VANCOUVER, British Columbia, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Atico Mining Corporation (TSX.V: ATY | OTC: ATCMF) ("Atico" or the "Company") is pleased to announce results of the first six holes from its North Block drill program at the La Plata precious metals-rich volcanogenic massive sulphide ("VMS") project in Ecuador. These holes have significant implications as numerous holes have reported wider intercepts than the anticipated mineralized zone included in the initial mineral resource polygon of the North block.
La Plata Drilling Highlights Include:
Hole | From | To | Interval | Au | Ag | Cu | Zn |
CMLP-20-118 | 15.00 | 26.05 | 11.05 | 1.03 | 11.47 | 1.62 | 0.20 |
and | 32.31 | 49.54 | 17.23 | 3.42 | 53.97 | 3.23 | 1.65 |
and | 52.60 | 55.30 | 2.70 | 8.71 | 34.00 | 4.64 | 4.50 |
and | 62.18 | 66.10 | 3.92 | 4.37 | 25.15 | 3.95 | 2.38 |
and | 68.00 | 78.53 | 10.53 | 1.35 | 12.11 | 1.85 | 0.65 |
CMLP-20-123 | 136.00 | 141.33 | 5.33 | 8.62 | 73.43 | 10.89 | 5.64 |
True widths are dependent on uncertainties in the local strike and dip of the mineralization and are estimated to be between 76% and 83% of the drill intercept.
Joseph Salas, Atico's VP Exploration, commented: "These first results of our drilling campaign on the North Block have not only successfully hit high grades but have also intercepted significantly longer intervals of mineralization. This is very encouraging given that now we are continuing the same theme of high grade mineralization beyond the mineral resource polygon, just like we saw drilling the South Block."
Detailed Results:
CMLP-20-118: Was planned to infill the southern upper portion of the north block. It reported over 63 meters of mineralization which represents a significant increase in thickness testing the southern limit. This mineralized zone can be split into 5 zones presenting different layers of semi-massive to massive sulfides cut by narrow dikes of dolerite and old mine workings. Mineralization starts close to surface at just 15m and extending to a depth of 78.53 meters.
CMLP-20-123: This hole was designed to test the lower edge of the North Block and reported 5.33 meters of high-grade gold and copper mineralization ending with disseminated mineralization. This intercept continues to show continuity of high-grade mineralisation as the North Block mineralisation continues at depth.
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