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Altiplano Completes Toll Milling of 2,000 Tonne Bulk Sample, Looks Forward to Further Results at the Farellon Copper-Gold Project in Chile
Altiplano Completes Toll Milling of 2,000 Tonne Bulk Sample, Looks Forward to Further Resu...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"\n\n\n\nAltiplano Completes Toll Milling of 2,000 Tonne Bulk Sample, Looks Forward to Further Results at the Farellon Copper-Gold Project in Chile\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nEDMONTON, April 13, 2018\n\n\n\nAPN: TSXVThe ALTPF: OTCQB9AJ1: FWB\n\n\n\nEDMONTON, April 13, 2018 /CNW/ - Altiplano Minerals Ltd. (TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) (\"APN\" or the \"Company\") is pleased to report that toll milling of the mineralized vein material from its initial 2,000 tonne bulk sample at the 395M level of the Farellon Copper-Gold project, near La Serena, Chile, has been completed, generating gross proceeds to the Company of US$159,722 and averaging 1.89% Cu or US$80 per tonne. \n\nCEO John Williamson stated, \"The toll milling results for the initial bulk sample that was taken from our newly constructed decline are very close to the 1.92% Cu grade that APEX Geoscience had estimated in calculating our maiden inferred resource at Farellon, which we announced earlier this week. We are now using this initial experience to manage dilution and optimize grade while taking our second bulk sample of 5,000 tonnes from three sublevels. Our primary immediate-term objectives at Farellon are to prove our capability to extract 5,000 tonnes per month, as permitted, and to gather sufficient data to expand and upgrade our maiden inferred resource.\"\n\nWith continued exploration, it is reasonably expected that the majority of the Company's inferred mineral resources at Farellon could be upgraded to indicated mineral resources (see announcement of April 10, 2018). The completion of toll milling for the initial bulk sample of 2,000 tonnes provides the Company with its first revenue from the Farellon Project and helps to form a basis for analyzing its potential economics going forward. A second bulk sample of 5,000 tonnes is being collected from the 395M level and the newly created 401M and 414.5M levels. The opening of the these new sublevels for bulk sampling will enable comparative results that may be used to potentially convert the Company's existing inf...