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Altiplano Reports on Establishing New 344 m Mining Level at Farellon
Edmonton, Alberta--(Newsfile Corp. - December 14, 2022) - Altiplano Metals Inc . (TSXV: APN) (WK...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Reports on Establishing New 344 m Mining Level at FarellonEdmonton, Alberta--(Newsfile Corp. - December 14, 2022) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to report the intersection of the 344 m mining level as part of the ongoing underground development of the Hugo Decline at the Farellon copper gold mine located near La Serena, Chile. Cross cuts on the 344 m mining 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 352 m and 360 m levels. Further development of the Hugo Decline to the 336 m level is expected to begin in the next four weeks with a time frame of approximately eight weeks to reach the new targeted intersection. In addition, the Company is planning an underground drill program in the new year to intersect drill targets below the current workings. This program will be designed to increase the geological confidence by extending the drilling intercepts in the Farellon vein system at depth and along strike.CEO Alastair McIntyre comments: \"We are pleased to see the operational advances continue underground at Farellon with the intersection of this new production level. The 344 m level provides additional production capacity and continues with our focus on sustainability and grade control at Farellon.\"Figure 1. Farellon Mine Section To view an enhanced version of Figure 1, please visit:https://images.newsfilecorp.com/files/4303/147959_b7866cc6c4e35880_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 HeadingTo view an enhanced version of Figure 2, please visit:https://images.newsfilecorp.com/files/4303/147959_b7866cc6c4e35880_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/co...