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Altiplano Begins Development at Santa Beatriz Cu-Au-Fe Mine Partnering with Andes Core Mining.
Edmonton, Alberta--(Newsfile Corp. - July 22, 2025) - Altiplano Metals Inc . (TSXV: APN) (WKN: A...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Begins Development at Santa Beatriz Cu-Au-Fe Mine Partnering with Andes Core Mining.Edmonton, Alberta--(Newsfile Corp. - July 22, 2025) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to provide an update on the development of the underground mine at Santa Beatriz, a historic underground copper-gold mine located approximately 45 kilometers south of La Serena, Chile, and 13 kilometers south of the Company's El Peñón processing plant. Highlights:Altiplano Metals has engaged Andes Core Mining (ACM) to provide technical support for the underground development at Santa Beatriz.The two-year agreement includes mine engineering and development, based on a pricing structure of cost per tonne in areas of mineralized zones and cost per meter of waste material from the development of ramps and ventilation structures.The mined copper/gold/iron mineralized material will be used to support the production of copper/gold and iron concentrate at El Peñón. The development will include the installation of a 75m ramp located at the 414m entrance.The ramp will begin with a 15% decline to intercept the 400 m level, accessing the Santa Beatriz vein structure through the footwall (Figure 1).Operations are expected to begin in late July, with a target set for August 28 to intersect the vein structure. First shipment to the processing plant is anticipated in early September.The next mining intersection will be 8 m below at level 392 m.3,000 tons/month are expected in the first 4 months of development, increasing to 5,000 tons in the following 6 months.The Company has made the required permit application for the initial extraction amount and will continue with the expansion to 5,000 tonnes.ACM will also provide technical and maintenance support for the El Peñón processing facility.Andes Core Capital (www.andescm.com) is a team of geology, engineering, construction, operations and maintenance professionals with experience in the development and management of mining and processing projects.President and CEO Alastair McIntyre comments:We are very excited to partner with Andes Core Mining who bring considerable mining and processing expertise to our business. Our development work, including bulk sampling and drilling, indicate that the IOCG vein system is identical in chara...