EDMONTON, Sept. 28, 2018 /CNW/ - Altiplano Metals Inc.
(TSXV: APN) (OTCQB: ALTPF) (GER: 9AJ1) ("APN" or the
"Company") is pleased to report that proceeds to date from
the sale of mineralized vein material have surpassed $500,000, partially funding the continued
progress of its operations at the historic Farellon Copper-Gold
Mine ("Farellon") near La Serena, Chile, as the Company applies lessons and
pursues opportunities identified from bulk sampling of the
395M Level to test the continuation
of a high-grade zone to the 401M
Level.
CEO John Williamson stated,
"According to the information we have collected from the
395M Level, we expect to enter a
high-grade zone as we continue developing the 401M Level to the NE. The experience we have
gained with our previous bulk sampling indicates that the vein
width and grade distribution at Farellon may allow for selective
extraction of high-grade mineralized material. Within the next
stage of bulk sampling (October to December), we will test our
ability to minimize dilution by extracting selectively
higher-grades and whether the operating parameters are sustainable
within a low copper price environment. This will allow us to
re-assess the bulk sampling outcomes under current criteria and
conditions in order to further refine our operating strategy,
leading to a resource update in the New Year."
APN has developed a total of 160 m
along the Farellon vein at the 401M
Level. The best grade-width intervals of systematic continuous chip
channel sampling yield an average of 1.53 % Cu; 0.12 g/t Au; and
43.38 % Fe with an average width of 1.55
m. The minimum width is 0.82 m
with 3.13 % Cu; 0.10 g/t Au; and 47.76 % Fe and the maximum width
is 3.49 m with 2.81 % Cu; 0.14 g/t
Au; and 39.81 % Fe.
Information collected from the 395M level shows that the 401M is entering a higher-grade zone that extends
for ~55 m (Figure 1). The best grade-width average for this
zone yields 3.89 % Cu; 0.16 g/t Au; and 40.16 % Fe with an average
width of 1.65 m. The highest grade
across 1.55 m is 9.91 % Cu; 0.25 g/t
Au; and 29.62 % Fe. A second zone (42
m length) of wider vein shows a best grade-width average of
1.70 % Cu; 0.12 g/t Au; and 36.88 % Fe with an average width of
3.89 m. The width in this zone ranges
from 1.4 to 5.9 m. All widths are
reported as true width. Best grade-width intervals for continuous
chip channel sampling have been calculated excluding samples either
from the foot-wall or hanging-wall vein contacts, which consist of
apatite/actinolite with lower Cu grades (<0.5 % Cu). Selective
extraction of high-grade mineralized material with a minimum of
0.82 m is possible and allows for
grade control to adapt within the lower price
environment.
Osbaldo Zamora Vega, Ph.D,
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 Metals Inc. (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.apnmetals.com.
ON BEHALF OF THE BOARD
/s/ "John
Williamson"
President and CEO
This news release may contain certain "forward looking
statements". Forward-looking statements involve known and unknown
risks, uncertainties, assumptions and other factors that may cause
the actual results, performance or achievements of the Company to
be materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Any forward-looking statement speaks only as of the
date of this news release and, except as may be required by
applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether as a
result of new information, future events or results or otherwise.
Neither 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. For more information on the Company,
investors should review the Company's continuous disclosure filings
that are available at www.sedar.com.
SOURCE Altiplano Metals Inc.