Atico Mining (ATY-V) increases NI 43-101 inferred resource at El Roble
June 26, 2013 - News Release
Atico Mining Corp.'s initial National Instrument 43-101 mineral resource estimate for its El Roble project has established an inferred mineral resource of 1.58 million tonnes at 4.45 per cent copper (Cu) and 3.17 grams per tonne (g/t) gold (Au) using a cut-off grade of 0.72 per cent copper equivalent (CuEq). All of these announced resources occur at depth below the existing El Roble mine workings. In the coming months, Atico will continue to further drill test the extensions of the defined inferred mineral resources at depth and strike, as well as other prospective areas. Fernando E. Ganoza, CEO, commented: "We are extremely pleased with the outcome of our initial mineral resource estimate for El Roble mine. The grades continue to be remarkable at depth and the volume is very encouraging given the deposit is still open at depth and along strike." Mr. Ganoza added, "The resource estimate, along with the recently completed engineering studies and assessment of current operations, support Atico's plan to exercise the option agreement this year and quickly bring newly discovered resources into production using the existing operating mine and mill infrastructure."
The resource estimate was prepared in accordance with the definitions in the Canadian National Instrument 43-101 and based on data from 30 drill holes totaling 6,084 meters completed by Atico, during 2012 and up to February 20, 2013. An additional 33 drill holes totaling 1,784 meters completed by Minera El Roble (MINER), current operator of the mine and independently reviewed, logged and sampled by Atico were also included. Mr. Michael Lechner and Mr. Donald Earnest have acted as independent qualified persons, as defined by the Canadian National Instrument 43-101 and have reviewed and approved the resource estimate.
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