EDMONTON, Jan. 3, 2018 /CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the "Company") updates the status of its Farellon Project in Chile.
At Farellon, during mid to late November 100 tonnes of low grade Cu-Au-Fe material was collected from the Hugo Tunnel crosscut into the Farellon Vein system at 295m. The results of the 100 tonne sample is reported in 4 batches of about 25 tonnes each below. At this location the 395M level horizontal drift commenced collection of a 2,000 tonne bulk sample of Cu-Au-Fe material. To date, at least 1,250 tonnes of this vein material from the drift has been moved to the stockpiles ready for delivery for toll milling during the early part of January 2018. The Company expects to release the drift sampling results in the near future.
FIRST SHIPMENT RESULTS OF 100.430 TONNES OF LOW GRADE CU-AU-FE VEIN MATERIAL
1) 26.458 tonnes @ 1.52%
2) 24.534 tonnes @ 1.86%
3) 25.327 tonnes @ 1.28%
4) 24.115 tonnes @ 1.23%
CEO John Williamson stated, "We are excited to have opened up a contract for toll milling and this first shipment of lower grade material paves the way for delivery of higher grade material commencing in January 2018."
As part of its ongoing program, APN 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.
