BESSHI PROJECT

OVERVIEW

The Besshi property consists of 800 hectares and is located 5 kilometres northeast of Aiken Lake on the Omineca Development Road 250 kilometres north of Fort St. James, B.C.

The property covers a belt of volcanic and sedimentary rocks that  was prospected by the Consolidated Mining and Smelting Company (CM&S, now Teck Corp) in the 1930's. Shallow till covers much of the property, however significant showings of gold, copper, a pyrrhotite-rich massive sulphide and silver-lead-zinc were discovered on Polaris and Jupiter Creeks. At Jupiter Creek , based on historic assay plans N. Carter, P.Eng. (1993) estimated the main drift exposed a mineralized zone 1.3 metres wide assaying an average of 6.34 g/t Au and 42.5 g/t Ag for a length of 24.4 metres.

At Polaris Creek copper-in-soil values range up to 275 ppm, zinc to 800 ppm, silver to 3.8 ppm, gold to 165 ppb and molybdenum to 120 ppm.

Perhaps of more significance, Consolidated Mining & Smelting Company found the "Discovery Zone". Grab samples from the veins yielded assays of up to 1015 g/t Au (60 oz./ton), with 36 samples of vein material averaging 2.2 oz/ton Au, with the entire zone estimated to carry 0.11 oz/ ton Au.

Atocha has not yet undertaken any independent investigation of the Besshi Property nor has it independently analyzed the results of previous exploration, and therefore the historical sampling should not be relied upon.  No drilling has been undertaken by Consolidated Mining & Smelting Company or any of the other operators to date despite the highly encouraging results.However, the Company believes that these historical results provide a conceptual indication of the potential of the property and are relevant to ongoing exploration.

The Besshi property was one of the most important exploration targets for the Consolidated Mining and Smelting Company (COMINCO, now Tech Corp) in the late 1930s. Prospecting outlined five significant gold showings, with 500 metres of underground development on the Jupiter Creek showings.

(note: Information is historical in nature and not NI 43-101 compliant. Carter 1993.)

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