Altiplano Completes 50% Earn-In at the Historic Farellon Copper-Gold Mine in Chile As Joint Venture Stockpiles 200 Tonnes of Copper-Gold Vein Material for Bulk Sample Processing
22 Nov, 2017, 17:43 ET
EDMONTON, Nov. 22, 2017 /CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the "Company") announces that it has earned a 50% interest in the Comet Joint Venture ("CJV").
At Farellon, the CJV has commenced the collection of Copper-Gold-Magnetite mineralized vein material from the Historic Farellon Copper-Gold Mine in Chile. Development of crosscuts towards the Cu-Au vein system was completed by November 15 and initial bulk sampling commenced shortly thereafter. To date, the CJV has stockpiled over 200 tonnes of mineralized vein material in preparation for toll milling. The CJV is currently in discussion with a toll mill to accept delivery of its initial batch of Cu-Au vein material.
CEO John Williamson stated, "We are excited to have advanced our initial project to the bulk sampling stage and look forward to the results of the sale of the initial Copper-Gold-Magnetite mineralized vein material. We expect to collect 2,000 tonnes of mineralized material to evaluate the projects potential."
As part of its ongoing program, the CJV is carrying out the recommendations contained in the APEX Report of February 10, 2017 filed on SEDAR for the exploration development of the Farellon project and is also relying upon past production records, underground sampling and related activities and current diamond drilling to estimate grade and widths of the mineralization. There are no mineral resources or reserves on the property and the current mineral exploration activities are intended to be part of a program to determine if mineral resources can be identified.
Osbaldo Zamora Vega, P.Geol., Vice President of Exploration for Altiplano, is the Qualified Person as defined in National Instrument 43-101 who has reviewed and approved the technical contents of this press release.
Altiplano Minerals Ltd. (APN: TSX‐V) is a mineral exploration company focused on evaluating and acquiring projects with significant potential for advancement from discovery through to production, in Canada and abroad. Management has a substantial record of success in capitalizing opportunity, overcoming challenges and building shareholder value. Additional information concerning Altiplano can be found on its website at www.altiplanominerals.com.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
President and CEO
Tel: (780) 437-6624
Neither the TSX Venture Exchange nor its 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.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
SOURCE Altiplano Minerals
For further information: Jeremy Yaseniuk, Director, [email protected], Tel: (604) 773-1467; Renmark Financial Communications Inc., Laura Welsh: [email protected], Tel.: (416) 644-2020 or (514) 939-3989, www.renmarkfinancial.com
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