NUNAVUT – Anconia Resources of Vancouver has made a new volcanic massive sulphide discovery at its Atlas project 200 km west of Rankin Inlet. The best assay results from the first eight holes returned 11.93% Zn over 4 metres and 3,590 g/t Ag over 1 metre in separate holes. Copper, lead and gold were also present.
The sulfides are exposed in outcrop over a strike length of over 1.4 km, said the company. The current drilling program established that they extend along this strike length, and to at least 130 metres below surface. Drilling tested surface mineralization, electromagnetic conductors and a large gravity anomaly that covers them.
Anconia director Dr James Franklin noted, “The Atlas 1 VMS occurrence is distinctly stratiform, with a highly altered felsic footwall, several beds of laterally extensive massive and stringer sulfides and a capping cherty exhalite that includes lean iron formation. Massive sulfides have been observed semi-continuously over a strike length of 500 metres, and to a depth of 200 metres. The massive sulfide strata are overlain by unaltered mafic volcanic strata. The Atlas 1 occurrence most closely resembles deposits in the Hackett River district, and shares some attributes with the Sturgeon Lake and Bathurst camps.”
The Atlas 1 zone was formerly known as the Marce property. More information about it is available at Anconia.ca.