Production Results At El Roble Mine
VANCOUVER, BC - Atico Mining Corporation reported that production totaled 2.9 million pounds of copper with 3,304 ounces of gold and 9.1 million pounds of copper with 9,538 ounces of gold in concentrates for the fourth quarter and full year 2014, respectively.
"Atico concluded its first full year of operating and scaling up the El Roble mine with strong operational results in the fourth quarter. Last planned changes at the mill have been completed in early January to achieve the run rate of 650 tonnes per day" said Fernando E. Ganoza, CEO. "The scale-up of the El Roble mine, executed through 2014, positions the Company to significantly improve cash flow from operations while continuing to focus on organic growth opportunities at the mine and contiguous land package."
The infill drill program at El Roble mine continues as scheduled with the focus on Zeus massive sulfide body. The first two drill holes have crosscut longer mineralized intercepts than suggested by the inferred wireframe of the massive sulfide body. Core samples have been shipped to the primary assay lab in Medellin with results pending. Drilling continues at Zeus with the third drill hole designed to test the lower end of the sulfide body.
The El Roble mine is an underground copper, gold and silver mine and processing plant located in the Department of Choco in Colombia. Its commercial product is a copper concentrate with gold and silver by-product credits.
With a nominal capacity of 400 tonnes per day, the mine has processed over the past twenty-two years, a total of over 1.5 million tonnes of ore at an average head grade of 2.6% copper and an estimated gold grade of 2.5 g/t. Copper and gold mineralization at the El Roble property occurs in volcanogenic massive sulfide ("VMS") lenses.