APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON, April 13, 2018 /CNW/ - Altiplano Minerals Ltd.
(TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the
"Company") is pleased to report that toll milling of the
mineralized vein material from its initial 2,000 tonne bulk sample
at the 395M level of the Farellon
Copper-Gold project, near La Serena, Chile, has been completed, generating gross
proceeds to the Company of US$159,722
and averaging 1.89% Cu or US$80 per
tonne.
CEO John Williamson stated, "The
toll milling results for the initial bulk sample that was taken
from our newly constructed decline are very close to the 1.92% Cu
grade that APEX Geoscience had estimated in calculating our maiden
inferred resource at Farellon, which we announced earlier this
week. We are now using this initial experience to manage dilution
and optimize grade while taking our second bulk sample of 5,000
tonnes from three sublevels. Our primary immediate-term objectives
at Farellon are to prove our capability to extract 5,000 tonnes per
month, as permitted, and to gather sufficient data to expand and
upgrade our maiden inferred resource."
With continued exploration, it is reasonably expected that the
majority of the Company's inferred mineral resources at Farellon
could be upgraded to indicated mineral resources (see announcement
of April 10, 2018). The completion of
toll milling for the initial bulk sample of 2,000 tonnes provides
the Company with its first revenue from the Farellon Project and
helps to form a basis for analyzing its potential economics going
forward. A second bulk sample of 5,000 tonnes is being collected
from the 395M level and the newly
created 401M and 414.5M levels. The opening of the these new
sublevels for bulk sampling will enable comparative results that
may be used to potentially convert the Company's existing inferred
mineral resource estimate to the indicated and measured category.
To date 2,158 tonnes of the 5,000 tonne bulk sample have been
stockpiled, of which 836 tonnes have been shipped for toll
milling.
Inferred mineral resources are not mineral reserves. Mineral
resources which are not mineral reserves do not have demonstrated
economic viability. There is no guarantee that any part of the
mineral resources discussed herein will be converted into a mineral
reserve in the future. Should a production decision be made without
completing a feasibility study demonstrating economic and technical
viability, there would be increased uncertainty as well as economic
and technical risks associated with such production. No production
decision has been made at this time.
Osbaldo Zamora Vega, Ph.D,
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.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
President and CEO
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
