Altiplano Increases Bulk Sample Stockpile to 600 tonnes, Delivers Initial 100 tonnes of Mineralized Material for Processing APN: TSXV The ALTPF: OTCQB 9AJ1: FWB
Altiplano Increases Bulk Sample Stockpile to 600 tonnes, Delivers Initial 100 tonnes of Mineralized Material for Processing
APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON
,
Nov. 28, 2017
/CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("
APN
" or the "
Company
") is pleased to provide a
November Update for its 50% interest in the Comet Joint Venture ("
CJV
") activities at the Historic Farellon Copper-Gold Mine in
Chile
.
At Farellon, the CJV has stockpiled 600 tonnes of Copper-Gold-Magnetite ("Cu-Au-Magnetite") mineralized vein material from a bulk sampling program ongoing
since
November 14
th
, 2017. The CJV has also shipped an initial 100 tonnes of the stockpiled bulk sample material for toll milling. Initially, the CJV has arranged to
deliver up to 2,000 tonnes per month ("tpm") of this material for processing. If the results of the initial bulk sample program are positive then the CJV will increase
the bulk sample to 5,000tpm.
CEO
John Williamson
stated, "We are excited to have advanced our Farellon Project to the bulk sampling stage and look forward to the results of the sale of the
initial Copper-Gold-Magnetite mineralized vein material."
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: http://www.newswire.ca/en/releases/archive/November2017/28/c7969.html
%SEDAR: 00030745E
For further information:
Jeremy Yaseniuk, Director, [email protected], Tel: (604) 773-1467
CO: Altiplano Minerals
CNW 16:00e 28-NOV-17