Altiplano Reports Sampling 11.33% Cu over 2.55 m and removes 1,680 of the 5,000 tonne bulk sample the Historic Farellon Copper-Gold Mine in Chile APN: TSXV The ALTPF: OTCQB 9AJ1: FWB
Altiplano Reports Sampling 11.33% Cu over 2.55 m and
removes 1,680 of the 5,000 tonne bulk sample the Historic
Farellon Copper-Gold Mine in Chile
APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON
,
March 26, 2018
/CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("
APN
" or the "
Company
")
is pleased to report results of the
395M
Level underground sampling obtained between January and March at the historic Farellon Copper-Gold
Mine, La Serena Chile.
During late January to early March, a total of 77 samples in 22 sampling lines distributed every ~3m along
97 m
of horizontal drift vein
development have been analyzed. Each line represents a sampling channel (~5cm wide and ~2cm depth) across the vein and includes typically
three continuous samples separating magnetite- and chalcopyrite-rich bands. Figure 1 and Table 1 show the channel sampling line locations and
results of selected interval composites obtained during this period.
Selected but continuous intervals from this recent sampling with an average width of
1.73 m
contain grade averages of 4.03% Cu, 39.94% Fe, and
0.16 ppm Au including high-grade intervals of up to 11.33% Cu, 28.89% Fe and 0.29 ppm Au over
2.55 m
. The average width of selected
intervals from a total of 117 samples collected along the
137 m
of exposed vein in the
395M
level is
1.70 m
with grades of 3.60% Cu, 41.87%
Fe, and 0.16 ppm Au (see website for full results). The Company will continue developing, mapping, and sampling the
395M
Level along the
entire Farellon property (Figure 1 inset), as well as the recently opened 401 and
414M
Levels to continue exploring the vein and estimate reserves.
To date, the Company has removed 3,680 tonnes of Cu-Fe-Au vein material from the
395M
level covering a horizontal distance of
137m
. The
Company has shipped 2,320 tonnes for processing and an additional 1,360 tonnes stockpiled for shipment shortly. During late March, the
Company has opened the
414.5M
level above the
395M
level for extraction of Cu-Fe-Au vein material.
Table 1: Selected Grade-Width Results from
395M
Level Drift (January –
March 2018
)
CHANNEL
True
Width (m)
Cu %
Fe %
Au
(ppm)
NE_L005
2.20
7.30
46.07
0.18
NE_L005A
2.58
1.47
39.80
0.06
NE_L006
1.40
1.96
42.08
0.13
NE_L007
2.40
5.40
28.98
0.18
NE_L008
1.77
3.15
40.87
0.20
NE_L009
1.55
4.98
39.46
0.26
NE_L010
1.65
1.55
22.46
0.05
NE_L011
1.50
6.22
40.74
0.37
NE_L012
1.30
5.26
38.78
0.16
NE_L013
2.55
11.33
28.89
0.29
NE_L014
1.50
2.25
38.86
0.12
NE_L015
1.54
1.97
42.66
0.16
NE_L016
1.20
1.71
39.21
0.13
SW_L010
0.70
1.09
32.58
0.05
SW_L011
1.65
5.00
48.40
0.38
SW_L012
1.90
3.05
47.84
0.10
SW_L013
1.81
1.09
46.05
0.03
SW_L014
2.03
2.05
46.44
0.06
SW_L015
1.60
4.10
50.48
0.16
The underground channel samples were analyzed at the analytical laboratory Actlabs in Coquimbo, Chile. Approximately 1 in 10 QC samples
(standards, blanks, and duplicates) were inserted into the sample sequence, additionally to the Actlabs internal QA/QC for analytical procedures.
The results show an acceptable level of analytical precision and accuracy.
CEO
John Williamson
stated, "We are pleased with the recent results showing high-grade Copper intervals and are excited to continue exploring
the Farellon Project within the newly opened levels."
As part of its ongoing program, Altiplano 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. No
production decision has been made at this time. Should a production decision be made without completing a feasibility study demonstrating
economic and technical viability, there would be increased uncertainty as well as economic and technical risks of failure associated with such a
production decision.
Osbaldo Zamora Vega
, PhD, 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
View original content with multimedia: http://www.newswire.ca/en/releases/archive/March2018/26/c5009.html
%SEDAR: 00030745E
For further information:
Jeremy Yaseniuk, Director, [email protected], Tel: (604) 773-1467
CO: Altiplano Minerals
CNW 16:30e 26-MAR-18