Atico Mining Discovers New Massive Sulfide Outcrop North of El Roble Mine and Provides Exploration Update

- November 22nd, 2016

Vancouver, November 22, 2016 — Atico Mining Corporation (TSXV:ATY) is pleased to announce that ongoing surface exploration efforts at the El Roble project have discovered a new outcrop of massive sulfide in the vicinity of Anomaly 42 and La Dicha target areas.

Vancouver, November 22, 2016Atico Mining Corporation (TSXV:ATY) is pleased to announce that ongoing surface exploration efforts at the El Roble project have discovered a new outcrop of massive sulfide in the vicinity of Anomaly 42 and La Dicha target areas.
Fernando E. Ganoza, CEO, commented:
“We are pleased with the outcome of our ongoing surface exploration program at the El Roble project. This new discovery further supports our thesis that there is additional massive sulfide on the 6,600 hectare land package that the Company controls surrounding the El Roble mine.” Mr. Ganoza added, “We have intensified our efforts to further explore the area between Anomaly 42 and the recently discovered La Dicha target, two of the fifteen prospective drill targets the Company has identified at El Roble project.”
Massive Sulfide Outcrop
A continued exploration program of mapping and sampling on the favorable El Roble massive sulfide horizon has discovered an outcrop of massive sulfide breccia approximately 4.5 km northwest of the El Roble mine, adjacent to areas where previous rock chip sampling and litho-geochemistry had indicated elevated alteration indices frequently associated with massive sulfide mineralization namely, the chlorite-carbonate-pyrite index (CCPI) and Ishikawa alteration index (Al), as well trace element vectors.  The discovery was made just outside the area previously covered by airborne magnetic and VTEM surveys and lies along strike from rock chip samples anomalous in gold, silver, lead, copper, mercury, and selenium at the La Dicha area where banded pyrite-pyrrhotite mineralization crops out, and ground magnetic anomaly 42, a strike length of approximately 1.5 km.
The discovery of massive pyrite-pyrrhotite veins and infill in a chlorite-quartz breccia matrix against a basalt-“black chert” contact which is in the same favorable, relative stratigraphic position as the El Roble mine, indicates an area of about 1.5 x 1 km having strongly enhanced exploration potential for a massive sulfide hydrothermal center. The sulfide breccia outcrop while not indicating economic mineralization is a strong indicator of an environment of hydrothermal activity similar to that, which produced the El Roble copper gold massive sulfide deposit.
Exploration for a second massive sulfide center northwest of the EL Roble mine will now focus on detailed mapping, trenching and extending the area of mineralization together with ground time-domain EM, IP and magnetic surveys to determine drill targets.
Read full press release.
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