Atocha Acquires Ground in known Graphite Area, Quebec
April 10, 2012 ‐ Vancouver, British Columbia, CANADA – Atocha Resources (the Company), TSX.V – ATT reports it has acquired ground by staking online via the GESTIM online system, application 1183835, covering approximately 1,740 hectares in Quebec.
The newly acquired ground covers the extension of an airborne magnetic anomaly that extends directly from Soldi Ventures Inc., (TSX.V‐SOV) Lochaber graphite property. In 1950 an Airborne Magnetic Survey undertaken by the Geological Survey of Canada (Map 197G) which covers the entire map sheet 31G11 and can be viewed at http://www.atocharesources.com/maps/att‐mag‐map.jpg. The geophysical shows that there are several anomalies that are greater than 4000 gammas. The largest anomaly on the property is approximately 2000 m by 400 m.
A 1952 Historical report on the Lochaber graphite property indicates that trenches were investigated by Frobisher Exploration. Ten trenches were stripped every 50 feet for 550 feet of the zone. The graphite exposed ranged from three feet to over 10 feet in the last 150 feet of the zone. The reported graphite zone trends along a steep valley that has a strike of N85E. The author of the report visually estimated grades of 10 per cent to 15 per cent graphite. “A pit 1,500‐feet west of this zone exposed graphite‐ bearing rock.”
The new graphite property is located five kilometres west of the town of Saint‐Sixte, Quebec, just off of Route 317, approximately 65 kilometres east of Ottawa and can be viewed at http://www.atocharesources.com/maps/att‐topo‐map.pdf. The area has been subject to previous logging and forestry work and a good road network is in place. The property is located in a historical graphite mining district, and had been the target of exploration in the early 1950s and again in the 1980s, during which time an airborne survey was flown to further define targets.
The technical information in this new release has been reviewed by Derrick Strickland, P.Geo.
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ABOUT ATOCHA
Atocha is a natural resources company engaged in the acquisition and exploration of mining/exploration properties, mainly for copper and precious metals. The Company has a 100% undivided interest in the McGillivray Property, located in the Kamloops Mining Division of British Columbia. The Company has an option to acquire a 100% undivided interest in the Atkinson (Detour Lake) gold project in Ontario. Atocha owns the Sol Riche and Tresor Nord/Sud REE properties in Montviel Township of Quebec, the Trove, Descouverte, and Bijou gold properties and the Montpellier graphite in the Grenville Belt of Quebec and the Strike 101‐114 gold claims near Dawson City, Yukon.
For further information on Atocha, please refer to www.sedar.com.
For further information, please contact:
Marcy Kiesman, Chief Executive Officer Telephone: 604.696.1111 Facsimile: 888.266.3983 E‐mail: [email protected] Website: www.atocharesources.com
Forward‐Looking Statement
This document may contain or refer to forward‐looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward‐looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward‐looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties, as it relates to Atocha Resources Inc., please refer to the Company's Prospectus filed with SEDAR.
The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.