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Atacama Copper Announces Initial Exploration Results at the Placeton Project
Vancouver, British Columbia--(Newsfile Corp. - March 28, 2022) - Atacama Copper Corporation (T...
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[{"type":"text","content":"Atacama Copper Announces Initial Exploration Results at the Placeton ProjectVancouver, British Columbia--(Newsfile Corp. - March 28, 2022) - Atacama Copper Corporation (TSXV: ACOP) (\"Atacama Copper\" or the \"Company\") is pleased to announce the results and near completion of the initial phase of exploration at its 100% owned Placeton and Caballo Muerto projects (together the \"Project\"). The highlights of the program, results and next steps include:Fieldwork focused on the existing Placeton North, Placeton Central, Placeton South and Caballo Muerto targets covering approximately 2,000 Ha of the 4,428 Ha Placeton tenement package.Completion of surface geological and structural mapping, geochemistry survey, magnetics and near completion of geophysics covering all four target areas.Results identified two high-priority porphyry targets in Placeton Central-North and Caballo Muerto based on multiple occurrences of D-veins, phyllic alteration and leach capping, including geophysical and copper and molybdenum geochemical anomalies. Placeton South remain an area of high interest but requires further follow-up work to confirm and upgrade its potential.Placeton Central-North: Identification of a notable untested 1 x 1 km high magnetization anomaly, which partially coincides with the phyllically altered monzodioritic porphyry unit outcropping and with several copper mineralization occurrences at surface and molybdenum anomalies.Caballo Muerto: Identification of a new untested 2 x 1 km North-South elongated, geological-geophysical target with high-chargeable IP anomaly centered on a high-moderate magnetic anomaly below the phyllically altered porphyry outcrop.A follow-up geophysical IP program is planned for April 2022 with a focused strategy in better defining the sulfide-related anomalies along and below high-priority target, to refine drill targets in Placeton Central-North and Caballo Muerto. Drilling is planned to commence immediately following this.Gino Zandonai, CEO of Atacama Copper said, \"We are excited to have nearly completed the first phase of the exploration program on the Placeton project. The results have reinforced our conviction that the Placeton tenement package contains at least four porphyry targets, of which two have, to-date, been designated as high-priority. We look forward to progressing the follow-up geophysical...