Altiplano Options Pastillas Gold-Copper Exploration Project in the Maricunga Belt of Chile

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[{"type":"text","content":"Altiplano Options Pastillas Gold-Copper Exploration Project in the Maricunga Belt of ChileEdmonton, Alberta--(Newsfile Corp. - August 19, 2021) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to announce that it has entered into an arm's-length option agreement (the \"Agreement\") dated August 18, 2021, to acquire the Pastillas gold exploration project (the \"Property\") located within the prolific Maricunga belt, approximately 116km from Copiapó in the Atacama region of Chile. The agreement provides the Company the opportunity to acquire a 100% undivided interest in the Property for a total acquisition cost of US$1,230,000, plus 1,000,000 common shares of the Company to be paid and issued, respectively, in instalments over the next four years, as well as incurring a minimum of US$2,900,000 in exploration work in instalments on the Property over the next 4 years, and the optionor retaining a 2.0% net smelter returns royalty (\"NSR\") from production.Pastillas highlightsComprises 3,100 ha of exploration concessions covering an extensive zone of advanced argillic, steam heated type alteration typical of shallow exposure in productive high level epithermal systems.Located in the highly prospective Maricunga belt of northern Chile with potential for Maricunga style porphyry Au-Cu mineralization at depth (Figure 1).Proximal to four world class, advanced stage gold projects: 20 km south of Fenix (Rio 2); 20 km north of Volcan (Hochschild); 12 km northeast of La Pepa (Yamana Mineros); and 14 km west of Lobo-Marte (Kinross).CEO Alastair McIntyre commented, \"I am very pleased to reach an agreement on the acquisition of Pastillas. This is an excellent exploration project with scalable potential located within elephant country of the prolific Maricunga district which hosts numerous mines and advanced stage gold and copper projects. The acquisition of Pastillas syncs with the Company's strategy of developing near term cash flowing assets but also focusing on large scale exploration projects with the potential of developing significant mineral resource potential.\"Figure 1: Left: Pastillas Project location, Atacama Region, Chile. Right: Pastillas location within the Maricunga Belt and major nearby Au ± Cu depositsTo view an enhanced version of Figure 1, please vis...

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