Anconia Resources Corporation-Press Release
03 November 2011 - 12:04AM
Marketwired
Anconia Resources Corp. (TSX VENTURE:ARA) ("Anconia" or the
"Company") is pleased to announce that exploration has begun on the
property near Sault Ste. Marie, Ontario in which Anconia acquired a
50% interest and has the option to acquire up to a 100% interest in
such property pursuant to an option agreement (See press release
dated September 2, 2011).
The Property
The property consists of 23 unpatented mining claims (comprised
of 354 claim units or approximately 5,664 hectares), which are
located in Gapp, Lunkie, and Dablon Townships, approximately 65 kms
northeast of the City of Sault Ste. Marie, Ontario. The property is
accessible by logging roads and has year round access for both men
and machines by a combination of road vehicles and snowmobiles.
The property, which will be referred to as the "SSM Property" by
the Company, is in the southeast portion of the Batchawana
Greenstone Belt.
October 2011 Exploration
The Company has dispatched a geological team to commence
exploration on the SSM Property consisting of prospecting,
geological mapping and rock sampling. This program will focus on
areas which are believed to be prospective for gold mineralization.
The results of the exploration program will be made public when
available.
About Anconia
Anconia is a base and precious metals exploration and
development company, which is focused on providing shareholder
value through the advancement of its property holdings in Canada.
Anconia is undertaking a comprehensive exploration program to
determine the potential of the projects currently in its
portfolio.
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.
Contacts: Anconia Resources Corp. Jason Brewster President and
CEO 416-815-9777
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