Altiplano Begins Ventilation Improvements at Farellon
Altiplano Begins Ventilation Improvements at
Farellon
Edmonton, Alberta--(Newsfile Corp. - July 15, 2021) -
Altiplano Metals Inc
. (TSXV: APN) (WKN:
A2JNFG) ("
Altiplano
" or the "Company") is pleased to provide an update on the ventilation upgrades at
the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile.
The Company is pleased to report that work for the new ventilation system is progressing at the Farellon
site with the completion of the pre-installation civil works and the arrival of the new fans (see news
release May 17, 2021). Andrés Encina, Chilean Country Manager comments, "The installation of the new
ventilation system is part of the ongoing development and sustainability practices at Farellon. This work
is designed to assist with productivity improvements over the next few months in advance of the mill
start-up. The upgrade in ventilation maintains the health and well-being of the workers as the mine
deepens, improves operational efficiencies, and provides the opportunity to increase the amount of
equipment and personnel working on each shift underground."
The ventilation system involves the installation of a new 125 HP main exhaust fan, located in the
northwest outside area of the mine, and three auxiliary fans located in the operational levels of the mine.
The installation work is expected to continue over the next two weeks.
Figure 1. Fans Arrive on Site at Farellon
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4303/90345_d16622d584701a91_001full.jpg
Figure 2. Preparation Work for the Fan Installation
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4303/90345_d16622d584701a91_002full.jpg
Figure 3.
Preparation Work for the Fan Installation
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4303/90345_d16622d584701a91_003full.jpg
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, 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
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/90345