Altiplano Provides an Update on the Exploration Program at the Pastillas Gold- Copper Project
Altiplano Provides an Update on the
Exploration Program at the Pastillas Gold-
Copper Project
Edmonton, Alberta--(Newsfile Corp. - March 3, 2022) -
Altiplano Metals Inc
. (TSXV: APN) (WKN:
A2JNFG) ("
Altiplano
" or the "
Company
") is pleased to provide an update on the exploration activities
at the Company's newly optioned Pastillas gold exploration project (the "
Property
"), located within the
prolific Maricunga Gold Belt in the Atacama region of northern Chile.
Altiplano's geologists have arrived on site at Pastillas and the adjacent La Isla projects to conduct an
initial exploration and mapping program. This work is designed to further the understanding of the
lithology, fault network and the widespread advanced steam heated argillic alteration system indicative
of epithermal and porphyry systems (Figures 1 and 2). Initial focus will be to complete an extensive
alteration and bedrock lithology mapping survey over the southern portion of the property including
following up with an extensive short-wave infrared spectroscopy (SWIR) program to build on the limited
historical work.
Alastair McIntyre, CEO comments: "We are excited to get boots on the ground in the Maricunga Gold
District of Chile and begin our field work program at Pastillas. Our initial mapping program will provide
guidance for future sampling programs, geophysical surveys with the goal of ultimately identify potential
drill targets."
Figure 1: Annotated photo showing areas of alteration below post-mineral cover. Looking east.
To view an enhanced version of Figure 1, please visit:
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.
Figure 2: Proposed SWIR and mapping program area at Pastillas.
To view an enhanced version of Figure 2, please visit:
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.
Figure 3: Chief Geologist Dr. Ewan Webster standing on a steam heated alteration zone
looking northeast over the impressive alteration footprint on the Pastillas projects southern
extent.
To view an enhanced version of Figure 3, please visit:
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.
Altiplano has generated over US$7.98 million from the recovery and sale of 3.86 million pounds of
copper with an average grade of 1.74% Cu (2018 Q1-2021 Q4). Cash flow has been re-invested into
equipment, underground drilling, expanding underground development at Farellon, enhancing ventilation
to increase productivity and capacity, new underground development and exploration at Maria Luisa,
and the commencement of the permitted El Peñón fit-for-purpose mill and flotation plant located 15 km
from the Farellon site.
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, development near
term producing gold/copper projects, and exploration land packages with district-scale potential.
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 portfolio. Management has a substantial record of success in capitalizing on opportunity,
overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture
Exchange trading 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.
www.metalsgroup.com
Altiplano is part of the Metals Group of companies, managed by an award-winning team of professionals
who stand for technical excellence, painstaking project selection and uncompromising corporate
governance, with a proven ability to capitalize on investment opportunities and deliver shareholder
returns.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
Alastair McIntyre, CEO
Tel: (416) 434 3799
Jeremy Yaseniuk, Director
Tel: (604) 773-1467
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, continued availability of capital and financing, and general
economic, market or business conditions, including the impact of COVID-19, as well as its resulting
quarantine measures and travel restrictions. 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
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/115546