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Altiplano Pursues Wider High Grade Zones and Increased Processing Capability at the Historic Farellon Cu-Au Mine
Altiplano Pursues Wider High Grade Zones and Increased Processing Capability at the Histor...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"\n\n\n\nAltiplano Pursues Wider High Grade Zones and Increased Processing Capability at the Historic Farellon Cu-Au Mine\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nEDMONTON, Aug. 8, 2018\n\n\n\nEDMONTON, Aug. 8, 2018 /CNW/ - Altiplano Metals Inc. (APN:TSXV) (ALTPF:OTCQB) (9AJ1:GER) (\"APN\" or the \"Company\") is pleased to report on progress at the historic Farellon Copper-Gold Mine (\"Farellon\") near La Serena, Chile.\n\nCEO John Williamson stated, \"Our in-country team continues to advance exploration at Farellon with the goal of developing a long term plan.  As new observations and data have become available, we have been continually evaluating extraction methods and processing options to form a basis for future economic studies to assess the potential for scalable extraction scenarios, as well as the possibility of initiating commercial operations. In order to complete the detailed studies, we will drive a ramp up to the 414M level to the northeast above the 395M level and to the 365M level. This will allow us to test the extent and vertical continuity of a wide high-grade zone located within the last 100 metres of our exploration to date, which will lead us closer to a production decision. Over the last quarter we have extracted an average of 3,200 tonnes per month, and anticipate extracting 4,800 tonnes in July.\"\n\nWith the discovery of wider Cu-Au mineralized zones in the northeast 395M level, the Company has also recommenced advancement of the Hugo decline to the northeast to gain access to the wider zone with the goal of intersecting the Farellon vein system up to 50 m below the current development.\n\nDuring June, 2018 the Company completed extraction of its second 5,000 t bulk sample at Farellon. Of the 14,100 total tonnes of Cu-Au mineralized vein material extracted from Farellon to date, the Company has shipped 6,250 tonnes to a government processing facility and contracted two separate private processing facilities to process an aggregate of approximately 3,050 additional tonnes. Between the government and private processing...