Business
2021 New Year Greetings and Update from Alastair McIntyre, CEO - Altiplano Metals Inc.
Edmonton, Alberta--(Newsfile Corp. - January 11, 2021) - Altiplano Metals Inc . (TSXV: APN) (...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"2021 New Year Greetings and Update from Alastair McIntyre, CEO - Altiplano Metals Inc.Edmonton, Alberta--(Newsfile Corp. - January 11, 2021) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to provide a summary of the Company's activity in 2020 and forward looking activities as catalyst of growth for 2021 from the Company CEO, Alastair McIntyre.Figure 1. Jumbo operating at FarellonTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4303/71639_3bc13db3a4282bf3_001full.jpgHappy New Year 2021 to our shareholders, stake holders, service providers and followers of Altiplano Metals Inc.! There is no doubt that 2020 will be a year to remember where COVID - 19 brought so many challenges. It has been a very difficult year to watch the pandemic unfold, creating so much stress on peoples' physical, mental and financial health. Fortunately, with the vaccine roll out, there is now hope that our lives will soon return to normal.Despite the turmoil created by the pandemic, new opportunities also emerged with buoyant equity markets, volatility and high metal prices. Altiplano responded to these opportunities by raising a total of $2.975 million through three offerings in 2020. These raises were used to fund the mill purchase, the construction of a processing facility and further development of the Hugo Decline at Farellon. The advancement of the underground workings at Farellon now provides access to the Iron Oxide Copper Gold vein system at depth on six working headings. This work enabled Altiplano to continue its focus on improving output and grade at Farellon where we see current yields of ~1.85% copper. Going forward at Farellon, we expect to increase the development activities underground to reach new copper- gold mineralization at depths below the 370 m level as our next target. Further development will begin underground by expanding to the south-west of the main working areas. This work will provide Altiplano the opportunity to further increase the number of active development headings, maximize output and improve grade control. Figure 2. Farellon MineTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4303/71639_3bc13db3a4282bf3_002full.jpgThe decision to commence production on the Farellon deposit is no...