Atico Mining Corporation obtains the Certificate of Viability for the Tailing and Barren Rock Storage Facilities for La Plata Project in Ecuador
08 June 2022 - 6:30AM
Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY |
OTC: ATCMF) is pleased to announce that it has received its
certificate of viability (“the Certificate”) from the Mining and
Energy Ministry for the construction and operations of its filtered
tailing and barren rock storage facilities for La Plata mining
project located in Ecuador (the “La Plata project”).
Following the announcement that the Ministry of
Environment and Ecological Transition of Ecuador had signed the
approval of the Environmental Impact Study (EIA) for its La Plata
project, the Ministry of Mines and Energy has followed by
delivering to Atico the Certificate for the construction of the
filtered tailings and barren rock storage facilities. The
subsequent step in the permitting process, before the construction
of the mine can begin, is the socialization of the results of the
EIA with the neighboring communities which will be done in
collaboration with officials of the regional government. The
conclusion of this process will then allow the government to
present to the Company the Environmental Licence, being the final
document required to start earth movements and construction.
The La Plata project plan consists of a 900 tpd
underground mining operation with state-of-the-art infrastructure,
the most significant infrastructure being the construction of a
filtered tailings facility, a first of its kind in Ecuador. This
technology, already used at our El Roble mine in Colombia, allows
for efficient use of water by significantly reducing water
consumption through recirculating almost all of the water needs for
the processing plant. The La Plata project also includes the
upgrade of other infrastructures including the upgrade of the
access road, a 69kV powerline and a flotation plant with its
filtered tailing facilities. The GAD and Water Management
Association are presently working on water infrastructures
projects. These water projects will permit the upgrade and
modernization of the existing water supply facilities providing a
better quality of water delivered to operations and the surrounding
communities.
Atico Mining’s success and culture are based on
investing in sustainable development in communities where it
operates through responsible mining with a tremendous emphasis on
the surrounding environment.
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 generates significant cash flow through the
operation of the El Roble mine and is developing its high-grade La
Plata VMS project in Ecuador. The Company is also pursuing
additional acquisition of advanced stage opportunities. For more
information, please visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. GanozaCEOAtico Mining
Corporation
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
Investor RelationsIgor DutinaTel:
+1.604.633.9022
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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, other than statements of
historical fact, included herein, without limitation the use of net
proceeds, are forward-looking statements. 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 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;
the world-wide economic and social impact of COVID-19 is managed
and the duration and extent of the coronavirus pandemic is
minimized or not long-term; disruptions related to the COVID-19
pandemic or other health and safety issues, or the responses of
governments, communities, the Company and others to such pandemic
or other issues; 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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