Atico Mining Corporation ( TSXV: ATY )
Atico Intercepts 86.4m of 5.04% Cu and 3.71g/t Au and 116m of 3.05% Cu and 2.38g/t Au at El Roble Mine in Colombia
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 10, 2015) - Atico Mining Corporation (TSX VENTURE:ATY)(OTC PINK:ATCMF)("Atico" or the "Company") is pleased to announce that ongoing in-fill drilling at the El Roble mine has significantly extended mineralization at Zeus, approximately perpendicular to the strike direction of the massive sulfide body. In addition, the Company reports the results for three diamond drill core holes (ATD-0001 through ATD-0003), which included 86.4m of 5.04% copper and 3.71g/t gold and 116m of 3.05% copper and 2.38g/t gold, respectively.
Fernando E. Ganoza, CEO, commented: "The ongoing in-fill drill program at the El Roble mine has intercepted high-grade mineralization at Zeus massive sulfide body which significantly extends the mineralization beyond the previously outlined mineralized shell. The Zeus mineralized body accounts for approximately forty percent of our total identified resource and so any extensions to mineralization discovered here could have a material impact on our total identified resource." Mr. Ganoza added, "we are extremely pleased and encouraged with these results as they continue to add further confidence to our hypothesis that high-grade mineralization continues strong at depth and remains open beyond the current mine limits."
El Roble Drilling Highlights Include:
Hole | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) | Ag (g/t) |
ATD-0001* | 180.0 | 296.6 | 116.6 | 3.05 | 2.38 | 7.04 |
Including | 192.4 | 234.6 | 42.2 | 6.73 | 1.91 | 7.23 |
ATD-0002 | 160.9 | 231.7 | 70.8 | 5.25 | 1.93 | 8.14 |
Including | 175.3 | 220.8 | 45.5 | 7.52 | 1.45 | 5.10 |
ATD-0003 | 158.8 | 245.2 | 86.4 | 5.04 | 3.71 | 8.69 |
Including | 194.9 | 227.3 | 32.4 | 9.09 | 1.69 | 6.44 |
194.9 | 199.4 | 4.5 | 15.73 | 3.04 | 11.50 |
* There was a cumulative core loss of 7.6 meters for the total intercept and a grade value of zero was assigned to these lost intervals in the calculation. |
** True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 76% and 83% of the drill intercept. |