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Altiplano Begins Copper-Gold-Iron Bulk Sampling at Santa Beatriz
Edmonton, Alberta--(Newsfile Corp. - January 15, 2025) - Altiplano Metals Inc . (TSXV: APN) (WKN...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Begins Copper-Gold-Iron Bulk Sampling at Santa BeatrizEdmonton, Alberta--(Newsfile Corp. - January 15, 2025) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to announce underground bulk sampling at the Santa Beatriz historical iron-oxide-coper-gold mine (IOCG). Santa Beatriz is located approximately 45 kilometers south of La Serena, Chile, and 13 kilometers south of the El Peñón processing plant. President and CEO Alastair McIntyre comments:\"We are pleased to begin the bulk sample extraction of mineralized copper-gold and iron material from Santa Beatriz. The mineralogy of the vein structure and its proximal location to the El Peñón facility is ideal to support processing capacity at the plant. Our next steps involve more detailed studies to support further underground development.\"Key Highlights:Bulk sampling has begun and will focus on the western section of the historical Cu-Au-Fe underground mine (see Figure 1). Approximately 300 tonnes have been mined in the first week of JanuaryThe underground mining team is focused on removing mineralized material in the vein structure from above the exposed previously mined zones.This area yielded 2.45 m with 3.65 % Cu; 0.29 g/t Au; and 26.97 % Fe which includes a 1.08 m sample that yielded 8.08% Cu, 0.63g/t Au, and 39.49% Fe as reported in the May 27, 2024 news release. Extraction tonnage is planned at 500 tonnes per month increasing to 1,000 tonnes per month while the assessment of the production potential and mine expansion is being completed. The first shipment from Santa Beatriz is expected at the end of JanuaryFurther mine development to access the vein structure at lower levels will be supported by a diamond drill program, currently under development.Figure 1: Plan View of the Santa Beatriz Property.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4303/237172_d2cad690f4ba0a1f_001full.jpgThe decision to develop the Santa Beatriz deposit, including bulk sampling, is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty of economic and technical risks of failure associated with any potential production decision.Figure 2: Inspection of Extraction Area at Santa Beatriz.To view an e...