APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON, April 27, 2018 /CNW/ - Altiplano Minerals Ltd.
(TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the
"Company") is pleased to report progress in its exploration
of the historic Farellon Copper-Gold Mine ("Farellon") near La
Serena, Chile, including a shift
toward identification of new mineralized vein material.
CEO John Williamson stated, "The
Company anticipates completion of our 5,000 tonne bulk sampling
program at Farellon by the second week of May, which will be 7
weeks in total, versus the 12 weeks that it took for our initial
2,000 tonne bulk sampling program. We have charted our productivity
(see Figure 1 below), which demonstrates an accelerated operating
performance. We are committed to continuous improvement as we
develop and test our capacity to extract up to 5,000 tonnes per
month, while managing dilution and grade to achieve our target of
2% Cu. We will now expand our exploration program to
different levels and extensions of the Farellon vein system in
order to upgrade our inferred mineral resources."
During March 18 to 31st (weeks
12–13 in Figure 1 above), extraction of mineralized vein material
at Farellon was deferred to complete an escapeway at the
235M Level, and the APN underground
exploration team worked to remove waste for better airflow and
access. Additionally, during this period the team added equipment
to facilitate better operations, which is clearly reflected in the
increased weekly productivity over the last 3 weeks.
The Company has extracted 3,745 tonnes of mineralized material
as part of its ongoing 5,000 tonne bulk sampling program at
Farellon. Of this material, 2,858 tonnes were collected from
the 395M Level, and 887 tonnes were
collected from 33.9m of development
on the new 401.5M Sublevel. To date,
2,206 tonnes of this material have been shipped for toll milling,
which remains in progress. The results of milling will be
determined and reported in due course.
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
