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Altiplano Discovers New Zone at Maria Luisa; Drills 10.50 Metres of 3.76 g/t Gold and 3.83% Copper
Edmonton, Alberta--(Newsfile Corp. - August 9, 2022) - Altiplano Metals Inc . (TSXV: APN) (WK...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Discovers New Zone at Maria Luisa; Drills 10.50 Metres of 3.76 g/t Gold and 3.83% CopperEdmonton, Alberta--(Newsfile Corp. - August 9, 2022) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to announce a new discovery at the Maria Luisa Project (the \"Project\"), located 100 km north of La Serena within the Atacama region in Incahuasi, Chile. Drill hole 22MLDDH012 intersected 10.50 metres (m) of 3.76 grams per tonne (g/t) gold (Au) and 3.83% copper (Cu), including 3.00 m of 2.30 g/t Au and 8.26% Cu, and 4.50 m of 6.03 g/t Au and 2.19% Cu; results are in Table 1. This drill hole was collared at the 867 m level of the current underground workings at Maria Luisa.Program HighlightsDrill hole 22MLDDH012 is a new discovery north and west of historical underground workings. The area has never been historically drilled or mined, follow-up work is underway to delineate the scope and scale of this new discovery.Rocks hosting high copper and high gold grades in 22MLDDH012 vary with depth (Table 1). 1.00 m of 0.88 g/t Au and 2.36% Cu is from copper and iron oxide that is spatially associated with a fault gouge zone. 10.50 m of 3.76 g/t Au and 3.83% Cu is associated with a silicified breccia zone characterized by blebby to massive copper sulphide (chalcopyrite) and disseminated pyrite.At depth, 0.50 m of chalcopyrite-bearing intrusive returned 6.46% Cu.Assay results are pending for four drill holes that intersected intervals similar in appearance to the high-grade breccia zone of 22MLDDH012 (Figures 1 and 2).The Company has developed 410 metres of the NW-SE trending Maria Luisa Decline and is now approximately 23 metres from the projected initial target length. Cross cuts to the SW will intersect the vein system to support the proposed mining plan.The decline advance also allows the Company to continue testing exploration targets from underground drilling (Figure 3).Table 1: Drill results from hole 22MLDDH012From (m)To (m)Interval* (m)Au (g/t)Cu (%)22MLDDH01232.5533.551.000.882.36and40.0550.5510.503.763.83incl.40.0543.053.002.308.26and incl.44.5549.054.506.032.19and84.5585.050.500.016.46 *Intervals are core length; true width is currently unknownAlastair McIntyre, President and CEO, commented, \"We are very encouraged with the discovery of this new zone and the corresponding high-...