Business
Altiplano Samples 8.73 g/t Gold Over 5.75 Metres Underground From Second Vein System On Maria Luisa and Proposes Location of a New Decline System
Edmonton, Alberta--(Newsfile Corp. - May 26, 2021) - Altiplano Metals Inc . (TSXV: APN) (WK...
About this update from Altiplano Metals Inc.
[{"type":"text","content":"Altiplano Samples 8.73 g/t Gold Over 5.75 Metres Underground From Second Vein System On Maria Luisa and Proposes Location of a New Decline SystemEdmonton, Alberta--(Newsfile Corp. - May 26, 2021) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) (\"Altiplano\" or the \"Company\") is pleased to present recent exploration results and a proposed location for a new decline that will target the existing workings and also access a second mineralized system at the Maria Luisa gold-copper mine. The Maria Luisa project is located within the Atacama Region 100 km north of La Serena in Incahuasi, Chile.The Maria Luisa project hosts gold-copper mineralization in two major NW-SE and N-S trending vein systems. Historical mining has largely been from the main NW-trending system, the Maria Luisa vein, (Figure 1) which is an anastomosing set of structures traceable for approximately 500 metres along-strike. Limited underground workings exist on the N-S vein system and there are no known production records or grades available in this area. However, recent surface and underground grab and chip sampling results along the N-S vein system indicate that this system may be of similar caliber to the Maria Luisa Vein. An underground chip sample from the N-S vein system returned 8.73 g/t gold over 5.75 metres, confirming continuity from surface where recent grab samples have returned up to 4.96 g/t gold and 3.51 % copper*. Anomalous gold-copper surface rock grab sampling of the N-S vein system defines a strike extent of over 450 metres that remains open.An extensive road network on the project and favourable topography are proving very valuable as the Company designs the future underground development. A proposed portal entrance and southwest oriented decline (Figure 1) will allow for the development of both vein systems in tandem and provide excellent exploration and discovery opportunities as the decline is advanced between the two vein systems.CEO Alastair McIntyre commented \"Maria Luisa is a high-grade gold copper project that has yielded excellent grades from previous drill sampling and historical underground workings. In addition, the results of our recent underground sampling along a previously underexplored zone to the NE of the project are also very encouraging. These results provide the Company an excellent opportunity to further explore and de...