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Altiplano Reports 3.18 % Cu over 3.67 Metres in Recent Drilling Confirming Continuation of High-Grade Copper Results at Farellon
Edmonton, Alberta--(Newsfile Corp. - January 13, 2022) - Altiplano Metals Inc . (TSXV: APN) (...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Reports 3.18 % Cu over 3.67 Metres in Recent Drilling Confirming Continuation of High-Grade Copper Results at FarellonEdmonton, Alberta--(Newsfile Corp. - January 13, 2022) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to report assay results from five additional drill holes at its recently completed exploration drilling program at the Farellon copper-gold (Cu-Au) mine located near La Serena, Chile. HighlightsA total of 20 holes have been drilled at Farellon completing the program with a cumulative total of 3,634 metres of drilling. Assay results from all 20 holes drilled to-date have been received with six new holes reported as outlined in Figure 1.All additional holes have intersected the mineralized vein system at depth observed up to 24 m below the current 360 m operational level and along the NE-SW strike extensions. Exploration holes at Drill Station 2 (Figure 2) have yielded strong results below the existing workings in the NE section, including new results reported at 3.18% Cu over 3.67 m, 2.85% Cu over 3.97 m and 3.24% Cu over 2.68 m (Figure 1). Previous reported results from this area include 2.97% Cu over 4.86 m (full assay results are listed in Figure 3).The drill results further demonstrate the mineralized areas observed in the core are consistent with the mineralized areas of the upper zones of the Farellon vein system that were previously drilled and consistent with results from the ongoing mining operations. Since 2018, the grade at Farellon has averaged 1.74% Cu through the extraction and sales of Cu-Au material.Overall, the drill results are excellent and support the potential to increase the amount of mineralized tonnage available for extraction along strike and at depth.The El Peñón processing facility, currently in construction, will include an iron separation unit which will provide opportunity to capture significant secondary revenue from the sale of iron in future operations. Altiplano expects to utilize lower grade copper zones in the coming quarters with additional revenue expected from iron recovery.In the 20 reported intervals from the completed drill campaign, the average iron content is 35.5%. CEO, Alastair McIntyre, comments: \"The 2021 drilling program has expanded the areas of known mineralization at Farellon by confirming the ...