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anconia resources corp (ARA) Snapshot

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52 Week High
08/23/13 - C$0.18
52 Week Low
04/28/14 - C$0.04
Market Cap
2.8M
Average Volume 10 Days
3.8K
EPS TTM
C$-0.01
Shares Outstanding
63.3M
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Current Stock Chart for ANCONIA RESOURCES CORP (ARA)

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anconia resources corp (ARA) Details

Anconia Resources Corp. engages in the exploration and development of base and precious metals in Canada. The company owns interests in the RB property, the ARNI property, and the SSM property. It also holds option to acquire the ZAC property and the Marce property. The company is based in Toronto, Canada.

Founded in 1973

anconia resources corp (ARA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$120.0K
Chief Financial Officer and Secretary
Total Annual Compensation: C$72.0K
Compensation as of Fiscal Year 2013.

anconia resources corp (ARA) Key Developments

Anconia Resources Corp. Reports Results from Drilling at ZAC Occurrence

Anconia Resources Corp. reported further results from the drilling program on its ATLAS group of claims located in the Nunavut Territory of Canada announced on August 29, 2013. The ZAC occurrence is situated approximately 25km northeast of, and in the same geological trend as, the ATLAS-1 VMS discovery made by the Company, which was announced on October 10, 2012. The previously reported 110m zone of stringer chalcopyrite mineralization contains a 20.7 m section of 0.02 g/t Au, 3.97 g/t Ag, 0.16% Cu, and 0.10% Zn including an 8.7 m section of 0.04 g/t Au, 7.66 g/t Ag, 0.31% Cu, and 0.1% Zn. A surface grab sample which was taken from an outcrop of the stringer zone encountered in hole ZAC-13-05 yielded 0.67 g/t Au, 57.8 g/t Ag, 1.85% Cu, and 0.01% Zn. A channel sample of the same material yielded 0.01 g/t Au, 5.5 g/t Ag, 0.36% Cu, and 0.03% Zn over 0.9m. Both the grab sample and the channel sample were taken from a location approximately 250 m along strike from the drillhole ZAC-13-05. A surface grab sample was taken from a sulphide mineralization corridor which is approximately 450m southwest of drillhole ZAC-13-05. This sample yielded 0.55 g/t Au, 58.6 g/t Ag, 0.01% Cu, 4.75% Zn, and 0.07% Pb. A channel sample was taken from the same outcrop which yielded 0.79 g/t Au, 199 g/t Ag, 0.01% Cu, 5.88% Zn, and 1.37% Pb over 1.5m. This outcrop can be traced on surface for 30m in strike at which point it is covered by glacial till. Holes ZAC-13-01, and ZAC-13-02 both encountered massive sulfide mineralization, which is interpreted to be the down dip extension of the West Zone.

Anconia Resources Corp., Annual General Meeting, Mar 26, 2014

Anconia Resources Corp., Annual General Meeting, Mar 26, 2014., at 10:00 Eastern Standard Time. Location: the offices of McMillan LLP located at Brookfield Place, 181 Bay Street. Agenda: To receive and consider the audited financial statements of the company for its financial year ended September 30, 2013, together with the report of the auditors thereon; to elect the directors of the company; to appoint McCarney Greenwood LLP as auditors of the company and to authorize the directors to fix the remuneration of the auditors; to consider, and if deemed advisable, pass a resolution re-approving the Company's 10% ‘rolling’ stock option plan; and to transact such further or other business as may properly come before the meeting or any adjournment or adjournments thereof.

Anconia Resources Corp. Reports Initial Results from Drilling Program on Atlas Group of Claims Located in the Nunavut Territory of Canada

Anconia Resources Corp. reported initial results from the drilling program on its ATLAS group of claims located in the Nunavut Territory of Canada announced on August 29, 2013. Highlights: 110 m of disseminated and stringer chalcopyrite mineralization was intersected in hole ZAC-13-05, including 20m (from 35-55m down-hole) of intensive stringer mineralization. All components of a VMS mineralizing system are confirmed to be present at ZAC, including a 4.8m massive sulfide unit intersected in hole ZAC-13-01. ZAC is confirmed to represent a second VMS district, approximately 22km northeast of the ATLAS-1 discovery within the company's ATLAS group of claims. The drilling program consisted of 5 holes totaling 1,306m, and was focused on the ZAC occurrence. This is located in the northeast portion of the company's claim block, approximately 22km northeast of the ATLAS-1 base metal discovery, announced in 2012. The current program confirmed the existence of a second distinct VMS district within the company's ATLAS Group of claims. The 5 drillholes were designed to test the extension of a historically known area of surface zinc mineralization, discovered by Comaplex (the previous holder of the ZAC occurrence claims), the West Zone mineralization, as well as to test local geophysical (gravity and electromagnetic) anomalies. Holes ZAC-13-01 and ZAC-13-02 successfully tested the down dip and along strike extension of the West Zone. Hole ZAC-13-01 intersected a 4.8m massive sulfide unit starting 78.1m down hole. Hole ZAC-13-02 is an undercut of Hole ZAC-13-01, which intersected a 1.4m massive sulfide unit starting at 122.1m downhole; approximately 60m down dip from the massive sulfide unit intersected in hole ZAC-13-01. Assays are pending. Holes ZAC-13-03 and ZAC-13-04 tested a large gravity anomaly to the north of the West Zone and confirmed that the anomaly was created by a gabbroic intrusion which probably represents the heat source needed to enable mineralization in the standard VMS model. Hole ZAC-13-05 was collared approximately 1km along strike east of holes ZAC-13-01 and 02, and tested a band of conductivity, which stretches between the two and continues further to the East. From surface to approximately 110m down-hole low grade both disseminated and stringer chalcopyrite mineralization was intersected, which from 35m to 55m is comprised of a very intensive stringer zone. The hole continued with variable amounts of sulfide stringers and VMS style alteration all the way to the end of the hole at 335m. Stringer zones underlie most massive sulfide deposits, and in highly deformed areas such as at ZAC, are commonly asymmetric to massive sulfides. The extent of this stringer zone may indicate that massive sulfides lie in the upper part of the strata, and adjacent to the drilled area.

 

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