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Altiplano Reports April 2023 Results at Farellon with 1.72 % Cu Grade
Edmonton, Alberta--(Newsfile Corp. - June 7, 2023) - Altiplano Metals Inc . (TSXV: APN) (WKN: A2...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Reports April 2023 Results at Farellon with 1.72 % Cu GradeEdmonton, Alberta--(Newsfile Corp. - June 7, 2023) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to report on the April 2023 operating results from the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile. During the month of April, approximately 3,022 tonnes of mineralized copper-gold material was produced at Farellon with approximately 2,973 tonnes shipped and processed. The April production represents an increase of 5% over the March output of 2,875 tonnes. Processing in April decreased by 11% over the March figure of 3,315 tonnes processed. The copper grade at Farellon observed in April was 1.72%, representing a small decrease from the 1.77% observed in March. Revenue generated in April was approximately US$279,925 after processing costs, representing a 17% decrease over March's revenue of US$329,055. At April month end, an additional 200 tonnes were stockpiled at site with 1,790 tonnes in process at ENAMI. The revenue from this material will be credited in the following months after processing has been completed. An additional, 6,000 tonnes of lower grade stocks are on site at Farellon and available to be shipped and processed at El Peñón. This material will be blended with higher grade material to optimize the milling process. A total of 2,800 tonnes have been shipped to the El Peñón processing facility in advance of full operation. This material will be used as part of the startup phase expected in the last week of June. Newly mined material will begin to be shipped to the El Peñón facility in mid-July.CEO Alastair McIntyre commented: \"The April operating results at Farellon are in line with our strategy of focusing on operational improvements in our mining processes in preparation for full operational capacity as our mill comes online in July. We are building lower grade stocks at the mine site and higher grade at the processing facility to support efficient milling operations. We are pleased to note continuing strong copper grades and elevated vein widths at the lower mining levels in our mining operations.\"Figure 1. Comparative Monthly Review of Farellon Output (2022-2023)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com...