EDMONTON, June 26, 2018 /CNW/ - Altiplano Minerals Ltd.
(APN: TSXV) (ALTPF: OTCQB) (9AJ1: GR) ("APN" or the
"Company") is pleased to report evidence for a second stage
of mineralization at the historic Farellon Copper Gold Mine
("Farellon") near La Serena, Chile.
CEO John Williamson stated, "We
are excited to have discovered evidence suggesting the occurrence
of a second stage of Cu mineralization at Farellon. Evidence for
this new form of mineralization is indicated by chalcopyrite
infilling microfractures in porphyritic andesitic dikes that
crosscut the Farellon vein; weak potassic alteration observed in
those dikes; and breccia fragments of the vein cemented by a
mineralized magmatic rock observed in the NE395M level. In
addition, non-linear magnetic anomalies identified with ground
geophysics may indicate the presence of porphyry-type
mineralization postdating the IOCG veins. This increases
substantially the economic potential of the district. The Company
will commence academic studies and additional fieldwork studies,
including microscopic analysis of both mineralization and host
rocks; trace elements and whole rock geochemistry; and radiogenic
dating of magmatic rocks and mineralization, aimed at gaining a
better understanding of the mineralizing processes within the
district. Exploration for both IOCG veins and porphyry-type
mineralization will continue at Farellon".
Surface and underground mapping have helped to elucidate the
crosscutting relationships between different magmatic units and
IOCG veins (Figure 1).
The main IOCG veins are hosted by a diorite–granodiorite with
phaneritic texture and less importantly, by a recrystalized
andesite that shows a range of textures including magmatic breccia
textures. The IOCG veins are crosscut by porphyritic andesitic
dikes that occasionally show minor potassic alteration (shreddy
biotite disseminated in the matrix) and dissemination of
chalcopyrite controlled by fractures (Figures 1 and 2a). This
evidence opens the potential to find porphyry-type copper
mineralization overprinting IOCG veins within the Farellon and
neighbouring properties. Non-linear magnetic anomalies roughly
correlate with surface outcrops of porphyritic andesite and may
indicate mineralization at depth. This assumption is supported by
the fact that the Andacollo porphyry copper-gold deposit is located
only 12 km southeast of the Farellon property. Additionally, the
Farellon vein shows evidence of post-mineralization tectonic
deformation and brecciation cemented by a magmatic rock (possible
diorite) with dissemination of chalcopyrite (Figure 2b). This evidence is observed at the NE395M
level where the vein expands up to 8
m wide and indicates that the widening of the vein was
caused by geological processes post-dating the IOCG vein formation.
Presently, APN has developed ~30 m within the wider zone with an
average grade of 1.72 % Cu (Figure 3).
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.apnmetals.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.