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Altiplano Confirms Santa Beatriz Mine Exhibits IOCG Mineralization Comparable to the Farellon Copper-Gold Mine
Edmonton, Alberta--(Newsfile Corp. - June 26, 2023) - Altiplano Metals Inc . (TSXV: APN) (WKN: A...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Confirms Santa Beatriz Mine Exhibits IOCG Mineralization Comparable to the Farellon Copper-Gold MineEdmonton, Alberta--(Newsfile Corp. - June 26, 2023) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to report it has initiated technical due diligence on the Santa Beatriz Copper-Gold mine and confirms similarities to the Farellon mine in mineralization, lithology, and structural trends. The Santa Beatriz Mine is located only 2 kilometres (km) by road from the existing operation at the Farellon Copper-Gold Mine near La Serena, Chile. Farellon and Santa Beatriz are situated in the north/northeast trending 1,000-kilometre Atacama Fault zone within Chile's copper-rich iron oxide copper-gold (IOCG) belt; this area is associated with several significant deposits. Farellon and Santa Beatriz have the potential to be part of a larger IOCG system. HighlightsMineralized material at Santa Beatriz offers ideal potential for processing at the Company's El Peñón facility located ~18 kilometres to the north.IOCG-type veins at Farellon and Santa Beatriz share similar mineral characteristics and exhibit a consistent northeast orientation, indicating the possibility that both projects could be part of a larger system.Copper and gold mineralization within the vein structures at both Farellon and Santa Beatriz host excellent potential to develop a high-grade copper and iron resource with associated gold. The Santa Beatriz Mine is permitted for ~ 2,000 tons per month of production by the Chilean mining authority SERNAGEOMIN (Servico Nacional de Geologia y Mineria), with the potential to expand to 5,000 tonnes per month.Seven additional mapped IOCG veins on the Santa Beatriz property remain untested. The previously mined veins at Santa Beatriz remain open with the potential to intersect at depth. President and CEO Alastair McIntyre's comments: \"Altiplano is very encouraged by the initial work at Santa Beatriz confirming that the geological setting is similar to Farellon. We are currently designing a program to further delineate and expand the mineralization to assist with mine planning. As the Cu-Au-Fe mineralization is similar to the Farellon Mine, it is ideally suited for processing at our El Peñón facility. Santa Beatriz aligns with APN's focus on maintaining low transpor...