Altiplano Minerals Ltd. Commences Cross-Cut Development, Initial Bulk Sampling, Considers Possible Mining Methods at the Historic Farellon Copper-Gold Mine in Chile APN: TSXV The ALTPF: OTCQB 9AJ1: FWB
Altiplano Minerals Ltd. Commences Cross-Cut Development,
Initial Bulk Sampling, Considers Possible Mining Methods at
the Historic Farellon Copper-Gold Mine in Chile
APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON
,
Nov. 13, 2017
/CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("
APN
" or the "
Company
")
announces that the Comet Joint Venture ("
CJV
") has approved plans to expedite advanced exploration at the historic Farellon Copper Gold ("
Cu-
Au
") Mine.
At Farellon, the CJV has commenced development of crosscuts towards the Cu-Au vein system. The CJV has engaged a Canadian and a Chilean
Mining Engineering Firm and a Chilean Mining Contractor to consider possible future mining methods. The CJV is commencing bulk sampling to
further evaluate the potential for high-grade Cu-Au mineralization and collect rock quality data. In preparation, the CJV has commenced sourcing
of underground mining equipment and additional personnel.
CEO
John Williamson
stated, 'We are excited by recently reported results as the grades and widths are consistent with, or exceed, expectations
derived from the historical data. With the addition of key consultants and continual refinement of management processes and methods, we are
rapidly evaluating the potential at Farellon. Our vision for our Chilean projects is that we will continue to validate additional 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: http://www.newswire.ca/en/releases/archive/November2017/14/c8638.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 02:00e 14-NOV-17