The Prospector News

Altiplano Announces Purchase of Orogrande Gold-Silver Property, Idaho

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Altiplano Announces Purchase of Orogrande Gold-Silver Property, Idaho

 

 

 

 

 

Altiplano Minerals Ltd. (TSX-V:APN) announces that, further to its press release dated December 1, 2016, regarding the option dated November 30, 2016, as amended with Velocity USA, Ltd. to purchase the Orogrande Property, Idaho, APN has exercised the Option and acquired the mining claims comprising the property, subject to a 1.5% net smelter returns royalty, by the issuance of 2.5 million common shares of APN.  In addition, Velocity has released the Company from any further obligation to carry out exploration work on the property.

 

The Orogrande Gold-Silver property is comprised of 198 lode claims covering approximately 4,000 acres in central Idaho and is located approximately 3 km south of the Friday-Petsite Gold Deposit.  Previous work at the Friday-Petsite Gold Project has identified an indicated mineral resource of 647,000 troy ounces of gold and an inferred mineral resource of 590,000 troy ounces of gold (Simpson, 2013). Previous work by Velocity on the Orogrande Property has outlined significant gold in soil anomalies coincident with magnetic anomalies over several kilometers and on strike with the Friday-Petsite Gold Deposit.

 

 

CEO John Williamson stated, “We are pleased to have renegotiated terms with Velocity to acquire the Orogrande Project as it provided us with the increased flexibility to advance it at a pace that dovetails more closely with our Chilean projects.”

 

 

Osbaldo Zamora Vega, P.Geol, vice-president of exploration for Altiplano, is the qualified person as defined in National Instrument 43-101, and has reviewed and approved the technical contents of this press release.

 

 

About Altiplano

 

 

Altiplano Minerals Ltd. 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. 

 

Posted January 26, 2018

Share this news article

MORE or "UNCATEGORIZED"


VIZSLA SILVER AGREES TO ACQUIRE NEWLY CONSOLIDATED PAST-PRODUCING SILVER DISTRICT IN THE EMERGING SILVER-GOLD-RICH PANUCO - SAN DIMAS CORRIDOR IN MEXICO

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) i... READ MORE

March 28, 2024

Additional Drill Results Highlighted by Hole D-380 in Block 6 at Oko West, Intersecting 39.7 m Grading 5.27 g/t Au Including 2.8 m @ 14.18 g/t Au and 13.0 m Grading 10.50 g/t Au

Reunion Gold Corporation (TSX-V: RGD) (OTCQX: RGDFF) is pleased t... READ MORE

March 28, 2024

STLLR Gold’s Tower Gold Project Infill Drilling Continues to Confirm Mineralization at the Jonpol Deposit

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) announces ... READ MORE

March 28, 2024

Hudbay Provides Annual Reserve and Resource Update and Production Outlook

Consolidated copper production is expected to average 153,000i to... READ MORE

March 28, 2024

Aya Gold & Silver: Record 2023 Production, Revenue and Operating Cash Flow

Aya Gold & Silver Inc. (TSX: AYA) (OTCQX: AYASF) is pleased t... READ MORE

March 28, 2024

Copyright 2024 The Prospector News