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Altiplano Reports February 2022 Results at Farellon with Record Copper Grade at 2.17%
Edmonton, Alberta--(Newsfile Corp. - March 17, 2022) - Altiplano Metals Inc . (TSXV: APN) (WK...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Reports February 2022 Results at Farellon with Record Copper Grade at 2.17%Edmonton, Alberta--(Newsfile Corp. - March 17, 2022) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to report on the February 2022 results from the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile. Approximately 3,720 tonnes in total of mineralized copper-gold material was extracted at Farellon and 2,303 tonnes were processed during the month of February. This work represented a 4% improvement over the January output of 3,580 tonnes and a 4.5% improvement over the 2,110 tonnes processed in January. The grade in February improved to 2.17% for the month compared to the January grade of 2.05%. The February copper grade is recorded as the highest monthly grade recovered from Farellon since operations began in Q1 2018. Grade improvements in the last few months are noticeable and attributed to accessing higher grade material in the lower levels of the NE sections of the mine at the 368 m and 360 m levels.Revenue generated in February was approximately US$327,436 after processing costs, representing an 18% improvement over January's revenue of $277,845. Revenue continues to improve as a result of higher grade and increased copper sales. At February month end, an additional 250 tonnes were stockpiled at site where the revenue will be credited to the following months after processing has been completed. In addition, 1,450 tonnes of low-grade copper/high grade iron are stockpiled at site for processing at El Peñón site when that facility is completed.CEO Alastair McIntyre commented, \"Productivity improvements at Farellon are generating positive returns in improving grade and increased production. We are pleased to see higher grades, especially at depth, which drives increased revenues and supports our plans for continuing the development at Farellon to deeper levels.\"Figure 1. Comparative 2021 Monthly Review of Farellon OutputTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4303/117123_a14ec1e904ded895_001full.jpgFigure 2. Monthly Processed Material, Income and Mining Cost at FarellonTo view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/4303/117123_a14ec1e904ded895_002full.jpgMonth 2021USD Income*Copp...