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Atico Mining (TSXV:ATY) has updated its mineral resource estimate at its El Roble mine in Carmen de Atrato, Colombia, upgrading a significant portion of its inferred resources to the measured and indicated category.
Atico Mining (TSXV:ATY) has updated its mineral resource estimate at its El Roble mine in Carmen de Atrato, Colombia, upgrading a significant portion of its inferred resources to the measured and indicated category.
As quoted in the press release:
Block grades for the Zeus, Perseus North and Perseus South zones of the El Roble deposit were estimated using ordinary kriging methods inside of volcanogenic massive sulphide (VMS) 3D wireframes. Block grades for the Goliat, Maximus and South Maximus zones were estimated using inverse distance cubed (1/d3) methods inside of VMS 3D wireframes. Industry standard Quality Control/Quality Assurance (QA/QC) methods were applied to assure that the results of the estimation process are a reasonable mathematical representation of the deposits. An updated NI 43-101 technical report will be filed on www.sedar.com and posted on the Company’s website within 45 days of this news release.
Atico president and CEO, Fernando Ganoza, said:
We are extremely pleased with the outcome of our in-fill drill program and mineral resource estimate update for the El Roble mine. We have upgraded a significant portion of the 1.58 million tonnes of Inferred mineral resources disclosed by Atico in 2013 (See Atico technical report dated August 27, 2013) to the Measured and Indicated category. In addition, step-out diamond drilling beyond the limits of the original 2013 Inferred mineral resource has defined additional Indicated and Inferred mineral resources. This is very encouraging given that mineralization remains open at depth and along strike. We believe this trend is indicative of the overall potential at El Roble mine and we will continue to drill test prospective underground targets in the coming year.
ATY:CA