Atico Mobilizes Diamond Drill Rigs to La Plata Project in Ecuador
January 28 2020 - 8:30AM
Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY |
OTC: ATCMF) is pleased to announce its exploration and development
plans for 2020. The Company is presently mobilizing diamond drill
rigs to La Plata project in Ecuador in preparation to start the
exploration drill program in the following days. Concurrently, the
drill program at El Roble project in Colombia has already begun.
The Company is planning an aggressive 2020 drill
campaign totaling approximately 20,000 to 25,000 meters between
both projects in line with focusing on the following objectives for
2020:
- Mobilize three drill rigs to La Plata project and initiate the
exploration drill program. Complete between 7,000 and 10,000 meters
of drilling to infill and expand current resources.
- Continue the drill program at the El Roble project in Colombia.
The exploration program calls for drilling with two rigs on surface
and one underground.
- Engineering department to continue optimizing operations at El
Roble following the installation of the new SAG mill.
- Atico’s team to focus on fast-tracking the feasibility study on
the La Plata advancing all engineering and environmental
initiatives at the project.
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 while developing
its La Plata project and is pursuing additional acquisition
opportunities. For more information, please visit
www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. GanozaCEOAtico Mining
Corporation
Trading symbols: TSX.V: ATY | OTC: ATCMF
Investor RelationsIgor DutinaTel:
+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 included herein, other than statements of historical
fact, are forward-looking statements. Forward-looking statements in
this announcement include, without limitation, statements related
to the merits of the Claim, the likelihood of success of the Claim,
the timing for resolution of the Claim, the Company’s intentions
regarding defending the Claim and the Company’s plans with respect
to its projects and future acquisitions. 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 materially from the Company’s expectations include
uncertainties relating to the merits of the Claim; the assessment
of applicable Colombian law; the Company’s ability to defend the
Claim; 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
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