Altiplano Commences Shipment of Bulk Sample Material for Processing, Commissions Independent Resource Report APN: TSXV The ALTPF: OTCQB 9AJ1: FWB
Altiplano Commences Shipment of Bulk Sample Material for Processing,
Commissions Independent Resource Report
APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON, Jan. 19, 2018 /CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1)
(" APN " or the " Company ") is pleased to announce that it has commenced shi pment of material from its
ongoing initial bulk sampling program at the historic Farellon Copper-Gold Mine near La Serena, Chile, to
a government-owned regional toll mill for processing.
The initial bulk sampling program aims to extract and process 2,000 tonnes of Cu-Fe-Au mineralized vei n
material from the 395M exploration level, which is 50 metres below the historic Farellon Mine workings .
To date, APN has extracted approximately 1,700 of the 2,000 tonnes; shipped 600 tonnes for processing;
and expects to continue shipping 50-100 tonnes per day for processing until the program is complete.
APN will compare results from this initial 2,000 tonne bulk sample with chip sample results released
January 9, 2018 and with results of the 2017 drill programs in order to make further refinements in th e
extraction process before undertaking a 5,000 tonne bulk sample program. This assessment will also
feed into an independent resource report commission ed January 15, 2018.
CEO John Williamson stated, "Our team is excited about the potential that we are rapidly uncovering at
the historic Farellon Copper-Gold Mine and about the prospects of applying our experience to accelerat e
the development there, as well as at the historic Maria Luisa Copper-Gold Mine. Upon completion of the
current 2,000 tonne program, we intend to carry out a further 5,000 tonne bulk sample program in order to
assess the processes and costs of extracting and delivering 5,000 tonnes per month. We look forward to
advancing these projects and to delivering results for our shareholders in 2018 and beyond."
During January 2018, APN is continuing to review an d implement upgrades in safety infrastructure,
including: purchase and installation of a new 360 m etre air ventilation system; construction of a 50 metre
escapeway and vent raise from the 325M level of the Hugo Tunnel up to the historic Alemendro Tunnel;
and institution of air quality monitoring procedures. In addition, older leased mining equipment is be ing
replaced with newer equipment for increased reliability and potentially higher work volumes. APN has
also retained technical consultants to work with our local underground mining contractors to increase
productivity by implementing longer drill lengths, optimal blasting patterns and other improvements.
All such activities, including receipt of the bulk sample program and the other ongoing initiatives, are
being carried out with a view to determining the potential value and possible mining activities that would
be considered as part of a decision to carry out further steps, including a possible future production
decision. There is additional risk in carrying out a bulk sampling program where there are no resource s or
reserves, notwithstanding that the property is a past small producer.
As part of its ongoing work program, Altiplano is carrying out the recommendations contained in the
APEX Report of February 10, 2017 filed on SEDAR for the exploration development of the Farellon
project and is also relying upon past production records, underground sampling and related activities and
current diamond drilling to estimate grade and widths of the mineralization. There are no mineral
resources or reserves on the property and the current mineral exploration activities are intended to be
part of a program to determine if mineral resources can be identified. On completion of the current
program, the Company intends to provide an update of the results obtained.
No production decision has been made at this time. Should a production decision be made without
completing a feasibility study demonstrating econom ic and technical viability, there would be increased
uncertainty as well as economic and technical risks of failure associated with such a production decision.
Osbaldo Zamora Vega, P.Geol., Vice President of Exp loration for Altiplano, is the Qualified Person as
defined in National Instrument 43-101 who has revie wed and approved the technical contents of this
press release.
About Altiplano
Altiplano Minerals Ltd. (APN: TSX ‐‐ ‐‐V) is a mineral exploration company focused on evalua ting and
acquiring projects with significant potential for advancement from discovery through to production, in
Canada and abroad. Management has a substantial rec ord of success in capitalizing opportunity,
overcoming challenges and building shareholder valu e. 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 expec tations expressed in such forward-looking
statements are based on reasonable assumptions, suc h 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 bus iness
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, in vestors should review the Company's continuous
disclosure filings that are available at www.sedar.com .
SOURCE Altiplano Minerals
View original content: http://www.newswire.ca/en/releases/archive/January2018/19/c1213.html
%SEDAR: 00030745E
For further information: Jeremy Yaseniuk, Director, jeremyy@altiplanominera ls.com, Tel: (604) 773-
1467
CO: Altiplano Minerals
CNW 10:00e 19-JAN-18