Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1594)	6/26/2013 9:29:42 AM
From: Goose94	Read Replies (1) \| Respond to of 203362

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. View rest of News Release at www.aticomining.com