Altiplano Achieves Higher Grades, Lower Dilution and Reduced Costs at the Historic Farellon Cu-Au Mine, Chile
Altiplano Achieves Higher Grades, Lower Dilution and
Reduced Costs at the Historic Farellon Cu-Au Mine, Chile
Edmonton, Alberta--(Newsfile Corp. - November 20, 2018) -
Altiplano Metals Inc.
(TSXV: APN) (OTCQB: ALTPF) (FSE:
A2JNFG)
("Altiplano"
or the
"Company")
is pleased to report results from a revised extraction plan designed to test viability
of operations based on the current environment of lower copper prices, at the historic Farellon Copper-Gold Mine near La
Serena, Chile.
CEO John Williamson stated, "We would like to thank Salvatore Peralta for his contributions and wish him well in his Ph.D.
studies. Since his departure, we have developed a six-month operating plan to determine viability of extraction at lower copper
prices.
Results from the latest 2,445 tonnes extracted during October show considerable improvement through minimizing
dilution and reducing costs.
With the latest cost reductions, increased productivity, and higher recoveries achieved at the
treatment plant, we are well positioned to benefit from potentially increased copper prices in the medium term."
During October, the extraction of 2,445 tonnes of material from the 401M and 395M levels yielded an average grade of 1.50%
copper.
These results show an improvement of 0.4% Copper compared with previous averages during August-September.
Based on early 2018 results from this section of the mine, further improvement of grades is expected.
To combat dilution, where possible, lower grade shoulders are being left on the walls and only the higher- grade portions are
being extracted. As a result, copper recoveries during processing have increased to 94.9%.
This current phase of mineral
extraction focuses on grade control and is planned to run into January 2019.
The intention is to test operational capability to
extract copper-gold material during a lower price environment and further refine costs structures.
About Altiplano
Altiplano Metals Inc. (TSXV: APN)
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 on 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
For further information, contact:
Jeremy Yaseniuk, Director
Tel: (604) 773-1467
Neither 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 news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown
risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or achievements expressed or implied by the
forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as
may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or otherwise.