Anconia Resources (ARA-V)
www.anconia.ca
44.2 million o/s
Insiders own 28%
$1 million cash (completes $825,000 first tranche of financing - News Release Aug 27, '13. ARA intends to close a second tranche of the offering in early September in total $3 million.
Key people
Jason Brewster - President, Chief Executive Officer and Director, Interim Chairman
Mr. Brewster is President of Anconia Resources Corp, as well as serving as Partner of Billiken Management Services, a full service exploration management consulting company. Mr. Brewster received his M.Sc. in mining engineering from the Camborne School of Mines in Cornwall, England and his B.A. from the University of Western Ontario. For 14 years Mr. Brewster has been active in all facets of the mining industry from grass roots prospecting to being instrumental in bringing a mine out of care and maintenance back into production.
James M. Franklin PhD FRSC P Geo - Director
Jim Franklin is an exploration geologist with over 40 years experience, focusing on discovering base metal-, uranium- and gold-bearing ore deposits. He is a graduate of Carleton University (BSc, MSc) and the University of Western Ontario (PhD). He taught at Lakehead University (1969 – 1975), and then joined the Geological Survey of Canada, where he directed major research programs on base metal and gold deposits in the Canadian Shield, and coordinated the GSC’s marine minerals program, which culminated in the discovery of a major deposit at Middle Valley on Canada’s Juan de Fuca Ridge. As Chief Geoscientist of the GSC from 1993 until 1998, he was responsible for coordinating GSC’s entire scientific program. Currently he is the director of three exploration companies and sits on numerous advisory boards for mining companies. He also sits on advisory or management boards for the Canadian Scientific Submersible Facility, the Canadian Mining Innovation Council, The Mining Industry Human Resources Council, Society of Economic Geologists Canadian Foundation, and NRCan’s Earth Science and Minerals and Metals sectors advisory boards.
He has received GAC’s Logan and Duncan R Derry medals, CIM’s Selwyn Blaylock, A.O. Dufresne, Distinguished Lecturer and Julian Boldy Memorial awards and. SEG’s Thayer Lindsley and Distinguished Lecturer awards. He is a Fellow of the Royal Society of Canada, a registered professional geologist in the Province of Ontario, and an Adjunct Professor at Queen’s, Laurentian and Ottawa Universities. He is a Past President of both the Geological Association of Canada and the Society of zEconomic Geologists. He has published over 196 papers and book chapters, and innumerable abstracts.
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Anconia Resources starts drilling at Atlas
Aug 28, 2013 - News Release
Anconia Resources Corp. has begun drilling on its Atlas group of claims located in the Nunavut Territory of Canada, which contains the Atlas-1 discovery made last year, as well as the Zac occurrence and the Silty Lake geophysical anomaly. Drill program
The company has commenced a planned drilling program of up to 2,000 metres (weather and conditions dependent), on the three above-mentioned targets within the Atlas group of claims. Drilling will focus on expansion of the known mineralization at the Atlas-1 discovery, as well as initial testing of both the Silty Lake anomaly and a large gravity feature at the Zac occurrence (approximately 20 kilometres northeast of Atlas-1). The Atlas-1 discovery, which was first drilled in 2012, is a stratiform volcanogenic massive sulphide deposit with drilled intersections of 9.8 metres of 0.47 gram per tonne gold, 113.0 g/t silver, 0.29 per cent copper, 0.64 per cent lead and 6.97 per cent Zn in hole MRC-12-08, and 8.4 m of 1.59 g/t Au, 152.9 g/t Ag, 1.1 per cent Cu, 0.02 per cent Pb and 1.06 per cent Zn in hole MRC 12-04 (see press release dated Oct. 30, 2012, for more information) with an associated but distinct secondary system which has high precious-metal content (11.7 g/t Au and 1,364 g/t Ag over 3.6 m, including one m of 35.9 g/t Au and 3,590 g/t Ag (see press release dated March 22, 2013, for more information)).
The Silty Lake anomaly and the Zac occurrence represent geophysical targets, which the company has not yet drill tested. In the case of Zac, there is a gravity anomaly with a strike length of at least 2.1 kilometres (open along strike) with associated electromagnetic conductors and a surface base-metal expression. The Silty Lake anomaly is a moderately strong electromagnetic conductor with a strike length in excess of four kilometres, which may represent an offset continuation of the Atlas-1 discovery.
Jason Brewster, president and chief executive officer of Anconia, commented: "It is exciting to be getting back into the field and get the drill turning again. We have been looking forward to drilling both the Zac and the Silty Lake anomalies. Both of these targets have enormous potential based on their size, and what we know is in the area at Atlas-1. Additionally, we should be able to greatly expand what we know about the Atlas-1 discovery with this drill program."
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