Altiplano Announces Purchase of Orogrande Gold-Silver Property, Idaho APN: TSX-V 9AJ1: FWB ALTPF: OTCQB
Altiplano Announces Purchase of Orogrande Gold-Silver Property, Idaho
APN: TSX-V
9AJ1: FWB
ALTPF: OTCQB
EDMONTON, Jan. 26, 2018 /CNW/ - Altiplano Minerals Ltd. (TSXV: APN) ("APN" or the "Company")
announces that, further to its press release dated December 1, 2016, regarding the option dated
November 30, 2016, as amended (the "Option") with Velocity USA, Ltd. ("Velocity") to purchase the
Orogrande Property, Idaho, APN has exercised the Option and acquired the mining claims comprising the
property, subject to a 1.5% net smelter returns royalty, by the issuance of 2.5 million common shares of
APN. In addition, Velocity has released the Company from any further obligation to carry out exploration
work on the property.
The Orogrande Gold-Silver property is comprised of 198 lode claims covering approximately 4,000 acres
in central Idaho and is located approximately 3 km south of the Friday-Petsite Gold Deposit. Previous
work at the Friday-Petsite Gold Project has identified an indicated mineral resource of 647,000 troy
ounces of gold and an inferred mineral resource of 590,000 troy ounces of gold (Simpson, 2013).
Previous work by Velocity on the Orogrande Property has outlined significant gold in soil anomalies
coincident with magnetic anomalies over several kilometers and on strike with the Friday-Petsite Gold
Deposit.
CEO John Williamson stated, "We are pleased to have renegotiated terms with Velocity to acquire the
Orogrande Project as it provided us with the increased flexibility to advance it at a pace that dovetails
more closely with our Chilean projects."
Osbaldo Zamora Vega, P.Geol, vice-president of exploration for Altiplano, is the qualified person as
defined in National Instrument 43-101, and 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
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%SEDAR: 00030745E
For further information: Jeremy Yaseniuk, Director, [email protected], Tel: (604) 773-
1467
CO: Altiplano Minerals
CNW 16:15e 26-JAN-18