12:02 PM EDT, 03/12/2024 (MT Newswires) -- Atacama Copper Corp. (ACOP.V) said Tuesday that it has initiated a 10,000-meter diamond drilling program at its wholly-owned Cristina precious metals project in southwestern Chihuahua State, Mexico.

The Cristina project consists of multiple outcropping quartz veins that are frequently greater than 10 meters in width and extend for a currently known strike length of up to 5 kilometers.

The current mineral resource estimate comprises indicated resources of 17.5 megatons at 0.51 grams per ton of gold, 33.8 grams per ton of silver, 0.47% zinc, 0.19% lead, and 0.04% copper, for a contained 752,000 gold-equivalent ounces.

The company reported inferred resources of 19 megatons at 0.51 grams per ton of gold, 27.5 grams per ton of silver, 0.50% zinc, 0.19% lead, and 0.05% copper, for a contained 777,000 gold-equivalent ounces.

The company's stock was down nearly 1% on last look on Tuesday.

Price: 1.02, Change: -0.02, Percent Change: -1.92