EDMONTON, Nov. 13, 2017 /CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the "Company") announces that the Comet Joint Venture ("CJV") has approved plans to expedite advanced exploration at the historic Farellon Copper Gold ("Cu-Au") Mine.
At Farellon, the CJV has commenced development of crosscuts towards the Cu-Au vein system. The CJV has engaged a Canadian and a Chilean Mining Engineering Firm and a Chilean Mining Contractor to consider possible future mining methods. The CJV is commencing bulk sampling to further evaluate the potential for high-grade Cu-Au mineralization and collect rock quality data. In preparation, the CJV has commenced sourcing of underground mining equipment and additional personnel.
CEO John Williamson stated, 'We are excited by recently reported results as the grades and widths are consistent with, or exceed, expectations derived from the historical data. With the addition of key consultants and continual refinement of management processes and methods, we are rapidly evaluating the potential at Farellon. Our vision for our Chilean projects is that we will continue to validate additional 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.
About Altiplano
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.
