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Atico Mining Extends Ore Body at El Roble Mine in Colombia with Initial Intercepts up to 24.3m of 3.70% Cu, 8.40g/t Au, including 7.3m of 6.41% Cu and 20.00g/t Au
VANCOUVER, British Columbia, May 23, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (TSX.V: ATY | OTCQX: ATCMF) (“Atico” or the “Company”) is pleased to anno
About this update from Atico Mining Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, May 23, 2023 (GLOBE NEWSWIRE) -- Atico Mining Corporation (TSX.V: ATY | OTCQX: ATCMF) (“Atico” or the “Company”) is pleased to announce that the initial exploration program being carried out in an area of historical mining to expand tonnage at the El Roble mine has returned positive initial results. In addition, the Company reports the results for five diamond drill core holes (ATD-0160 through ATD-0179), which included 24.3m of 3.70% copper and 8.40g/t gold and 31.8m of 3.40% copper and 2.01g/t gold, respectively. “We are pleased to report that our mine vicinity drill campaign has successfully intercepted new mineralization and an extension of the main historic massive sulphide body at the El Roble deposit. This area that was mined by operators previous to Atico obtaining control of the mine on November 22, 2013,” said Fernando E. Ganoza, CEO. “These results continue to increase confidence in our view that additional high-grade copper and gold mineralization remains both within the historically defined bodies and beyond the previously outlined mineralized shell. These strong assay results are open at depth and along strike and we will continue the drill program in this vicinity and into the second half of the year at which time the Company plans to update the resource estimate.” Exploration Drilling Results Include: Hole From (m) To (m) Interval (m) Cu (%) Au (g/t) ATD-0160 36.6 68.4 31.8 3.40 2.01 Including 53.5 56.5 3.0 3.90 7.04 ATD-0163 40.0 69.5 31.0 2.62 2.43 Including 60.5 69.5 9.0 5.71 4.40 ATD-0179 38.75 78.0 24.3 3.70 8.39 Including 38.75 46.0 7.3 6.41 20.00 True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 90% and 95% of the drill intercept. Exploration Drilling Program The goal of the current surface and underground drilling program at the El Roble mine is to define zones of mineralization within the extent of main historic massive sulphide body that were not exploited by previous operators and also to expand the historically identified resource. During the first quarter of 2023, the Company began a drill program to test the main mineralized body and the immediately adjacent area. A total of 3,765 meters of drilling are planned for 2023, of which final results for initial three drill holes have been received. El ...