Atico Mining Discovers New Massive Sulfide and Provides Exploration Update
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Atico Mining Discovers New Massive Sulfide and Provides Exploration Update
Vancouver, September 12th, 2017 -- Atico Mining Corporation (TSX.V: ATY | OTC:
ATCMF),(“Atico” or the “Company”) is pleased to announce preliminary results of a 15 holes,
2863 meter drill program (ATDHAR-05 to ATDHAR-19) that tested a 450 meter strike length
between the northern end of the El Roble mine and a historical intersection of massive sulfide
mineralization at Archie target.
Results from holes ATDHAR-05, ATDHAR -08, ATDHAR -09 & ATDHAR -10 have been
received, while results from the remaining holes ATDHAR-06, ATDHAR-07, ATDHAR-11 to
ATDHAR-19 are pending. Data from drill holes ATDHAR -01 to ATDHAR -04, referred to
below have been reported in a previous news release dated June 26, 2013.
Fernando E. Ganoza, CEO, commented: “Intercepting a copper-rich massive sulfide fragment
at the Archie target, just north of El Roble Mine, along with the newly discovered geological
indications has made this site a near term priority. We will continue assessing the Archie
information as it becomes available to delineate the next phase of drilling while also continuing
the preparation of additional targets.”
Regional Exploration Drilling Update
The highlight of the drill prog ram was an intersection of 2.8 meters of copper-rich massive
sulfide from 18 meters in hole ATDHAR-09. The intercept assayed 2.39 % Cu, 1.69 g/t Au and
6.5 g/t Ag. Hole ATDHAR-05 intersected 3.3 meters of 1.00% Cu, 0.88 g/t Au and 3.9 g/t Ag
from 2.2 meters. Hole ATDHAR-08 intersected 3 meters of 1.17% Cu, 2.24 g/t Au, 6.59 g/t Ag
from 157.2 meters. Hole ATDHAR-10 intersected 5.5 meters of 1.27% Cu, 0.17 g/t Au and 6.66
g/t Ag from 2.5 meters. H oles ATDHAR-03, ATDHAR -04 and ATDHAR-09 encountered
“black chert”, the favorable host horizon, strongly anomalous in silver at depth some 280 meters
north of the Zeus mineralization. Likewise silver is strongly anomalous near the top of hole
ATDHAR-02. Geochemically anomalous silver has been shown to form a halo around massive
sulfide mineralization.
The drill program has significantly clarified the geology of the area between the El Roble mine
and the Archie target. A sub -vertical fault filled by andesitic dykes north of the Zeus
mineralization has been verified. North of this boundary there is a change in attitude of the
prospective basalt-“black chert” contact from sub -vertical to east -dipping. Consequently any
future exploration to trace the extent to the massive sulfide intercept in hole ATDHAR -09
should be directed to intersect this east-dipping contact at depth and along strike toward the El
Roble Mine.
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Hole ID From
(m)
To
(m)
Interval
(m)
Cu
(%)
Au
(g/t)
Ag
(g/t)
ATDHAR-02 7.2 56.0 48.8 nsr Anomalous
ATDHAR-03 239.5 242.0 2.5 nsr Anomalous
ATDHAR-04 296.0 303.7 7.7 nsr Anomalous
ATDHAR-05 2.2 5.5 3.3 1.00 0.88 3.9
ATDHAR-08 157.2 160.2 3.0 1.17 2.24 6.59
ATDHAR-09 18.0 20.8 2.8 2.39 1.69 6.5
ATDHAR-10 2.5 8.0 5.5 1.27 0.17 6.66
nsr – No Significant Result
El Roble Mine
The El Roble mine is a high grade, underground copper and gold mine with nominal processing
plant capacity of 800 tonnes per day, located in the Department of Choco in Colombia. Its
commercial product is a copper-gold concentrate.
Since obtaining control o f the mine on November 22, 2013, Atico has upgraded the operation
from a historical nominal capacity of 400 tonnes per day.
El Roble has a measured and indicated resource of 1.87 million tonnes grading 3.46% copper
and 2.27 g/t gold, at a cut-off grade of 0.93% copper equivalent. Mineralization is open at depth
and along strike and the Company plans to further test the limits of the resource.
On the larger land package, the Company has identified a prospective stratigraphic contact
between volcanic rocks and black and grey pelagic sediments and cherts that has been traced by
Atico geologists for ten kilometers. This contact has been determined to be an important control
on VMS mineralization on which Atico has identified numerous target areas prospective f or
VMS type mineralization occurrence, which is the focus of the current surface drill program at
El Roble.
Qualified Control
Dr. Demetrius Pohl, Ph.D., AIPG Certified Geologist, a qualified person under NI 43 -101
standards and independent of the Company, is responsible for ensuring that the information
contained in this news release is an accurate summary of the original reports and data provided
to or developed by Atico Mining Corporation. Dr. Pohl has approved the scientific and technical
content of this news release
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About Atico Mining Corporation
Atico is a growth-oriented Company, focused on exploring, developing and mining copper and
gold projects in Latin America. The Company operates the El Roble mine and is pursuing
additional acquisition opportunities. For more information, please visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. Ganoza
CEO
Atico Mining Corporation
Trading symbols: TSX.V: ATY | OTC: ATCMF
Investor Relations
Igor Dutina
Tel: +1.604.633.9022
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The
securities being offered have not been, and will not be, registered under the United States Securities Act of 1933,
as amended (the ‘‘U.S. Securities Act’’), or any state securities laws, and may not be offered or sold in the United
States, or to, or for the account or benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act)
unless pursuant to an exemption therefrom. This press releas e is for information purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward Looking Statements
This announcement includes certain “forward-looking statements” within the meaning of Canadian securities
legislation. All statements, other than statements of historical fact, included herein, without limitation the use of
net proceeds, are forward-looking statements. Forward- looking statements involve various risks and uncertainties
and are based on certain factors and assumptions. There can be no assurance that such statements will prove to
be accurate, and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company’s expectations include
uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits;
uncertainty of estimates of capital and operating costs; the need to obtain additional financing to maintain its
interest in and/or explore and develop the Company’s mineral projects; uncertainty of meeting anticipated
program milestones for the Company’s mineral p rojects; and other risks and uncertainties disclosed under the
heading “Risk Factors” in the prospectus of the Company dated March 2, 2012 filed with the Canadian securities
regulatory authorities on the SEDAR website at www.sedar.com