Altiplano Samples up to 6.21% Copper and 0.44g/t Gold over 1.4 Metres Underground at Rosario
Altiplano Samples up to 6.21% Copper and
0.44g/t Gold over 1.4 Metres Underground at
Rosario
Edmonton, Alberta--(Newsfile Corp. - September 1, 2020) -
Altiplano Metals Inc
. (TSXV: APN) (WKN:
A2JNFG) ("
Altiplano
" or the "Company") is pleased to announce results from recent underground
geological mapping and channel sampling at the historic Rosario Copper-Gold mine located 600 m
southeast of the Farellon Copper-Gold vein system, near La Serena, Chile.
During July, Altiplano's technical team conducted an underground mapping and sampling program along
the NE trending vein structure. Samples were taken approximately 15 m apart covering a total strike
length of 181 m. Each sample was removed from a clean representative surface, blasted one meter
below the floor level. The samples were cut to a depth of 8 cm with an average width of 15 cm and
sampled across the length of the vein. The grades observed ranged from a low 0.08 g/tonne gold to a
high of 1.04 g/tonne gold with a average of 0.37 g/tonne. Copper ranged from 0.89% to a high of 6.22%
copper with a average of 2.88%.
CEO Alastair McIntyre commented, "These results at the Rosario copper-gold vein system are similar to
the early results underground sampling and drill results obtained at Farellon.
We are encouraged by the
higher gold content which is higher at Rosario than at Farellon. The Company has commenced initial
planning and engineering studies to conduct an underground bulk sample program. McIntyre further
comments, "The location of the fully permitted Rosario project is ideally located within 600 m of Farellon
where we can leverage the available infrastructure, resources and services. Rosario fits within our goal
of adding additional productive assets and consolidating regionally."
Geology
The Rosario project hosts copper-gold mineralization found within a discrete and laterally continuous
east-northeast trending vein system, predominantly hosted in a Cretaceous granodiorite. Similar to
Farellon, the iron-oxide-copper-gold vein system occurs in a steeply dipping fault. The vein system is
located approximately 600 m from Farellon and is accessible through historical decline workings. The
vein system can be observed over a 259 m strike length ranging in widths from 1m to 3 m.
Table 1. Underground chip sample results
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Figure 1. Location of Rosario in Proximity to Farellon.
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About Altiplano
Altiplano Metals Inc. (TSXV: APN) is a Canadian mineral development Company focused on acquiring
projects with significant potential for advancement from discovery through to production.
Altiplano's goal
is to grow into a mid-tier mining Company through developing a portfolio of near-by production and cash
flowing assets focusing on copper, gold and silver. Management has a substantial record of success in
capitalizing on opportunity, overcoming challenges and building shareholder value.
The Company's main asset, Farellon is an Iron Oxide Copper Gold vein system located near the town of
La Serena, Chile. The Company acquired the project in 2017 and has been producing copper gold
mineralized material from a series of underground workings at numerous levels. To date the Company
has recovered more than 2.25 million pounds of copper at an average grade of 1.81% and has been
cash flow positive at Farellon for 7 consecutive quarters.
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 is part of the Metals Group portfolio of companies. Metals Group is an award-winning team of
professionals who stand for technical excellence, painstaking project selection, uncompromising
corporate governance and a unique ability to pan through the rubble to discover and develop golden
opportunities.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
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. 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 the historical estimates as
current mineral resources or mineral reserves. Any decision to commence production 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 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 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
.
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