“We are pleased to report that our mine vicinity drill campaign continues to intercept new mineralization and extend the main historic massive sulphide body at the El Roble deposit. While, this area was mined by operators previous to Atico obtaining control of the mine on
Exploration Drilling Results Include:
Hole | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) |
ATD-0206 | 163.5 | 189.45 | 25.95 | 2.09 | 3.43 |
including | 168 | 170.2 | 2.2 | 11.58 | 8.63 |
including | 173.1 | 181.5 | 8.4 | 0.57 | 2.52 |
including | 185 | 189.45 | 4.45 | 5.17 | 10.47 |
and | 192.25 | 193.1 | 0.85 | 7.57 | 4.62 |
ATD-0207 | 133 | 144.6 | 11.6 | 4.14 | 1.38 |
including | 136 | 140.9 | 4.9 | 9.35 | 2.94 |
and | 156.5 | 159.7 | 3.2 | 1.78 | 7.86 |
ATD-0208 | 186.8 | 199.3 | 12.5 | 0.98 | 4.35 |
including | 186.8 | 191.4 | 4.6 | 1.96 | 9.27 |
ATD-0209 | 189.4 | 206.5 | 17.1 | 1.15 | 1.94 |
ATD-0210 | 159 | 171.3 | 12.3 | 1.11 | 1.33 |
ATD-0211 | 34.1 | 44.9 | 10.8 | 4.39 | 1.29 |
including | 35.5 | 37.2 | 1.7 | 8.46 | 1.43 |
including | 39.3 | 44.9 | 5.6 | 5.33 | 1.91 |
ATD-0212 | 22 | 40.5 | 18.5 | 2.29 | 1.05 |
including | 22 | 25 | 3 | 8.24 | 3.7 |
including | 27.1 | 29.6 | 2.5 | 2.51 | 1.09 |
including | 37.5 | 39.1 | 1.6 | 2.34 | 1.09 |
True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 90% and 95% of the drill intercept.
Image 1.
Exploration Drilling Program
The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began a drill program to test the main mineralized body and the immediately adjacent area. A total of 7,880 meters of drilling were completed during this program, of which final results for the remaining drill holes are still pending and will be reported as soon as the assay results for mineralized intercepts are received.
The
Since obtaining control of the mine on
On the larger land package, the Company has identified a prospective stratigraphic contact between volcanic rocks and black and grey pelagic sediments and cherts that has been traced by Atico geologists for ten kilometers. This contact has been determined to be an important control on VMS mineralization on which Atico has identified numerous target areas prospective for VMS type mineralization occurrence, which is the focus of the current surface drill program at El Roble.
Qualified Person
About
Atico is a growth-oriented Company, focused on exploring, developing and mining copper and gold projects in
ON BEHALF OF THE BOARD
CEO
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
Investor Relations
Tel: +1.604.633.9022
Neither the
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any state securities laws, and may not be offered or sold in
Cautionary Note Regarding Forward Looking Statements
This announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation the use of net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its interest in and/or explore and develop the Company’s mineral projects; uncertainty of meeting anticipated program milestones for the Company’s mineral projects; and other risks and uncertainties disclosed under the heading “Risk Factors” in the prospectus of the Company dated
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5dae5ad-36fa-4b20-b641-67d52ca50108
© OMX, source