Altiplano Targets High Grade Zone Identified by Bulk Sampling at Historic Farellon Cu-Au Mine, Chile
Altiplano Targets High Grade Zone Identified
by Bulk Sampling at Historic Farellon Cu-Au
Mine, Chile
EDMONTON
,
Sept. 28, 2018
/CNW/ - Altiplano Metals Inc. (TSXV: APN) (OTCQB: ALTPF) (GER:
9AJ1) ("
APN
" or the "
Company
") is pleased to report that proceeds to date from the sale of
mineralized vein material have surpassed
$500,000
, partially funding the continued progress of its
operations at the historic Farellon Copper-Gold Mine ("
Farellon
") near La Serena,
Chile
, as the
Company applies lessons and pursues opportunities identified from bulk sampling of the
395M
Level
to test the continuation of a high-grade zone to the
401M
Level.
CEO
John Williamson
stated, "
According to the information we have collected from the
395M
Level,
we expect to enter a high-grade zone as we continue developing the
401M
Level to the NE. The
experience we have gained with our previous bulk sampling indicates that the vein width and grade
distribution at Farellon may allow for selective extraction of high-grade mineralized material.
Within the next stage of bulk sampling (October to December), we will test our ability to minimize
dilution by extracting selectively higher-grades and whether the operating parameters are
sustainable within a low copper price environment. This will allow us to re-assess the bulk
sampling outcomes under current criteria and conditions in order to further refine our operating
strategy, leading to a resource update in the New Year
."
APN has developed a total of
160 m
along the Farellon vein at the
401M
Level. The best grade-
width intervals of systematic continuous chip channel sampling yield an average of 1.53 % Cu; 0.12
g/t Au; and 43.38 % Fe with an average width of
1.55 m
. The minimum width is
0.82 m
with 3.13 %
Cu; 0.10 g/t Au; and 47.76 % Fe and the maximum width is
3.49 m
with 2.81 % Cu; 0.14 g/t Au; and
39.81 % Fe.
Information collected from the
395M
level shows that the
401M
is entering a higher-grade zone that
extends for ~55 m (
Figure 1
). The best grade-width average for this zone yields 3.89 % Cu; 0.16 g/t
Au; and 40.16 % Fe with an average width of
1.65 m
. The highest grade across
1.55 m
is 9.91 %
Cu; 0.25 g/t Au; and 29.62 % Fe. A second zone (
42 m
length) of wider vein shows a best grade-
width average of 1.70 % Cu; 0.12 g/t Au; and 36.88 % Fe with an average width of
3.89 m
. The
width in this zone ranges from 1.4 to
5.9 m
. All widths are reported as true width. Best grade-width
intervals for continuous chip channel sampling have been calculated excluding samples either from
the foot-wall or hanging-wall vein contacts, which consist of apatite/actinolite with lower Cu grades
(<0.5 % Cu). Selective extraction of high-grade mineralized material with a minimum of
0.82 m
is
possible and allows for grade control to adapt within the lower price environment.
Figure 1. Map showing progress of Level 401M and average grades for 395M level channel
sampling (CNW Group/Altiplano Metals Inc.)
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 Metals Inc. (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.apnmetals.com
.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
President and CEO
This news release may contain certain "forward looking statements". Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and other factors that may cause the
actual results, performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by the forward-looking
statements. Any forward-looking statement speaks only as of the date of this news release and,
except as may be required by applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether as a result of new information, future
events or results or otherwise. Neither 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.
For more information on the Company, investors should
review the Company's continuous disclosure filings that are available at
www.sedar.com
.
SOURCE
Altiplano Metals Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/September2018/28/c7162.html
%SEDAR: 00030745E
For further information:
Jeremy Yaseniuk, Director, [email protected], Tel: (604) 773-
1467
CO: Altiplano Metals Inc.
CNW 03:05e 28-SEP-18