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Altiplano Advances Underground Development at Farellon
Edmonton, Alberta--(Newsfile Corp. - April 12, 2021) -   Altiplano Metals Inc . (TSXV: AP...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Advances Underground Development at FarellonEdmonton, Alberta--(Newsfile Corp. - April 12, 2021) -  Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to provide an update on the underground mining activity at the Farellon Copper-Gold (Cu-Au) 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 development length required. The intersection of the 369 m level is expected late April/early May. The new access point will provide two additional development headings to the NW and SW directions.CEO Alastair McIntyre commented, \"Expansion of the Hugo Decline is part of our ongoing development plan to operate on several working headings through multiple access points. These additional locations provide opportunity to further improve efficiencies and grade control. Our next stage of development involves ventilation improvements which will provide the opportunity to increase the number of daily production shifts. This increased capacity will allow us to maximize output from the development headings and, in addition, to begin mining above and below existing drifts. This is all part of our design to maximize the output in advance of the mill facility start up.\"Figure 1. Illustration of Underground Operations at FarellonTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4303/79986_87df02d78466ea68_001full.jpg* The decision to commence production on the Farellon deposit 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 the production decision.Figure 2. Jumbo Preparing Face for AdvancementTo view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/4303/79986_87df02d78466ea68_002full.jpgCOVID-19 Update: The health and safety of our employees, contractors, visitors, and the local community remain our top priorities. Altiplano continues to follow the COVID-19 guidance issued by the Federal and Provincial Governments of Ca...