APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON, Oct. 16, 2017
/CNW/ - Altiplano Minerals Ltd. (TSX-V: APN) (OTCQB:ALTPF) (FWB:
9AJ1) ("APN" or the "Company") continues underground
development and diamond drilling at Farellon, La Serena,
Chile.
During the 3rd Quarter the Comet Joint Venture
("CJV") has completed decline refurbishment including rock
bolting, installation of wire mesh and completing portal
fortification for long term use. The decline development and
drilling were both suspended while refurbishment and fortification
work was being completed. The CJV anticipates that both decline
advancement and drilling will resume this week. The decline is
currently at 360m.
During the pause in mining activity the CJV has completed
surface and underground decline mapping, and core logging and
sampling (Figure 1). During the period assays were received
for holes 18, 20, and 25. Significant results below show the
significant intersections over the last 80 to 100m along the
decline. Assay results are still pending for Holes
21-24. Results are shown with calculated estimated true widths
unless otherwise specified. Estimated true widths range between 75
and 90 % of core length.
Selected Highlights;
Hole 18: 2.02 % Cu over 1.5 m,
Hole 20: 6.40 % Cu over 1.75 m including (10.29% Cu over 0.76 m
and 9.45% Cu over 1.14 m core length)
Hole 25: 1.75% Cu over 2.02 m including 3.17% Cu over 1 m.
CEO John Williamson stated, 'We
are excited about the results we intersected in Hole 20 which is
the most easterly hole drilled to date and shows significant Copper
results over mineable widths. As our due diligence underground
sampling showed, there are higher-grade wider portions to the
Farellon Vein system. Intersections of this caliber will have a
positive impact on our modelling.
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.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
President and CEO
Tel: (780) 437-6624
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the (TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration
drilling, exploitation activities and events or developments that
the Company expects are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes,
continuity of mineralization, uncertainties related to the ability
to obtain necessary permits, licenses and title and delays due to
third party opposition, changes in government policies regarding
mining and natural resource exploration and exploitation, and
continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance
and actual results or developments may differ materially from those
projected in the forward-looking statements. For more information
on the Company, investors should review the Company's continuous
disclosure filings that are available at
www.sedar.com.
SOURCE Altiplano Minerals
