APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON, March 2, 2018 /CNW/ - Altiplano Minerals Ltd.
(TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the
"Company") is pleased to update advancements in our
exploration below the historic Farellon and Maria Luisa Cu-Au
mines, La Serena, Chile.
The Company recently completed a revised processing agreement
("Padron") which includes the payments for gold and copper.
Commencing February 26, 2018, APN
resumed shipments of the remaining 1,054 tonnes of the initial
2,000 tonne bulk sample. During the period of February 16 to February 28, 2018, the Company
also commenced removal of a 5,000 tonne bulk sample, of which over
600 tonnes of Cu-Au vein material was stockpiled for processing.
Shipment of this material will be initiated following the
completion of the initial 2,000 tonne bulk sample.
At the Farellon Project, the Company anticipates opening of
crosscuts from the decline at the 408, 414, 421 and 427.5M levels, above the current 395M sublevel, to intersect the vein for mapping
and channel sampling. Horizontal exploration drifts will be
developed at the levels 408 and 421M
for systematic sampling and mapping in preparation for a resource
estimate. Information obtained from detailed surveying,
drilling and 395M level drift
sampling and mapping has been sent to APEX Geoscience Ltd. to
determine a possible initial resource for the Farellon Project.
APN expects to receive an updated 43-101 Technical Report
within the next six to eight weeks.
The Company also commenced a detailed 5.4 km ground magnetic
geophysical survey over the Farellon, Laura, and Rosario Cu-Au vein
systems during February. The detailed geophysical surveys, in
conjunction with detailed surface and underground mapping, will aid
in the evaluation of the known high-grade copper veins with
potential for discovery of additional veins.
At the Maria Luisa Project, APN has commenced expansion of the
underground workings for improved access and underground drill
locations. The Company anticipates completing further
detailed underground drilling to define the geometry of the
multi-phase Au-Cu system in the coming months.
CEO John Williamson stated, "We
are pleased with the progress of our bulk sampling over the last
few months and are excited that significant improvements in
operations and site management will be reflected in our overall
progress during March."
As part of its ongoing program, Altiplano is carrying out the
recommendations contained in the APEX Report of February 10,
2017 filed on SEDAR for the exploration development of the Farellon
project and is also relying upon past production records,
underground sampling and related activities and current diamond
drilling to estimate grade and widths of the mineralization. There
are no mineral resources or reserves on the property and the
current mineral exploration activities are intended to be part of a
program to determine if mineral resources can be identified. No
production decision has been made at this time. Should a production
decision be made without completing a feasibility study
demonstrating economic and technical viability, there would be
increased uncertainty as well as economic and technical risks of
failure associated with such a production decision.
Osbaldo Zamora Vega, P.Geol.,
Vice President of Exploration for Altiplano, is the Qualified
Person as defined in National Instrument 43-101 who 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