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Atico Mining Hits 59.8 Meters of 5.74 Percent Copper and 2 G/t Gold at El Roble
Atico Mining (TSXV:ATY) reported further results from its infill drill program at its El Roble mine in Colombia. Highlights included 59.8 meters of 5.74 percent copper and 2 grams per tonne of gold. Infill drilling continues to extend mineralization for the Zeus body at the mine.
Atico Mining (TSXV:ATY) reported further results from its infill drill program at its El Roble mine in Colombia. Highlights included 59.8 meters of 5.74 percent copper and 2 grams per tonne of gold. Infill drilling continues to extend mineralization for the Zeus body at the mine.
As quoted in the press release:
The goal of the current underground drilling program at the El Roble mine is to further define the known mineralized bodies and expand the identified resource. During the fourth quarter of 2014, the Company began a drill program to specifically test the Zeus, Aquiles and Ares mineralized bodies. Infill drilling approximately perpendicular to the strike direction of the known massive sulfide bodies (318 degrees average strike, 85 degrees east average dip) and drilling of new prospective areas below the 2000-meter level is being conducted from the new main level 1880 adit. Subsequent to the five holes of the program (ATD-0010 to ATD-0014) where drilling significantly extended mineralization at Zeus and Aquiles as reported in June 2015 (See Atico news release dated June 23, 2015), the Company is reporting the next batch of five drill holes (ATD-0015 to ATD-0019). Infill hole ATD-0017 intercepted a completely new area of mineralization extending the massive sulfide body along strike to the south and to the west than had been modeled in the National Instrument 43-101 inferred resource estimate wireframes of Zeus, Aquiles and Ares (See Atico technical report dated August 27, 2013).
Atico CEO, Fernando E. Ganoza, said:
We are extremely pleased with the continued success of our infill drilling at El Roble. Drilling continued to intercept high-grade mineralization at the ZeusAquiles-Ares massive sulfide body and extending the mineralization beyond the previously outlined mineralized shell. [W]ith the tremendous success of this drill program to date, management has made the decision to use the last reported hole in this news release (ATD-0019) as the cutoff hole for the new resource update planned to be released before the end of this year. Production drilling will continue in the Zeus-Aquiles-Ares mineralization area while the exploration team will shift its focus on the perspective areas along strike and down dip.
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