Altiplano Completes 50% Earn-In at the Historic Farellon Copper-Gold Mine in Chile As Joint Venture Stockpiles 200 Tonnes of Copper-Gold Vein Material for Bulk Sample Processing
Altiplano Completes 50% Earn-In at the Historic Farellon
Copper-Gold Mine in Chile As Joint Venture Stockpiles 200
Tonnes of Copper-Gold Vein Material for Bulk Sample
Processing
EDMONTON
,
Nov. 22, 2017
/CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("
APN
" or the "
Company
")
announces that it has earned a 50% interest in the Comet Joint Venture ("
CJV
").
At Farellon, the CJV has commenced the collection of Copper-Gold-Magnetite mineralized vein material from the Historic Farellon Copper-Gold
Mine in
Chile
. Development of crosscuts towards the Cu-Au vein system was completed by
November 15
and initial bulk sampling commenced
shortly thereafter. To date, the CJV has stockpiled over 200 tonnes of mineralized vein material in preparation for toll milling. The CJV is currently
in discussion with a toll mill to accept delivery of its initial batch of Cu-Au vein material.
CEO
John Williamson
stated, "We are excited to have advanced our initial project to the bulk sampling stage and look forward to the results of the
sale of the initial Copper-Gold-Magnetite mineralized vein material. We expect to collect 2,000 tonnes of mineralized material to evaluate the
projects potential."
As part of its ongoing program, the CJV 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.
Osbaldo Zamora Vega
, P.Geol., Vice President of Exploration for Altiplano, is the Qualified Person as defined in National Instrument 43-101
who 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
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 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
View original content with multimedia: http://www.newswire.ca/en/releases/archive/November2017/22/c2993.html
%SEDAR: 00030745E
For further information:
Jeremy Yaseniuk, Director, [email protected], Tel: (604) 773-1467; Renmark Financial
Communications Inc., Laura Welsh: [email protected], Tel.: (416) 644-2020 or (514) 939-3989, www.renmarkfinancial.com
CO: Altiplano Minerals
CNW 17:43e 22-NOV-17