Atacama Copper Commences Exploration at the Placeton Project
News Release No:21-01
TSX.V: ACOP
Atacama Copper Corp.
550 -800 West Pender Street | Vancouver | BC | V6C 2V6
www.atacamacopper.ca
1
Atacama Copper Commences Exploration at the Placeton Project
Vancouver, British Columbia – September 20, 2021 –Atacama Copper Corporation ( TSXV:ACOP) (“Atacama
Copper” or the “Company”) is pleased to announce the commencement of field operations at its 100% owned
Placeton project (“Placeton”).
“We are excited to commence exploration at Placeton. The project lies directly between and within 15km of both
the El Morro copper-gold project and the Relincho copper-moly project and along a major 50km wide NW-SE
structural trend which is believed to be a major conduit of intrusions and fluids into the region. These factors,
along with the findings of the historical surface exploration work which identified at least four mineralised targets
within the project area demonstrates the potential for the project, which we are excited to try to unlock.” said Gino
Zandonai, Chief Executive Officer of Atacama Copper. Mr. Zandonai also added “While our near-term focus is on
the follow-up exploration of Placeton, we will continue to leverage our in-country expertise in reviewing
opportunities to expand our footprint within Chile.”
Over the next three months, Atacama Copper will build on the existing exploration knowledge of the project and
focus on developing drill targets over the four-known mineralisation areas previously identified across Placeton,
being made up of the Placeton, North, Central and South targets and the Caballo Muerto target.
Figure 1: Concession and Target Map
The near-term work program will consist of a detailed geological mapping and surface geochemistry program
across approximately 30km 2 of the total 72.5km 2 land package that makes up Placeton. The study will provide
detailed surface geological and structural mapping to the better target the subsequent geophysics program.
News Release No:21-01
TSX.V: ACOP
Atacama Copper Corp.
550 -800 West Pender Street | Vancouver | BC | V6C 2V6
www.atacamacopper.ca
2
In parallel, a low altitude magnetometry drone survey will be conducted using a GeoMagDrone unmanned aerial
vehicle over 40km2 covering Placeton. The survey will assist in the identification of magnetic susceptible materials;
subsurface lithology; identification of potential structural controls; as well as the potential identification of deep
and blind intrusives as a possible source of primary mineralisation.
These survey’s will be followed up by on-ground resistivity and Induced Polarisation geophysics survey across +20
lines, totalling approximately 60-70km. These surveys are designed to identify the presence of mineralised bodies
with metallic sulphides up to a depth of 600m below surface.
A drill program consisting of approximately 2,000m of diamond drilling across the identified targets is planned for
Q1 2022. The program will be funded from available cash on hand.
About the Placeton Project
The Placeton Projects which together include the Placeton North, Central and South targets along with the Caballo
Muerto taget comprise of 7,257 hectares in thirty-nine exploitation tenements that are 100% owned by
Aconcagua Minerals SpA.
Placeton is located directly between the Relincho project (15 kilometers southeast) and the El Morro project (25
kilometers west) owned by NuevaUnión, a joint venture owned by Teck and Newmont Mining.
Placeton shows geological features of a Cu-Mo-Au mineralized sub-volcanic complex with characteristics that are
common in the upper part of many porphyry copper systems in the Andean Region. Copper mineralization is
primarily hosted by an epizonal magmatic-hydrothermal system centered on small porphyritic felsic stocks and
dacitic-rhyolitic dome complexes, within a cluster of at least four centers of mainly phyllic alteration within a
broad propylitic background.
A number of small artisanal mines are located across the tenement area and have previously been worked in small
vein structures for copper, silver and gold. Mineralization identified during the different exploration campaigns is
related to small epizonal stocks and dikes of intermediate to acid nature.
Past exploration work at Placeton comprises surface mapping and geochemical sampling along defined profiles as
well as two IP/resistivity profiles, no drilling has been performed up to date. This work has identified four targets
of potential mineralization. Follow-up surface geological and structural mapping work, surface geochemistry, and
geophysics is required to validate historical results and to define potential drill targets. The Caballo Muerto target
is located 10 kilometers east of the Placeton targets and 15 kilometers northwest of the El Morro project. Past
exploration work on Caballo Muerto is limited to surface mapping and geochemical sampling.
About Atacama Copper Corporation
Atacama Copper Corporation is a resource company focussing on the acquisition, exploration and development
of copper properties in Chile. It is committed to advancing the exploration and development of the Placeton and
El Cofre projects, while concurrently looking to increase its asset portfolio through the acquisition and
development of other high-value copper exploration, development and production opportunities in Chile.
Atacama Copper is currently focusing on the exploration of its Placeton project, an area located between the
Relincho copper and El Morro copper-gold projects that comprise NuevaUnión, a joint venture owned by Teck and
Newmont Mining.
News Release No:21-01
TSX.V: ACOP
Atacama Copper Corp.
550 -800 West Pender Street | Vancouver | BC | V6C 2V6
www.atacamacopper.ca
3
Additional Information – Please contact
For further information, please contact:
Atacama Copper Corporation
Gino Zandonai
Chief Executive Officer and Director
Email: [email protected]
Phone: +56 997 915 596
Qualified Person
The technical information contained in this news release has been reviewed and approved by Gino Zandonai of
Atacama Copper Corporation, a "Qualified Person" within the meaning of National Instrument 43-101.
Cautionary Statements
This news release contains “forward-looking information” and “forward-looking statements” (collectively,
“forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All
statements, other than statements of historical fact, are forward-looking statements and are based on
expectations, estimates and projections as at the date of this news release. Any statement that involves
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future
events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is
expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”,
“believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results
“may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical
fact and may be forward-looking statements.
In this news release, forward-looking statements relate to, among other things, statements relating to
expectations regarding the exploration and development of the Placeton and El Cofre projects, including planned
exploration and drilling activities, and other statements that are not historical facts. By their nature, forward-
looking statements involve known and unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future events, to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements. Such factors and
risks include, among others: the Company may require additional financing from time to time in order to
continue its operations which may not be available when needed or on acceptable terms and conditions
acceptable; compliance with extensive government regulation; domestic and foreign laws and regulations could
adversely affect the Company’s business and results of operations; the stock markets have experienced volatility
that often has been unrelated to the performance of companies and these fluctuations may adversely affect the
price of the Company’s securities, regardless of its operating performance; and the impact of COVID-19.
The forward-looking information contained in this news release represents the expectations of the Company as
of the date of this news release and, accordingly, is subject to change after such date. Readers should not place
undue importance on forward-looking information and should not rely upon this information as of any other
date. The Company undertakes no obligation to update these forward-looking statements in the event that
management’s beliefs, estimates or opinions, or other factors, should change. Forward-looking statements are
News Release No:21-01
TSX.V: ACOP
Atacama Copper Corp.
550 -800 West Pender Street | Vancouver | BC | V6C 2V6
www.atacamacopper.ca
4
necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to
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