Atico drills 88.7 meters of 5.4% Cu and 2.5 g/t Au at El Roble Mine, Colombia
Tuesday, Dec 11, 2012
Atico Mining Corporation (TSX VENTURE:ATY) is pleased to announce additional results from its ongoing underground drilling program at the El Roble mine.
The company reports results of 10 new diamond drill core holes, including 4 production holes drilled by Minera El Roble, current operator of the El Roble mine, and independently sampled and assayed by Atico. Reported drill holes extend the limits of massive sulfide bodies previously intercepted below the 2000 meter level.
Fernando E. Ganoza, CEO of Atico, commented, "We are extremely pleased by the success of our drill program in growing the mineralized zone at El Roble mine. Drilling continues to discover new and extend known high-grade massive sulfide copper and gold bodies in the immediate vicinity of the operating mine. The newly discovered, high-grade mineralization below the current mine workings remains open at depth and along strike. Results to date are supportive of our view that El Roble presents a significant opportunity to rapidly bring newly discovered resources to production in the near term by taking advantage of the existing mine and mill infrastructure."
The ongoing underground drill program aims to add additional resources of high-grade copper-gold massive sulfide mineralization lateral to and below the existing mine workings. Atico's drill results have proven that mineralization extends at least 200m below the 2000 meter level, currently the lowest production level at El Roble mine. The mineralized drill intercepts are interpreted as comprising several, individual massive sulfide bodies named Maximus and Goliath (Atico holes), and Apollo, Orion and Andromeda (Minera El Roble drill holes, independently assayed by Atico).
Atico's interpretation of the separate massive sulfide 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 the 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 systems and suggest that further mineralization remains to be discovered in the near mine vicinity.