Altiplano Metals Inc. (TSX-V: APN) (WKN: A2JNFG) is pleased to report on assay results from the first 7 drill holes of its ongoing exploration drilling program at the Farellon copper-gold (Cu-Au) mine located near La Serena, Chile.
CEO Alastair McIntyre comments “I am pleased to see continuity of the vein along strike and down dip from our current workings in structure, and now confirmed with grade. Assay results from these seven holes are very similar to grades that we observed in our previous drill program at higher levels and from the recovery of copper through our mining operations.”
Figure 1. Assay Results
|DDH*||From (m)||To (m)||Width**||Fe %||Au ppm||Cu %|
* DDH 21FND038 is pending assay results
**Intervals are core length. True width is estimated between 80-90% of the core length.
Figure 2. Mine Section and Drill Intercepts
The intent of the 6,200-metre drilling program is to further delineate the iron-oxide copper-gold vein system at depth and to outline additional tonnage available to support the planned 5,000 tonnes/month extraction rate at Farellon. In addition, the drilling is expected to aid in grade control and optimize development.
Altiplano has generated over US$6,600,000 from the recovery and sale of approximately 3.375 million pounds of copper with an average grade of 1.77% Cu (2018 Q1-2021 Q2). Cash flow has been re-invested into equipment, underground drilling, expanding underground development, enhancing ventilation to increase productivity and capacity, and the commencement of the permitted El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.
Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine, development near term producing gold/copper projects, and exploration land packages with district-scale potential. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value.
John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document.
Drills 2.26 Metres at 11.81 gpt Gold And 39.31 gpt Silver within ... READ MORE
LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) is ... READ MORE
Astra Exploration Inc. (TSX-V: ASTR) is pleased to provide result... READ MORE
Osisko Mining Inc. (TSX:OSK) is pleased to provide new analytical... READ MORE
Drill results from Sullivan Gulch (located on the eastern portion... READ MORE
We acknowledge the [financial] support of the Government of Canada.