Altiplano Announces Commencement of Underground Development at Farellon IOCG Project, Chile
APN: TSX.V
210 – 8429 24th Street
Edmonton, Alberta, T6P1L3
www.altiplanominerals.com
January 23, 2017 APN: TSX ‐V
Altiplano Announces Commencement of Underground Development at Farellon IOCG Project, Chile
January 23, 2017 - Altiplano Minerals Ltd. (TSXV: APN) (“ APN ” or the “Company ”) and Joint Venture partner Comet
Exploration Ltd. (“Comet”) are pleased to announce that the Comet Joint Venture (“CJV”) has commenced work on the
500 m long underground development at the CJV’s Farellon Iron Oxide Copper Gold (IOCG) project.
The Farellon IOCG project is located near the town of La S erena, Republic of Chile. The project area is located in t he
coastal IOCG belt which runs for hundreds of kilometres and is host to several large IOCG deposits namely: Mantos
Blancos, Candelaria and Mantos Verde. These projects and the Farellon project are within or spatially associated with the
Atacama Fault system which likely was the main conduit for I OCG ore forming fluids that transported and deposited
metals along or in close proximity to the faults hosted in granitic and or volcanoclastic rocks.
At Farellon, three separate and discreet iron-copper-gold (Fe- Cu-Au) veins named Farellon, Laura and Rosario strike
northeast and have been traced in outcrop and underground workings for more than 1.2 km. The veins range from 1 to 10
m in width, averaging about 2 m, are sub vertical and well mineralized over much of their strike lengths. Initially the CJV
will commence work at the Farellon Vein. At Farellon, a 500 m e xploration decline will be constructed approximately 50
m below the existing workings, which is designed to drive through the high-grade Fe-Cu-Au vein to a point approximately
10 m north of the vein. This 500 m tunnel will be the main access a nd will used to facilitate underground cross cut
sampling and drilling along the length of the high-grade Fe-Cu-Au vein. The CJV will drill approximately 150 core holes
of between 10 and 30 m in length to evaluate and establish initial resources.
Once the Farellon project is underway, the CJV will commence similar exploration activities at the Maria Luisa Projec t.
Commencing in May an exploration drive will be developed approxi mately 50 m beneath existing workings and will be
used to facilitate drilling the Marie Luisa high-grade Fe- Cu-Au vein system. Drilling will be conducted to evaluate and
establish resources.
Pursuant to the HOA, the Company may earn up to an initial 50% in terest in the Comet Joint Venture “CJV” by funding
an aggregate of US$2,000,000 on or before August 1, 2017. The HOA antic ipated the two parties will have a CJV
agreement in place by February 10, 2017 which will provide the fr amework on the governance of the venture. It is
anticipated that a JV Committee will be comprised of two members from each company.
The transaction is subject to certain conditions, including, but not limited to, the entering into of a formal joint venture
agreement and approval of the TSX Venture Exchange.
The technical content of this News Release has been review ed and verified by John Williamson, B.Sc., P.Geol., of
Altiplano Minerals Ltd., the company’s Qualified Person as defined by National Instrument 43-101. ]
About Altiplano
Altiplano Minerals Ltd. (APN: TSX ‐V) is a mineral exploration company focused on evaluating and acqu iring 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
APN: TSX.V
210 – 8429 24th Street
Edmonton, Alberta, T6P1L3
www.altiplanominerals.com
Tel: (780) 437-6624
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 explorati on 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 d iffer materially from those in the forward-looking
statements. Factors that could cause actual results to dif fer materially from those in forward-looking statements incl ude
market prices, exploitation and exploration successes, continui ty of mineralization, uncertainties related to the ability t o
obtain necessary permits, licenses and title and delays due to t hird 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 c autioned that any such statements are not
guarantees of future performance and actual results or developme nts 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 .