Underground Exploration Commences at Historic
Maria Luisa Gold-Copper Mine
EDMONTON,
June 13, 2018
/CNW/ - Altiplano Minerals Ltd. (TSXV: APN) (OTCQB: ALTPF)
(FWB:9AJ1) ("APN" or the "Company") is pleased to
report commencement of underground drilling at the historic
Maria Luisa Gold-Copper Mine ("Maria
Luisa") near La Serena, Chile.
CEO John Williamson stated,
"Recent underground sampling results from the lowest accessible
level (841M) have confirmed the
records of historic high-grade production at Maria Luisa. Based on
this, APN has habilitated this level to accommodate underground
drilling in order to confirm continuation of these grades at depth,
and is planning to extract a 5,000 tonne bulk sample".
Historic production records cited by Apex in their
February 10, 2017 Technical Report
(news released March 15, 2017) show
that veins at Maria Luisa yielded an average grade of 6.85 g/t Au
and 1.89 % Cu in 600 tonnes mined between 2011 and 2015, including
approximately 14 tonnes with 25.8 g/t Au and 1.69 % Cu. In
2017, APN reported channel chip samples of up to 25 g/t Au across
1.6 m (news released June 21, 2017), and recent channel sampling
results (see Figure 2 below) have confirmed the presence of these
high-grades at the lowest level with up to 19.21 g/t Au and 2.27 %
Cu across 1.1 m (see Figure 1
below).
Surface diamond drilling completed in 2017, intersected
continuation of the veins ~50 m underneath the 841M Level, but poor core recovery of only 50%
indicates that the grades assayed, albeit good (1 m @ 6.95 g/t Au and 0.03% Cu), may have
underestimated the true grade. The Company will now conduct an
underground drilling program of 3 fences of 3-4 short holes close
to the observed high-grade sources to better test the opportunity
at Maria Luisa.
Between April and June 2018,
the Company conducted underground work to expand the 841M level and improve access in order to
accommodate new underground drilling where sampling and mapping
have delineated high-grade gold and copper mineralization of
similar tenor to the gold-copper ore mined and sold by historical
operators.
Following the drill testing the Company intends to extract
a 5,000 tonne bulk sample to confirm the potential to produce a
43-101 resource estimation. In order to extract this sample, the
Company is planning to rehabilitate and deepen a shaft that
presently goes from surface to the 858M level. The shaft will be extended down to
the 835M level (23 m deeper), and will enable extraction of
mineralized vein material from the bottom.
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 Metals Inc. (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)
966-7014
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 Metals Inc.
