Altiplano Metals Inc. is pleased to provide an update on the underground operational activity at the Farellon Copper-Gold mine located near La Serena, Chile. As part of the continuous improvement practices at Farellon, the Company has engaged an engineering firm to design and install a new ventilation system for the Farellon mine. The implementation of the new ventilation system is part of the ongoing development at [...]
Altiplano Metals Inc. is pleased to announce that it has entered into a new arm's-length option agreement on the Maria Luisa project , whereby the Company may acquire a 100% undivided interest in the Property for a total acquisition cost of US$2,000,000 over three years. This Agreement replaces the current revenue sharing agreement on the Property, previously announced on August 27, 2020, which can be viewed here. Under [...]
Altiplano Metals Inc. is pleased to report on the Q1 2021 results from the Farellon Copper-Gold mine located near La Serena, Chile. During Q1, 2021, the Company extracted a total 9,770 tonnes of mineralized Cu/Au material at Farellon and processed 8,055 tonnes at an average copper grade of approximately 1.53%. Sales of 257,500 pounds of copper generated approximately US$544,000 in revenue. Total revenue since Q1 2018 [...]
Altiplano Metals Inc. is pleased to provide an update on activity at the Farellon Copper-Gold mine located near La Serena, Chile. The Company is pleased to report that it has purchased a diamond drill rig to support ongoing structural and geological grade control at Farellon. The RIVPA model Katan 1000 is capable of drilling diamond drill holes in NQ and BQ diameters. In addition, this new drill can operate from the [...]
Altiplano Metals Inc. is pleased to provide an update on the underground mining activity at the Farellon Copper-Gold mine located near La Serena, Chile. As part of the ongoing underground development at Farellon, the Company began the extension of the Hugo Decline in the month of March to access the 369 m level access point as illustrated in Figure 1. To date, the operation has advanced 45 m of the expected 80 m of total [...]
Altiplano Metals Inc. is pleased to announce that it has accelerated and fully repaid $800,000 in outstanding loans payable to certain arm's length investors of the Company pursuant to a debt financing that closed on March 24, 2020 . In addition, the Company has made the final installment payment of $100,000 to Comet Exploration Ltd., thus eliminating the 10% net profits interest due to Comet from profits derived from [...]
Altiplano Metals Inc. is pleased to announce that it has closed and oversubscribed its previously announced non-brokered private placement , as described in its press release dated March 8, 2021, pursuant to which it has issued an aggregate of 12,300,000 units at $0.25 per Unit for gross proceeds of $3,075,000. Each Unit consists of one common share of the Company, and one-half non-transferable share purchase warrant to [...]
A correction from source is issued for the news release disseminated on March 5, 2021. The news release has been corrected for the Warrant accelerator price. The corrected release follows: Altiplano Metals Inc. is pleased to announce that it has arranged a non-brokered private placement of up to 10,000,000 units at C$0.25 per Unit to raise up to C$2,500,000 in gross proceeds. Each Unit will consist of one common share and [...]
Altiplano Metals Inc. is pleased to announce that it has arranged a non-brokered private placement of up to 10,000,000 units at C$0.25 per Unit to raise up to C$2,500,000 in gross proceeds. Each Unit will consist of one common share and one-half non-transferable share purchase warrant of the Company. Each whole Warrant will be exercisable to acquire one additional common share for two years from the closing date of the [...]
Altiplano Metals Inc. is pleased to report on the January 2021 production results of from the Farellon Copper-Gold mine located near La Serena, Chile. During January 2021, Farellon produced approximately 3,480 tonnes of mineralized Cu/Au material at an approximate grade of 1.8% copper with shipments for processing totaling 2,770 tonnes. January revenue generated US$220,000 from the sale of 151,960 pounds of copper [...]
Altiplano Metals Inc. is pleased to provide an update of the civil works and site preparation progress at the Company's copper-gold-iron processing plant. The facility is located at El Peñón, near La Serena, Chile and approximately 15 km from the Company's Farellon Copper Gold mine. Alastair McIntyre, CEO, comments, "I am pleased to report that the work at the APN El Peñón Processing Plant is progressing well. We have [...]
Altiplano Metals Inc. is pleased to report on the Q4 2020 production results from the Farellon Copper-Gold mine located near La Serena, Chile. During Q4, 2020, the Company extracted a total 11,685 tonnes of mineralized Cu/Au material at Farellon and processed 9,150 tonnes at an average grade of approximately 1.68% Cu. Copper sales of 322,000 pounds generated US$580,000 in revenue. Total mined tonnes improved in Q4 [...]
