Altiplano Minerals Ltd. Commences Cross-Cut Development, Initial Bulk Sampling, Considers Possible Mining Methods at the Historic Farellon Copper-Gold Mine in Chile
The ALTPF: OTCQB
EDMONTON, Nov. 13, 2017 /CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the "Company") announces that the Comet Joint Venture ("CJV") has approved plans to expedite advanced exploration at the historic Farellon Copper Gold ("Cu-Au") Mine.
At Farellon, the CJV has commenced development of crosscuts towards the Cu-Au vein system. The CJV has engaged a Canadian and a Chilean Mining Engineering Firm and a Chilean Mining Contractor to consider possible future mining methods. The CJV is commencing bulk sampling to further evaluate the potential for high-grade Cu-Au mineralization and collect rock quality data. In preparation, the CJV has commenced sourcing of underground mining equipment and additional personnel.
CEO John Williamson stated, 'We are excited by recently reported results as the grades and widths are consistent with, or exceed, expectations derived from the historical data. With the addition of key consultants and continual refinement of management processes and methods, we are rapidly evaluating the potential at Farellon. Our vision for our Chilean projects is that we will continue to validate additional potential.'
As part of its ongoing program, the CJV 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.
Osbaldo Zamora Vega, 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.
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
Tel: (780) 437-6624
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
Jeremy Yaseniuk, Director, firstname.lastname@example.org, Tel: (604) 773-1467; Renmark Financial Communications Inc., Laura Welsh: email@example.com, Tel.: (416) 644-2020 or (514) 939-3989, www.renmarkfinancial.com