Atico Reports on Union Negotiations at El Roble Mine, Colombia
1/2
Atico Reports on Union Negotiations at El Roble Mine, Colombia
Vancouver, February 13, 201 9 -- Atico Mining Corporation (TSX.V: ATY | OTC:
ATCMF)(“Atico” or “Company”) reports that it has received strike action notice from the local
union after being unable to reach a new 2 year collective agreement at the El Roble mine.
The Company continues to negotiate with the local union and is working diligently towards
bringing a swift and satisfactory resolution for all parties involved . Mining operations and
exploration activity at El Roble have been suspended.
The Company has activated its protocol to maintain mine and infrastructure on stand by while
the strike is ongoing and is prepared to reinitiate operations as soon as an agreement is reached.
El Roble Mine
The El Roble mine is a high grade, underground copper and gold mine with nominal processing
plant capacity of 8 50 tonnes per day, located in the Department of Choco in Colombia. Its
commercial product is a copper-gold concentrate.
Since obtaining control of the mine on November 22, 2013, Atico has upgraded the operation
from a historical nominal capacity of 400 tonnes per day.
El Roble has Proven and Probable reserves of 1.47 million tonnes grading 3.40 % copper and
1.88 g/t gold, at a cut -off grade of 1.93% copper equivalent. Mineraliza tion is open at depth
and along strike and the Company plans to further test the limits of the deposit.
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 for VMS type mineralization occurrence, which is the focus of the current surface
drill program at El Roble.
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
2/2
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 release 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 materia lly 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 projects; 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