Business
Altiplano Minerals Accelerates Option on GD Property
May 25, 2011 (TheNewswire.ca) -- Vancouver, British Columbia - May 25, 2011 - Altiplano Mine...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"\nAltiplano Minerals Accelerates Option on GD Property\n\n May 25, 2011 (TheNewswire.ca) -- Vancouver, British Columbia - May 25, 2011 - Altiplano Minerals Ltd. (\"Altiplano\" or the \"Company\")(APN: TSX-V) is pleased to announce that it is now the 100% owner of the GD Property located in central British Columbia, pursuant to an agreement (\"GD Option Agreement\") initially entered into on May 19, 2010 and subsequently amended on June 11 and July 27, 2010.Pursuant to the GD Option Agreement signed on May 11, 2011, the Company paid a cash sum of $125,000 in lieu of the final share issuance of 1,000,000 common shares to the Vendor. The Company is now the 100% owner of the GD Property subject to a 2% net smelter royalty in favour of the Vendor.For more information on the GD option agreement please see MD&A posted on SEDAR on March 1, 2011.About the GD PropertyThe GD Property comprises 11 mineral claims totaling 4,162 hectares located in central British Columbia, approximately 15 km south of the villages of Topley Landing and Granisle and 30 km northeast of the town of Topley off the Granisle Highway. The Company is currently planning for a stage 1 exploration program as recommended in a National Instrument 43-101-compliant technical report prepared for the Company, summarized in the Company's Prospectus dated December 23, 2010.About AltiplanoAltiplano Minerals Ltd. (TSXV: APN) is a mineral exploration company with an emphasis on acquiring projects with significant potential for discovery. Currently, Altiplano has positioned itself in one of the most mineralized zones in British Columbia, Canada, with prospective copper-gold-moly targets. The GD Property is located in central British Columbia, west of Babine Lake and south of Granisle, within the Omineca Mining Division - an area that hosts two past producing mines: the Bell Copper (TSXV:BCU) (OOTC:BCUFF) Mine and the Granisle Copper Mine.Management is experienced in seeking out, advancing, and financing promising exploration projects in Canada and abroad. The Company is currently evaluating additional properties to build the project pipeline and increase shareholder value. The Company completed its initial public offering of its common shares on January 31, 2011 and began trading on the TSX Venture Exchange on February 2, 2011 under the symbol \"APN\". Additional information conce...