfell Property Near Kirkland Lake

Anconia Resources Corp. announced further results from its second work program at its Grenfell Property near Kirkland Lake which is under option from Cadillac Ventures Inc. The program is a follow-up to the successful initial prospecting and sampling program. Channel 15 returned 5.955g/t Au over 10.2m, including 7.980g/t over 7.55m from the wall rock of the Sylvanite Fault, perpendicular to the Allen Veins. Channel 11 returned 2.68 g/t Au over 2.8m. 176 samples were taken during this program, including 156 channel samples from 22 channels, 8 grabs, and 1 large (60lb) bulk sample. Channel 15 - 5.955 g/t Au Over 10.2m -Channel 15 is taken from the Allen Vein system immediately adjacent to the Sylvanite fault. This 10.2 metre channel sample consisted of mafic volcanics with varying amounts of silicification containing up to 15% fine disseminated pyrite. Some brecciation of the rock is evident with narrow vitreous quartz infill cementing the small fragments. To the north sampling of Channel 15 stopped due to overburden cover. Further stripping and cleaning of this area required to expose and identify further continuity of the mineralized zone. The Sylvanite Fault shows evidence of sinistral displacement which leads to the possibility of a northwest displacement of the Allen Veins on the east side of the fault. The magnitude of displacement has not been determined, however the property extends approximately 1 km to the northwest along the strike of the Sylvanite Fault providing ample room to find a possible eastward extension of the Allen Veins.

Anconia Resources Corp. Completes Successful Initial Program at Grenfell Property, Kirkland Lake Ontario

Anconia Resources Corp. announced that it has completed a successful initial exploration program at its Grenfell Property near Kirkland Lake which is under option from Cadillac Ventures Inc. The program consisted of prospecting, sampling and mapping of known historic gold showings and other areas of the property. The results of the program demonstrate three areas of significant gold mineralization within close proximity to each other, the Allen Veins, the Four Nations Shaft area, and the Riverside Trench area. Grab samples up to 18.8 g/t Au from the Allen Veins area. Channel sample of 2.9 g/t over 3.0m from the Allen Veins area. The vein system appears to continue beyond channel sample limits, but mechanized stripping and washing are needed to explore this more extensively. Channel sample of 1.17 g/t Au over 2.4m, sample is taken from the Sylvanite fault in the Riverside Area. The Sylvanite fault is major structure trending NW-SE across the property that may be a primary control on gold distribution.

Anconia Resources Corp. Reports Results from Drilling at ZAC Occurrence

Anconia Resources Corp. reported further results from the drilling program on its ATLAS group of claims 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 contains a 20.7 m section of 0.02 g/t Au, 3.97 g/t Ag, 0.16% Cu, and 0.10% Zn including an 8.7 m 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 250 m along strike from the drillhole ZAC-13-05. 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.


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