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Atico Mining Provides Exploration Update
VANCOUVER, British Columbia, July 11, 2018 (GLOBE NEWSWIRE) -- Atico Mining Corporation (TSX.V:ATY) (OTC:ATCMF) (“Atico” or the “Company”) is pleased to announc
About this update from Atico Mining Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, July 11, 2018 (GLOBE NEWSWIRE) -- Atico Mining Corporation (TSX.V:ATY) (OTC:ATCMF) (“Atico” or the “Company”) is pleased to announce the completion of two IP-DAS surveys covering the area from northwestern Archie prospect through the mine to the southern Estrella target area, which have indicated exciting new exploration targets near and below the mine. Fernando E. Ganoza, CEO, commented: “The exploration work and drilling we have completed since late 2017 have returned encouraging results for the occurrence of massive sulphide mineralization at the El Roble property. These results confirm the need to continue drill testing the anomalous targets and merits scaling-up the drill program for the remainder of the year. We continue to believe the property remains highly prospective to host additional massive sulphide mineralization.” Exploration Update During the first quarter the Company completed 315 stations on 120 channels of IP-DAS geophysics over an area 2 km x 1 km covering an area from the Archie prospect in the north, through the El Roble Mine area and over the Estrella area southeast of the mine. (Figure 1) The IP-DAS has a depth penetration capability exceeding 700 m and has outlined several linear trends of combined chargeability and resistivity anomalies coincident with the mapped “black chert” lithology. These trends are designated as the Eastern trend, the Central or Mine trend, and the Western trend. Each trend contains several, distinct, strong chargeability-resistivity anomalies similar to that expressed over the mine area. More significantly, the IP-DAS shows an intense anomaly associated with the immediate mine area, which is part of a linear northwest-southeast trend of anomalies coincident with the “black chert” unit. A second, linear trend of anomalies appears coincident with eastern occurrence of the \"black chert” in the Archie area. The IP-DAS anomalies clearly show fault offsets. The IP-DAS has outlined 6 targets (18 anomalies inside all) on the Mine trend Western and the Eastern trend which warrant drill testing (Figure 2). Of particular significance is a strong anomaly offset by faulting to the SE of the mine workings as well as strong anomalies in the Archie area and Eastern trend. The IP-DAS anomalies in the Eastern and Central trends are coincident with Ag and Zn trace ele...