APN: TSX‐V
ALTPF: OTCQB
9AJ1: FWB
EDMONTON, Sept. 27, 2017
/CNW/ - Altiplano Minerals Ltd. (TSX-V: APN) (OTCQB:ALTPF) (FWB:
9AJ1) ("APN" or the "Company") is pleased to provide
an update on the Maria Luisa High-Sulphidation Gold-Copper Project,
Incahuasi, Chile. During
July-August the Comet Joint Venture (CJV) completed Phase II
fieldwork in preparation for drilling and development work. The
fieldwork comprised a Drone survey (High-resolution orthophotos and
Digital Elevation model (DEM)), surveying of the underground
workings, detailed surface and underground mapping, and additional
surface and underground sampling of the various Au-Cu vein systems.
All the data has been incorporated into a GIS and modelled using
Micromine software.
The Maria Luisa hosts Au-Cu mineralization in two major NW and
NS trending strike-slip structural systems. The Au-Cu vein
systems comprise 3 main veins named; Maria Luisa, Camino, and
Cuchard. The area also contains numerous Au-Cu veins associated
with cross structures between the main structures. The structural
system has been reactivated multiple times along its protracted
history. Historical mining has been largely from the Maria Luisa
vein system and the other vein systems remain unexplored.
The vein systems are anastomosing, traceable for 500m or more,
range in width from 1-5m, and include veins, and magmatic and
tectonic breccias. Mineralization was emplaced in two main stages:
Stage I (Au-rich) comprising specular hematite-quartz banded veins
with epithermal textures grading up to 25g Au/t across 1.6m with
0.9% Cu, and Stage II (Cu-rich) comprising magmatic hydrothermal
breccias of Stage I mineralization, and quartz-chalcopyrite with
minor bornite. Samples collected from Stage II are up to 3% Cu with
3.7 gAu/t.
Correlations between surface and underground mapping suggest
that high Au-Cu grades in the main Maria Luisa structure continue
down to level 841 and below (Figs. 1 and 2). The Phase II results
give a better understanding of the geology and mineralizing
structures. Sampling at surface and underground confirms the grade
and widths of the system and correlates with the grades and widths
in the historical resource estimates. The CJV is presently planning
additional work including further mapping and diamond drilling
either from underground or surface to probe this additional
potential.
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
Tel: (780) 437-6624
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