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Altiplano Provides Update on Ongoing Decline Advancement and Drilling at Maria Luisa
Edmonton, Alberta--(Newsfile Corp. - May 16, 2022) - Altiplano Metals Inc . (TSXV: APN) (WKN:...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Provides Update on Ongoing Decline Advancement and Drilling at Maria LuisaEdmonton, Alberta--(Newsfile Corp. - May 16, 2022) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to provide an update on decline progress and ongoing exploration activities at the Maria Luisa Project (the \"Project\"), located 100 km north of La Serena within the Atacama region in Incahuasi, Chile. Program Highlights The Company has completed 245 metres of the NW-SE trending Maria Luisa decline and is now approximately 90 metres from the projected target depth. Cross cuts to the SW will soon begin to intersect the vein sets to support the mining plan.Approximately 780 metres of planned underground and surface drilling has been completed across 10 drill holes. The drill program is designed to confirm the presence of gold-copper vein material to guide development, and to test for additional veins at depth where they have been observed or inferred from surface mapping.Extensive surface bedrock and underground mapping is ongoing. Additional vein systems and previously unknown vein orientations have been delineated. Mapping observations regarding vein orientations and the distribution and intensity of alteration associated with mineralization are used to inform and guide exploration drill targeting and future decline advancements. The Company has delineated previously unrecognized N-S trending gold-copper vein sets via surface and underground mapping and in initial drill logging observations that may prove important in future production scenarios. A total of 210 tonnes of bulk sample copper oxide material was mined and shipped for sale from a secondary vein system first exposed in the early stages of the decline development (See news release dated February 14, 2022). Processing of the material returned an average grade of 1.41% copper. Sales of this material generated approximately US$13,000.Alastair McIntyre, President and CEO comments \"We are pleased with the progress and the advance of the Maria Luisa decline, and are on track to reach the targeted vein system within the next few months. The completion of the decline and subsequent crosscuts to access gold-copper vein material will provide the opportunity to generate additional sales revenue moving forward.\"Figure 1: Maria Luisa declin...