APN: TSXV
ALTPF: OTCQB
9AJ1: FWB
EDMONTON, April 30, 2018 /CNW/ - Altiplano Minerals Ltd.
(TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the
"Company") is pleased to report on new targets for further
exploration at the historic Rosario
Copper-Gold Mine ("Rosario"), near La Serena,
Chile, including underground
development, underground drilling and identification of potential
sources for new mineralized vein material.
CEO John Williamson stated, "The
positive results from our exploration of the historic Farellon mine
were in line with the Company's expectations and, as a result, the
Company has moved to accelerate exploration efforts on the nearby
Laura and Rosario veins, which are part of the Farellon structural
system."
At the historic Farellon Cu-Au Mine, detailed geological work
has been completed, including underground infrastructure surveying,
underground sampling, underground and surface mapping, and a 2,000
tonne bulk sample (released April 13,
2018). A second 5,000 tonne bulk sample at Farellon is
nearing completion, with the results of this work having the
potential to upgrade mineral resources at Farellon and help build a
basis for analyzing economic potential going forward.
Over the past three months, the Company has also explored the
Rosario and Laura Cu-Au vein systems, which are near the historic
Farellon Mine and known to have had historic production. This
exploration was comprised of surface and underground mapping,
underground sampling and surveying, and surface ground geophysical
surveying. The mineralogy and textures observed at the Rosario vein
(see Photo 1 below) are similar to the Farellon vein, consisting of
apatite/actinolite, magnetite and chalcopyrite-rich bands.
Assay results from underground channel sampling of Rosario
include up to 6.1 % Cu in 0.5 m,
consistent with grab sample results of up to 8.7 % Cu reported by
Apex Geoscience Ltd. in their NI 43-101 Technical Report dated
February 10, 2017 and filed on SEDAR
March 10, 2017. These results are
similar, or better, in grade and width than initial sampling at the
nearby Farellon Vein system. In addition, results of ground
magnetic surveying indicate strong anomalies that correlate with
surface outcrops and underground mapping, suggesting continuation
of the veins at depth and along strike (see Figure 1 below).
Several larger magnetic anomalies that are off the known trend are
defined, which may be an indication of undiscovered potential
mineralization. Based on the results of fieldwork conducted and
historical mining, the Company is moving forward with engineering
work to provide for planned access to the Rosario Cu-Au vein system
in anticipation of underground drilling and an initial 5,000 bulk
sample.
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
