Atico is pleased to announce that ongoing underground drilling at the El Roble mine continues to intersect and extend to depth high-grade massive sulfide and gold mineralization below the 2000 meter level, the lowest production level at the mine at 250 meters below surface. Atico reports the results of 11 new diamond core holes drilled, including 5 production holes drilled by Minera El Roble, current operator of the El [...]
Atico is pleased to provide an update on its exploration program at El Roble property located near Carmen de Atrato, Colombia. The initial underground drill program has been completed and a second round of underground drilling has commenced following completion of a down-hole EM survey. In parallel, a second rig is drilling from the surface the first prospective area in the 10 kilometer favorable trend. Initial targets to [...]
Atico is pleased to announce assay results for the first 4 underground drill holes from its optioned El Roble project in Colombia, located 4 hours by paved highway southwest of the city of Medellin. Drilling is currently being conducted from the 2000m level to find additional massive sulfide bodies at depth. Mr. Fernando E. Ganoza, CEO of Atico Mining Corporation, commented, "We are extremely pleased with the results of [...]
Atico is pleased to announce that drilling has commenced on its optioned, 8,361 hectares El Roble property in Colombia located 4 hours by paved highway southwest of the city of Medellin. The initial program consists of 16 underground diamond drill holes totaling over 2,000 meters which are part of the "nearfield" mine-vicinity program to explore for additional, high-grade, massive sulfide bodies lateral to and below the [...]
Atico is pleased to announce that Mr. Fernando E. Ganoza was appointed Chief Executive Officer on April 24. Mr. Fernando Ganoza has a BSc. in Mining Engineering from the Universidad de Antofagasta in Chile and an MBA from the Darden School of Business at the University of Virginia. He has over 11 years of management experience in Latin America including roles in Peru and Mexico as Project Manager and Country Manager for [...]
Atico is pleased to provide an update of its 2012 exploration program at the El Roble Project located in Carmen de Atrato, Colombia. The Company has initiated a two-pronged approach to explore the El Roble Project including a district-scale program for new massive sulfide deposits in a 10 kilometer prospective trend and a "nearfield" mine-vicinity program to explore for additional massive sulfide bodies lateral to and [...]
Atico is pleased to announce that, further to its news release dated March 20, 2012, the exercise of the over-allotment option to acquire an additional 3,000,000 common shares of the Company at the offering price of $0.50 per common share for gross proceeds of $1,500,000 by Canaccord Genuity Corp. has closed today.
Atico is pleased to announce that, further to its initial public offering of 20,000,000 common shares, Canaccord Genuity, as agent for the Offering has delivered a notice to the Company of its intention to exercise the entire over-allotment option to acquire an additional 3,000,000 common shares of the Company at the offering price of $0.50 per common share. On closing, the over-allotment option is expected to provide an [...]
Atico is pleased to announce that today it has successfully closed its initial public offering of common shares. Pursuant to the Offering, Atico issued 20,000,000 common shares at a price of C$0.50 per common share, for aggregate gross proceeds of C$10 million. Upon the closing of the Offering, there were 36,761,111 common shares issued and outstanding, of which 12,819,444 common shares were being held in escrow.
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