10:40 AM EDT, 04/04/2024 (MT Newswires) -- Atico Mining Corp. ( ATCMF ) reported Thursday results for the latest 49 drill holes at the El Roble mine in Colombia.

Highlights include 20.70 meters of 5.76% copper and 4.46 g/t gold; and 11.50 meters of 8.16% copper and 8.09 g/t gold.

"These strong assay results continue to increase confidence in our view that additional high-grade copper and gold mineralization remains both within the historically defined bodies and beyond the previously outlined mineralized shell and are open at depth and along strike," CEO Fernando Ganoza said.

Atico said it conducted 7,880 meters of infill drilling in 77 holes during the first quarter to test the main mineralized body and the adjacent area. The company will continue the drill campaign throughout the year.

The company's shares jumped 14.6% at last look following the news.

Price: 0.24, Change: +0.03, Percent Change: +14.63