Business
Altiplano Reports on Advance of Underground Mining Operations at Farellon
Edmonton, Alberta--(Newsfile Corp. - July 13, 2022) - Altiplano Metals Inc . (TSXV: APN) (W...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Reports on Advance of Underground Mining Operations at FarellonEdmonton, Alberta--(Newsfile Corp. - July 13, 2022) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to report the intersection of the 352 m mining level as part of the ongoing development of the Hugo Decline at the Farellon copper gold mine located near La Serena, Chile. Cross cuts from the 352 m level have intersected the Farellon Iron Oxide Copper Gold vein structure with production headings now established on the northeast and southwest directions. Mining in this area has begun along with benching operations continuing between the roofs and floors of the 360 m and 368 m levels. Further development of the Hugo Decline to the 344 m level is expected to begin in the next four weeks with a time frame of approximately 12 weeks to reach the new targeted intersection.CEO Alastair McIntyre comments: \"Ongoing development is part of our sustainability work at Farellon. Advancing to lower levels of the mine provides access to additional working faces which improves our ability to manage grade control and productivity. Going forward, the copper-gold-iron material extracted from these lower levels will form the bulk of the shipments to feed the newly commissioned El Peñón processing facility.\"Figure 1: Farellon Mine SectionTo view an enhanced version of Figure 1, please visit:https://images.newsfilecorp.com/files/4303/130725_1fc3b263c4917b4c_001full.jpgThe decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with the production decision.Figure 2. 352 m NE Operating Heading To view an enhanced version of Figure 2, please visit:https://images.newsfilecorp.com/files/4303/130725_1fc3b263c4917b4c_002full.jpgAbout AltiplanoAltiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine, development of near-term producing gold/copper projects, and exploration land packages with district-scale potential. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable ...