Altiplano Provides a Progress Update on the Santa Beatriz Copper-Gold Project
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Altiplano Provides a Progress Update on the Santa Beatriz Copper-Gold Project
EDMONTON, - Altiplano Metals Inc . (TSXV: APN) (WKN: A2JNFG) (“ Altiplano” or the “Company”) is
pleased to report on the activity at Santa Beatriz. The historic Copper-Gold-Iron (Cu-Au-Fe) mine, currently
under option to purchase, is located approximately 45 kms south of La Serena, Chile and 13 km south of
the Company’s operating copper-gold-iron processing plant.
Highlights:
• Roads have been upgraded providing accessibility for equipment and haulage trucks
• The new camp is operational
o Offices and storage containers in place
o A 20,000 litres water storage tank has been installed and filled for camp use and drilling
o Kitchen facilities and an equipment maintenance area has been established
o Generators are on site to provide electricity
• Refurbishment of three underground openings (adits) have been completed
• 400 m of pipes have been installed for water and support for underground mining and drilling
operations.
• Dewatering of lower portions of the mine has started and expects to complete in three weeks.
• This dewatered area of the mine will provide access to new areas for mapping, channel sampling
and future mine planning.
• Previous channel samples underground at Santa Beatriz yielded results of up to 2.45 m at 3.65
%Cu; 0.29 g/t Au; and 26.97 %Fe which included a 1.08 m sample that yield ed 8.08%Cu, 0.63g/t
Au, and 39.49%Fe.(News Release May 27th, 2024)
President and CEO Alastair McIntyre comments: “We are very excited to establish the infrastructure and
camp at Santa Beatriz and move forward with exploration and development. This iron oxide copper gold
vein system, located in the prolific Tambios region which hosts several IOCG underground operations, has
generated previous copper sales with excellent high grade gold results. We look forward to establishing a
detailed channel sampling program in the coming weeks and complimented with a diamond drill program
to assist in mine development.”
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Figure 1. Santa Beatriz Mine and Camp
Santa Beatriz Adits
Figure 2. Access to level 437 Figure 3. Access to level 480
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
Figure 4. Underground at the 55 m Mark of Santa Beatriz Tunnel
Altiplano has generated over C$21.5 million from the recovery and sale (after processing costs) of more
than 6.75 million pounds of copper with an average grade of 1.8% Cu (January 2018-June 2024). Cash
flow has been re -invested into equipment, underground drilling, expanding underground development,
and the construction and completion of the El Peñón Cu-Au-Fe processing plant. This progress has enabled
Altiplano to establish a significant foothold in the Chilean mining community.
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 an operating copper/gold/iron mine and a state-of-the-
art operating copper/gold and iron processing facility in the final stages of completion. Altiplano is focused
on creating long-term stakeholder value through developing safe and sustainable production, reinvesting
into exploration, and pursuing acquisition opportunities to complement its existing portfoli o.
Management has a substantial record of success in capitalizing on opportunity, overcoming challenges
and building shareholder value. Altiplano trades on the TSX.V under the symbol APN and the Frankfurt
Exchange under the symbol A2JNFG.
John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43 -101, has reviewed, and approved
the technical contents of this document.
Altiplano Metals Inc.
250 Southridge NW, Suite 300
Edmonton, AB
Canada
T6H 4M9
www.metalsgroup.com
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.
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 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. This decision 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 diffe r
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 .