ATLAS-1 PROPERTY

The ATLAS -1 occurrence is a distinctly stratiform Zn-Ag-Cu type of VMS deposit, similar to the deposits in the Hackett River and Sturgeon Lake districts. It has an extensive and well defined footwall alteration zone, and is capped by a laterally extensive exhalite, consisting of banded iron formation and chert. Drilling also encountered very localized zones of unusually high Au and Ag mineralization, which tentatively may represent a second type of mineralization, superimposed on the VMS system.

A plan view map (Figure 1 below) indicates drillhole collar locations (green dots) along with a tabulation of all mineralized intersections (Table 1). Hole MRC-12-12 was drilled approximately 2 km to the south west and was designed to test the intersection of two electromagnetic geophysical features. While this hole did not encounter the massive sulphide occurrence, it did encounter the Iron Formation marker horizon, and anomalous metal content and alteration. The Iron Formation marker horizon was also encountered in hole MRC-12-07, as well as all other holes which were drilled into the ATLAS-1 occurrence (see Figure #2 for a stylized schematic vertical section of drilling centered on line 2450)

Figure 1: Drillhole Locations (Plan view) for summer 2012 drilling program at ATLAS-1

 

In the image above, the black lines indicate “in phase” electromagnetic conductors, and the green lines represent slightly weaker electromagnetic conductors (quadrature response). This image represents approximately 3 km of a conductive geophysical feature, which has a strike length of approximately 7.2 km.

 

Figure 2: Stylized vertical section of the ATLAS-1 occurrence through line 2450E

The presence of ATLAS-1, and the ZAC occurrence approximately 20km to the NE with numerous geophysical conductors identified during the August 2011 airborne magnetic and electromagnetic surveys suggest the presence of additional VMS systems in the greenstone belt on Anconia’s claim group.

Table 1: Mineralized intervals from Summer 2012 drilling program at ATLAS-1 occurrence;

Table 1: Mineralized intervals from Summer 2012 drilling program at ATLAS-1 occurrence;


Gallery

Collars (green dots) are shown on a background of Total Field Magnetics with anomalies from the 2011 airborne Electromagnetics survey (coloured sqaures) and profiles from the 2012 ground Electromagnetics survey.

Collars (green dots) are shown on a background of Total Field Magnetics with anomalies from the 2011 airborne Electromagnetics survey (coloured sqaures) and profiles from the 2012 ground Electromagnetics survey.

EM anomalies with first vertical derivative magnetics background:  black lines indicate EM conductors from ground geophysics (May 2012), green lines indicate quadrature response (out of phase). Coloured squares indicate EM anomalies from airborne survey (July 2011).

EM anomalies with first vertical derivative magnetics background:  black lines indicate EM conductors from ground geophysics (May 2012), green lines indicate quadrature response (out of phase). Coloured squares indicate EM anomalies from airborne survey (July 2011).

 
Marce Occurrence Filtered Bouguer gravity anomaly with principal EM conductor (labelled sa "MARCE showing").  In-phase conductors are illustrated with black lines and quadrature responses are illustrated with green lines (filtered gravity).

Marce Occurrence Filtered Bouguer gravity anomaly with principal EM conductor (labelled sa "MARCE showing").  In-phase conductors are illustrated with black lines and quadrature responses are illustrated with green lines (filtered gravity).

Marce sample: Zn: 26.7%, Ag: 420 g/t, Au: 3.51 g/t, Pb: 6.3%

Marce sample: Zn: 26.7%, Ag: 420 g/t, Au: 3.51 g/t, Pb: 6.3%

Marce sample: Cu: 10.6%, Zn: 11.5%, Ag: 772 g/t, Au: 6.1 g/t

Marce sample: Cu: 10.6%, Zn: 11.5%, Ag: 772 g/t, Au: 6.1 g/t

 
Marce Project Geophysical Survey May 2012

Marce Project Geophysical Survey May 2012

Marce Project Geophysical Survey May 2012

Marce Project Geophysical Survey May 2012