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Atico Mining Continues to Intercept High Grades Including 204 g/t Au, 486 g/t Ag and 17% Cu, Over 1.45 Meters and Confirms Third VMS Lens at La Plata, Ecuador
VANCOUVER, British Columbia, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to updat
About this update from Atico Mining Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to update its shareholders on the positive advances of its drilling program at the La Plata precious metals-rich volcanogenic massive sulphide (“VMS”) project in Ecuador. La Plata Drilling Highlights Include: Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%) Zn (%) CMLP-20-109* 296.77 301.8 5.02 11.46 177.26 0.83 8.10 and 306.89 311.4 4.53 1.59 26.61 3.17 7.08 CMLP-20-136 123.32 138.2 7.38 4.43 60.24 3.76 6.32 CMLP-20-137 86.55 89.95 3.40 87.90 247.9 8.59 2.56 including 86.55 88.00 1.45 204.0 485.9 17.4 4.18 True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 76% and 83% of the drill intercept.* Hole was drilled in the south block and used for new metallurgical testing New drilling reports confirmation of a third lens at the Guatuza target within a larger VMS system. Infill drilling of the North Block reports additional high grade VMS intercepts. Resource expansion drilling reports positive results in North Block. Alain Bureau, Atico’s President, commented: “As VMS deposits tend to occur in clusters, we are seeing significant evidence that this project is no exception to this thesis. The drill rigs will keep turning during for rest of 2020 and all of 2021 as good results keep coming and confirming the possibility of adding significant tonnage with the discovery of a third lens.” Third lens confirmed and larger VMS footprint revealed Last week’s drill holes reported significant massive sulfide intercepts at the Guatuza target, confirming mineralization continuity of the previously completed surface trenching executed some 210 meters from the La Mina deposit. This exercise confirms a third lens within the La Mina structure. The new drill holes completed on this target area called Guatuza, intercepted a significant mineralization showing thickness of various meters of massive sulfides and semi-massive sulfides which continued by crossing through a stockwork zone directly below. The cores have been immediately logged, prepared and sent to Lima for their geochemistry analysis. Laboratories are working at full capacity at this moment and we are expecting certified results in due course. Drill hole CMLP-2...