TORONTO, ONTARIO — (Marketwire) — 09/02/11 — Anconia Resources Corp. (TSX VENTURE: ARA) („Anconia“ or the „Company“) is pleased to announce that it has entered into an option agreement (the „Agreement“) to acquire up to a 100% interest in 23 mining claims (comprising 354 claim units) (the „Property“) in the Sault Ste. Marie mining district of Ontario.
Under the terms of the Agreement, Anconia can acquire:
The optionors shall retain a 1.5% net smelter return royalty, however Anconia has the right to purchase the NSR royalty in certain circumstances.
The Agreement is subject to approval of the TSX Venture Exchange.
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 including the Zac and Marce projects in Nunavut Territory. 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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