Altiplano Reports Rapid Progress At The Historic Farellon Copper-Gold Mine in Chile APN: TSXV The ALTPF: OTCQB 9AJ1: FWB
Altiplano Reports Rapid Progress At The Historic Farellon Copper-Gold Mine in
Chile
APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON, April 27, 2018 /CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1)
("APN" or the "Company") is pleased to report progress in its exploration of the historic Farellon Copper-
Gold Mine ("Farellon") near La Serena, Chile, including a shift toward identification of new mineralized
vein material.
CEO John Williamson stated, "The Company anticipates completion of our 5,000 tonne bulk sampling
program at Farellon by the second week of May, which will be 7 weeks in total, versus the 12 weeks that
it took for our initial 2,000 tonne bulk sampling program. We have charted our productivity (see Figure 1
below), which demonstrates an accelerated operating performance. We are committed to continuous
improvement as we develop and test our capacity to extract up to 5,000 tonnes per month, while
managing dilution and grade to achieve our target of 2% Cu. We will now expand our exploration
program to different levels and extensions of the Farellon vein system in order to upgrade our inferred
mineral resources."
Figure 1- Productivity at Farellon
During March 18 to 31st (weeks 12–13 in Figure 1 above), extraction of mineralized vein material at
Farellon was deferred to complete an escapeway at the 235M Level, and the APN underground
exploration team worked to remove waste for better airflow and access. Additionally, during this period
the team added equipment to facilitate better operations, which is clearly reflected in the increased
weekly productivity over the last 3 weeks.
The Company has extracted 3,745 tonnes of mineralized material as part of its ongoing 5,000 tonne bulk
sampling program at Farellon. Of this material, 2,858 tonnes were collected from the 395M Level, and
887 tonnes were collected from 33.9m of development on the new 401.5M Sublevel. To date, 2,206
tonnes of this material have been shipped for toll milling, which remains in progress. The results of milling
will be determined and reported in due course.
Osbaldo Zamora Vega, Ph.D, 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
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
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For further information: Jeremy Yaseniuk, Director, [email protected], Tel: (604) 773-
1467
CO: Altiplano Minerals
CNW 03:05e 27-APR-18