Altiplano Drills 2.37% Cu, 0.30 g/t Au, and 36.12% Fe over 2.89 m, Including 15.29% Cu, Confirming High-Grade Continuity at Santa Beatriz
Altiplano Drills 2.37% Cu, 0.30 g/t Au, and
36.12% Fe over 2.89 m, Including 15.29% Cu,
Confirming High-Grade Continuity at Santa
Beatriz
Edmonton, Alberta--(Newsfile Corp. - July 15, 2025) -
Altiplano Metals Inc
. (TSXV: APN) (WKN:
A2JNFG) ("
Altiplano
" or the "Company") is pleased to report assay results from its inaugural drill
program at the historic Santa Beatriz Iron Oxide Copper Gold (IOCG) mine, located approximately 45
km south of La Serena, Chile, and just 30 km from the Company's El Peñón processing facility.
Highlights:
A total of 655.6 metres was drilled across four diamond drill holes (25SB-001 to 25SB-004)
Drilling confirms vein continuity over 100 metres along strike and approximately 40 metres down
dip below the lowest mined level (Level 414).
Weighted average grade across all holes:
1.33% Cu, 0.20 g/t Au, and 29.00% Fe over 2.14 m
apparent vein width.
Best interval (Hole 25SB-004):
2.89 m grading
2.37% Cu, 0.30 g/t Au, and 36.12% Fe
,
Including 1.5 m grading
4.11% Cu, 0.53 g/t Au, and 35.11% Fe
With a high-grade sample of
15.29% Cu, 1.91 g/t Au, and 44.3% Fe
over 35 cm (Sample
648082)
Anomalous molybdenum (up to 0.04% Mo), potassic alteration, and magnetite veining suggest
potential for porphyry-style mineralization at depth.
President and Chief Executive Officer Alastair McIntyre comments:
"The drill results confirm the continuity of the Santa Beatriz vein system along strike and at depth. We are
also encouraged to see increasing grade in deeper sections, similar to our observations at Farellon. The
positive results support our plan to advance mine development into deeper levels providing opportunity
to supply material to the El Peñón mill. We are also encouraged by the geological information from the
core and samples, that indicate a broader exploration potential within the property and the district."
Figure 1 - Plan view showing completed drill holes, underground development (Level 414),
vein thickness, and Cu% values
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Figure 2 - 3D long section highlighting drill results and planned sublevel development.
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*All drill core samples are reported as apparent width, estimated to represent approximately 80-90% of true width
**A decision to develop the historical Santa Beatriz mine is not based on a feasibility study of mineral reserves demonstrating economic and
technical viability and there is increased uncertainty of economic and technical risks of failure associated with any potential production decision.
Drilling Summary
The 655.6 metres of core drilling, completed between March 14 and April 20, 2025, targeted extensions
of the main vein below Level 414. Drill holes intersected the structure between elevations of 365 and 391
masl, extending up to 50 m beneath current development.
Hole 25SB-002 intersected a faulted zone but vein continuity was confirmed through adjacent holes
25SB-001 and 25SB-003. The mineralized structure comprises massive magnetite with bands of
chalcopyrite and lesser pyrite. Variability in Cu:Fe ratios reflect the mineral proportions in each intercept.
Drill hole 25SB-004 returned the most significant interval, highlighted by high-grade copper and gold
values along with strong iron content, correlating with grades observed in underground sampling at Level
414. The average weighted grade of the vein is 1.33 Cu%, 0.2 g/t Au, and 29 Fe% over 2.14 m vein
apparent width. Assay results are reported in Figure 03.
The high Cu grades intersected by this hole are consistent with high Cu grades sampled underground in
the level 414 confirming continuity on the grades along the vein at depth. Massive chalcopyrite is mostly
present replacing apatite and actinolite phenocrysts in a matrix of magnetite. Gangue minerals are
dominantly apatite and actinolite altered to chlorite with minor interstitial calcite (Figure 4).
Figure 3 - Assay summary table of core vein intervals
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Figure 4 - Drill core photographs from Hole 25SB-004 (Sample 648082) showing massive
chalcopyrite replacing apatite and actinolite in a magnetite matrix
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Geological Observations
The Santa Beatriz vein is hosted in a diorite intrusive complex, ranging from coarse-grained diorite to
microdiorite. Shallow sections exhibit strong propylitic alteration with epidote, chlorite, and pyrite. Hole
25SB-002 also intersected vuggy quartz with epidote, suggesting epithermal overprinting. Notably,
deeper sections of hole 25SB-004 revealed intense potassic alteration, K-feldspar, biotite, and
magnetite associated with minor molybdenite and chalcopyrite. This alteration, observed only at depths
>250 m, resembles porphyry-style mineralization. Further sampling of deeper core intervals is pending.
Quality Assurance / Quality Control (QA/QC)
Drill core (NQ) samples were collected under the supervision of an experienced APN geologists and
transported about 1 km to the Altiplano core logging facility for detailed logging and sampling. Samples
were prepared using the entire core and securely shipped to ALS Laboratories in Copiapó, Chile, for
sample preparation, and then to ALS's laboratory in Santiago, Chile for analysis. All samples were
analyzed using an AAS instrument and standard industry procedures, including:
Cu-AA62:
Cu Ore - four-acid digestion/AAS
Mo-AA62:
Mo Ore - four-acid digestion/AA
Fw-AA62:
Cu Ore - four-acid digestion/AAS
Au-AA23:
Au 30 g fire assay with AA finish
As part of the Company's QA/QC protocols, a robust quality control program was implemented, which
includes the insertion of certified reference materials (standards), blank samples, and duplicate core
samples at regular intervals (approximately every 10 samples) throughout the sample stream. All QA/QC
control samples returned results within acceptable limits, ensuring the reliability of the assay data. All drill
core samples are reported as apparent width which is estimated to represent approximately 80-90%%
of true width.
Qualified Person
The technical content of this news release has been reviewed and approved by
John Williamson,
P.Geol.
, a Qualified Person as defined by National Instrument 43-101. Mr. Williamson is a Chairman
and Director of Altiplano Metals Inc. and is not independent of the Company.
Altiplano has generated over
C$23.8 million
from the recovery and sale (after processing costs) of
more than
8.2 million pounds of copper
with an average grade of
1.8% Cu
(Jan 2018 to Mar 2025).
Cash has been re-invested into acquisition, exploration, new equipment, underground drilling, expanding
underground development and production, and the completion of the El Peñón copper-gold-iron
processing facility located 30 km from La Serena, Chile.
About Altiplano
Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company
has a diversified portfolio of assets that include exploration properties, a developing copper/gold/iron
mine and a state-of-the-art operating copper/gold and iron processing facility. Altiplano is focused on
creating long-term stakeholder value through developing safe and sustainable production, reinvesting
into exploration and development, and pursuing acquisition opportunities to provide scalable upside
opportunities. Management has a substantial record of success in capitalizing on opportunity,
overcoming challenges and building shareholder value.
Altiplano is part of the Metals Group of Companies, led by a dynamic group of resource sector
professionals with a long record of success in evaluating and advancing mining projects from exploration
through to production, attracting capital, and overcoming adversity to deliver exceptional shareholder
value.
www.metalsgroup.com
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
Alastair McIntyre, CEO
Tel: (416) 434 3799
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 any historical information
or estimates as current mineral resources or mineral reserves. The Santa Beatriz mine was previously
in production mid 2010's with little known production records. This material was processed and sold
locally to a private processing facility. Altiplano is relying upon limited past production records,
underground sampling and related activities to further explore and potentially develop Santa Beatriz.
The decision to develop the project and extract material for potential processing 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 future potential
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.sedarplus.ca
.
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