Altiplano Begins Mining at the 360 m Level at Farellon
Altiplano Begins Mining at the 360 m Level at
Farellon
Edmonton, Alberta--(Newsfile Corp. - September 24, 2021) -
Altiplano Metals Inc
. (TSXV: APN)
(WKN: A2JNFG) ("
Altiplano
" or the "Company") is pleased to provide an update on the underground
mining activity at the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile with the
announcement of completing the planned expansion of the Hugo Decline to the 360 m working level.
The approximately 110 m expansion to the 360 m level is designed to provide two new mining access
points along the NE and SW drifts where mining has begun (Figure 1.). This development work is part of
the ongoing underground development and sustainability initiatives at Farellon.
The Company is actively
expanding the underground operations to increase efficiencies, improve grade and access new working
mining headings. This work is conducted in tandem with diamond drilling and ventilation efficiency
improvements currently in process. With access to the 360 m level, the Company is currently operating
on numerous NE and SW headings, in addition to employing bench mining techniques to remove
mineralized material from the floor and roofs between previous working levels. The next scheduled
advance will be approximately 80 m to reach the 352 m level and is expected to begin in mid-November.
CEO Alastair McIntyre commented "I am pleased to see the consistency of our development at Farellon
with the addition of another working level. This development work ensures that we have sufficient working
levels to improve output and manage grade as we work towards maximizing output and increasing
revenues once the construction of the permitted mill has been completed."
Figure 1. Illustration of Underground Operations at Farellon
To view an enhanced version of Figure 1, please visit:
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* The decision to commence production on the Farellon deposit is not based on a feasibility study of
mineral reserves demonstrating economic and technical viability and there is increased uncertainty
and economic and technical risks of failure associated with the production decision.
Figure 2. Jumbo Preparing the Advance on the 360 Drift.
To view an enhanced version of Figure 2, please visit:
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About Altiplano
Altiplano Metals Inc. (TSXV: APN) is a Canadian mining company focused on the acquisition and
development of near-term cash flowing assets and exploration projects of significant scale. Altiplano's
goal is to grow into a mid-tier producer of copper, gold, and silver with immediate plans of generating
profits from three cash flowing projects in 2021. Management has a substantial record of success in
capitalizing on opportunity, overcoming challenges and building shareholder value.
John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed and
approved the technical contents of this document.
Altiplano is part of the Metals Group of companies, managed by an award-winning team of professionals
who stand for technical excellence, painstaking project selection and uncompromising corporate
governance, with a proven ability to capitalize on investment opportunities and deliver shareholder
returns.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
Alastair McIntyre, President and CEO
Tel: (416) 434-3799
Jeremy Yaseniuk, Director
Tel: (604) 773-1467
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. A qualified person has not done sufficient work to classify any historical estimates as
current mineral resources or mineral reserves and the issuer is not treating the historical estimates as
current mineral resources or mineral reserves. The Farellon mine was previously in production dating
back to the 1970's with a reported historical production (to a depth of 70 m) yielding approximately
300,000 tonnes at an average grade of 2.5% copper and 0.5g/t gold. This material was processed
locally and sold to ENAMI. Altiplano is relying upon past production records, underground sampling
and related activities and current diamond drilling to estimate grade and widths of the mineralization
to reactivate production. The decision to commence production on the Farellon deposit is not based
on a feasibility study of mineral reserves demonstrating economic and technical viability and there is
increased uncertainty and economic and technical risks of failure associated with any production
decision. 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
.
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