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Altiplano Recommences Hugo Decline Development to Access Additional Cu-Au Mineralization at the Historic Farellon Mine, Chile
Edmonton, Alberta--(Newsfile Corp. - February 21, 2020) - Altiplano Metals Inc. (TSXV: APN) ...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Recommences Hugo Decline Development to Access Additional Cu-Au Mineralization at the Historic Farellon Mine, ChileEdmonton, Alberta--(Newsfile Corp. - February 21, 2020) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to announce that management has recommenced advancement of the Hugo decline which currently accesses the 401M and 395M underground extraction levels at the Company's historic Farellon Copper-Gold Mine near La Serena, Chile. The advancement of the decline will continue over the next few months and will provide access to deeper parts of the Farellon Cu-Au vein system, which was intersected in 5 diamond drill holes completed in 2019 (see Table 1). This advancement will provide access for further bulk sampling of the Farellon mineralization below the 395M level (see Figure 1).CEO Alastair McIntyre stated, \"We are pleased to report the continuation of the Hugo decline which will facilitate continued evaluation of the Farellon Cu-Au vein system. We are excited to move the project forward as we work on this expansion and the development and building of the onsite processing facility.\"Table 1 - 2019 Drill ResultsDrill HoleLength (m)AzimuthDip (°)Vein from (m)Vein to (m)Interval (m)Estimated True Width (m)Average Cu grade (%)19FNDH03335.8110-3523.4032.058.654.901.4119FNDH03432.6150-3823.5030.206.701.531.2019FNDH03543.0118-3626.1035.709.602.971.5019FNDH03631.2205-4315.0029.4014.402.503.5519FNDH03788.0110-5053.5077.5024.004.302.28 Over the next several months the company plans to advance the Hugo decline up to 53 m vertically below the 395M level. The decline extension will allow access to a potential 200,000 tonnes of Cu-Au mineralized material. Limited drilling completed in 2019 indicates that the vein system persists to depth with similar grades and widths as has been extracted over the last 15 months of bulk sampling. During this period Altiplano has extracted and processed 57,000 tonnes of mineralized material at an average grade of 1.75% Copper. This compares closely to the vein's Inferred mineral resource, which was 278,360 tonnes at an average grade of 1.92% Copper (and 0.12 g/t Au) at a 1.0% Cu cut-off grade, as discussed in an independent Technical Report by APEX Geoscience Ltd. (Dufresne et al, 2018 - Link to associated press release). The Compa...