Business
Altiplano Reports November Production and Underground Expansion
Edmonton, Alberta--(Newsfile Corp. - January 18, 2021) - Altiplano Metals Inc . (TSXV: APN) (...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Reports November Production and Underground ExpansionEdmonton, Alberta--(Newsfile Corp. - January 18, 2021) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to report on the November 2020 production results from the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile. During November 2020, Farellon produced approximately 4,030 tonnes of mineralized Cu-Au material at an approximate grade of 1.80% copper with shipments for processing totaling 3,157 tonnes (including stockpiled material). Revenue in November was approximately US$215,000 generating a marginal increase from October revenue of approximately US$9,000. The November production figure represents an improvement of approximately 28% from October 2020 with November shipped material ending the month marginally higher than October. At November month end, an additional 950 tonnes were stockpiled and available to be shipped. CEO Alastair McIntyre commented, \"Our focus continues on improving the output at Farellon with production occurring on six development headings. With the new headings at the 376 m level and the existing 382m level beyond the extrusive dyke to the SW, we can expect additional efficiency improvements. By further expanding to the next target at the 370 m level, our near term goal is to operate on eight headings.\"Table 1. Comparative 2020 Monthly Review of Farellon Output and ShipmentsTo view an enhanced version of Table 1, please visit:https://orders.newsfilecorp.com/files/4303/72158_cb86a272c45e6885_001full.jpgTable 2. Comparative 2020 Monthly Grade at FarellonTo view an enhanced version of Table 2, please visit:https://orders.newsfilecorp.com/files/4303/72158_cb86a272c45e6885_002full.jpgTable 3: Comparative 2020 Monthly RevenueTo view an enhanced version of Table 3, please visit:https://orders.newsfilecorp.com/files/4303/72158_cb86a272c45e6885_003full.jpgAt the end of November, advancement on the SW 382 m level completed 5.5 m of work beyond the intrusive dyke where grades of 1.65% Cu were observed. Development work has also begun on expanding the 389 m level to access the mineralized zone beyond the dyke. This work is expected to begin in January 2021. Further development of the Hugo Decline is also expected to continue in January to extend the underground workings and access the 370 m le...