Atico drills 119 meters of 6.9% copper and 6.3 g/t gold discovers new massive sulfide body at El Roble mine in Colombia
Friday, Jan 25, 2013Atico Mining Corporation (TSX VENTURE:ATY) announces that ongoing underground drilling at its El Roble mine project in Colombia has discovered a significant new massive sulfide body at the north end of known mineralization, which now extends 360 meters along strike and 250 meters below level 2000, the lowest production level at the mine. The company also reports results of seven new diamond drill core holes (ATDHR-20 through ATDHR-26), which included 119 meters of 6.9% copper and 6.3 g/t gold.
Fernando E. Ganoza, CEO, commented, "Drilling continues to discover new and extend high-grade massive sulfide copper and gold bodies in the immediate vicinity of the El Roble mine. The discovery of a major new mineralized lens at the north end of the operating mine not only adds significantly to the mineralization, but also increases the potential to discover additional mineralization below and beyond the current mine limits. I am very encouraged by results to date, as El Roble presents a significant opportunity to quickly bring newly discovered resources to production using the existing mine and mill infrastructure."
Underground Drilling Program
The ongoing underground drilling program is adding high-grade copper-gold massive sulfide mineralization lateral to and below El Roble mine workings. Atico's latest drill results have extended the mineralization 130 meters to the north of the recently discovered Goliath body and at least 250 meters below the 2000 meter level, the lowest production level at El Roble. New mineralized drill intercepts in holes ATDHR-23, ATDHR-24 and ATDHR-26 are interpreted as comprising two separate massive sulfide bodies, Aquiles and Zeus. Atico's interpretation of these bodies is based on mineralized intercepts, characteristics of the massive sulfide mineralization, known strike and dip of the host black chert unit and structural controls of mineralization at the El Roble mine. Textures and metal content in the mineralized lenses discovered to date are consistent with zoning patterns found in other VMS (volcanogenic massive sulfide) systems and suggest that further mineralization remains to be discovered in the near mine vicinity.