EDMONTON, Nov. 28, 2017 /CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the "Company") is pleased to provide a November Update for its 50% interest in the Comet Joint Venture ("CJV") activities at the Historic Farellon Copper-Gold Mine in Chile.
At Farellon, the CJV has stockpiled 600 tonnes of Copper-Gold-Magnetite ("Cu-Au-Magnetite") mineralized vein material from a bulk sampling program ongoing since November 14th, 2017. The CJV has also shipped an initial 100 tonnes of the stockpiled bulk sample material for toll milling. Initially, the CJV has arranged to deliver up to 2,000 tonnes per month ("tpm") of this material for processing. If the results of the initial bulk sample program are positive then the CJV will increase the bulk sample to 5,000tpm.
CEO John Williamson stated, "We are excited to have advanced our Farellon Project to the bulk sampling stage and look forward to the results of the sale of the initial Copper-Gold-Magnetite mineralized vein material."
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.
