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Altiplano Confirms Continuity in Farellon Vein System at Depth with Ongoing Exploration Drill Program
Edmonton, Alberta--(Newsfile Corp. - October 13, 2021) - Altiplano Metals Inc . (TSXV: APN) (...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Confirms Continuity in Farellon Vein System at Depth with Ongoing Exploration Drill ProgramEdmonton, Alberta--(Newsfile Corp. - October 13, 2021) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to announce that 8 drill holes from Phase 1 of its ongoing 6,200 m underground exploration drilling program have been completed at the Farellon copper-gold (Cu-Au) mine located near La Serena, Chile.HighlightsEight underground drill holes from Drill Pad 1 (Figure 1) have been completed for a total of 1,857 metres. Continuity of the Farellon Vein System at depth has been confirmed with all holes intersecting the Farellon Vein System up to 28 metres below the current 360 m development level (198 m below surface).Drilling has confirmed the strike extent of the vein system over 230 metres where mineralized sections vary in (true) width from 2.5 m to 5 m and averaging 3.68 m.Logging of the drill core has confirmed the presence of copper sulphide and magnetite mineralization typical of the upper parts of the working developments. The drill has been moved to the second location at Drill Pad 2 (on surface) to begin the next planned series of holes.CEO Alastair McIntyre comments, \"We are pleased with the initial results from the first eight holes in the ongoing drill program. Visual inspection of the core has confirmed copper sulphide and magnetite mineralization in the Farellon vein at depth and we look forward to the completion of the program and releasing assay results in the coming weeks.\"The intent of the 6,200 m drilling program is to further delineate the iron oxide copper gold vein system at depth and to outline additional tonnage available to support the planned 5,000 tonnes/month extraction rate at Farellon. In addition, the drilling is expected to aid in grade control and optimize development.Figure 1: Plan map of Farellon underground development and drill planTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4303/99377_c8324de304431872_001full.jpgAltiplano has generated over US$6,600,000 from the recovery and sale of approximately 3.375 million pounds of copper with an average grade of 1.77% Cu (2018 Q1-2021 Q2). Cash flow has been re-invested into equipment, underground drilling, expanding underground development, enhancing ventilatio...