APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON, Nov. 13, 2017 /CNW/ - Altiplano Minerals Ltd.
(TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the
"Company") announces that the Comet Joint Venture
("CJV") has approved plans to expedite advanced exploration
at the historic Farellon Copper Gold ("Cu-Au") Mine.
At Farellon, the CJV has commenced development of crosscuts
towards the Cu-Au vein system. The CJV has engaged a Canadian and a
Chilean Mining Engineering Firm and a Chilean Mining Contractor to
consider possible future mining methods. The CJV is commencing bulk
sampling to further evaluate the potential for high-grade Cu-Au
mineralization and collect rock quality data. In preparation, the
CJV has commenced sourcing of underground mining equipment and
additional personnel.
CEO John Williamson stated, 'We
are excited by recently reported results as the grades and widths
are consistent with, or exceed, expectations derived from the
historical data. With the addition of key consultants and continual
refinement of management processes and methods, we are rapidly
evaluating the potential at Farellon. Our vision for our Chilean
projects is that we will continue to validate additional
potential.'
As part of its ongoing program, the CJV 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.
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
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