APN: TSX-V
9AJ1: FWB
ALTPF: OTCQB
EDMONTON, Jan. 26, 2018 /CNW/ - Altiplano Minerals Ltd.
(TSXV: APN) ("APN" or the "Company") announces that,
further to its press release dated December
1, 2016, regarding the option dated November 30, 2016, as amended (the
"Option") with Velocity USA, Ltd. ("Velocity") to purchase the
Orogrande Property, Idaho, APN has
exercised the Option and acquired the mining claims comprising the
property, subject to a 1.5% net smelter returns royalty, by the
issuance of 2.5 million common shares of APN. In addition,
Velocity has released the Company from any further obligation to
carry out exploration work on the property.
The Orogrande Gold-Silver property is comprised of 198 lode
claims covering approximately 4,000 acres in central Idaho and is located approximately 3 km south
of the Friday-Petsite Gold Deposit. Previous work at the
Friday-Petsite Gold Project has identified an indicated mineral
resource of 647,000 troy ounces of gold and an inferred mineral
resource of 590,000 troy ounces of gold (Simpson, 2013). Previous work by Velocity on
the Orogrande Property has outlined significant gold in soil
anomalies coincident with magnetic anomalies over several
kilometers and on strike with the Friday-Petsite Gold Deposit.
CEO John Williamson stated, "We
are pleased to have renegotiated terms with Velocity to acquire the
Orogrande Project as it provided us with the increased flexibility
to advance it at a pace that dovetails more closely with our
Chilean projects."
Osbaldo Zamora Vega, P.Geol,
vice-president of exploration for Altiplano, is the qualified
person as defined in National Instrument 43-101, and has reviewed
and approved the technical contents of this press release.
About Altiplano
Altiplano Minerals Ltd. (APN: TSX‐V) is a
mineral exploration company focused on evaluating and acquiring
projects with significant potential for advancement from discovery
through to production, in Canada
and abroad. Management has a substantial record of success in
capitalizing opportunity, overcoming challenges and building
shareholder value. Additional information concerning
Altiplano can be found on its website at
www.altiplanominerals.com.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the (TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration
drilling, exploitation activities and events or developments that
the Company expects are forward-looking statements. Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes,
continuity of mineralization, uncertainties related to the ability
to obtain necessary permits, licenses and title and delays due to
third party opposition, changes in government policies regarding
mining and natural resource exploration and exploitation, and
continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance
and actual results or developments may differ materially from those
projected in the forward-looking statements. For more information
on the Company, investors should review the Company's continuous
disclosure filings that are available at
www.sedar.com.
SOURCE Altiplano Minerals