APN: TSXV
The ALTPF: OTCQB
9AJ1: FWB
EDMONTON, March 26, 2018 /CNW/ - Altiplano Minerals Ltd.
(TSX-V:APN) (OTCQB:ALTPF) (FWB:9AJ1) ("APN" or the
"Company") is pleased to report results of the 395M Level underground sampling obtained between
January and March at the historic Farellon Copper-Gold Mine, La
Serena Chile.
During late January to early March, a total of 77 samples in 22
sampling lines distributed every ~3m along 97 m of horizontal drift vein development have
been analyzed. Each line represents a sampling channel (~5cm
wide and ~2cm depth) across the vein and includes typically three
continuous samples separating magnetite- and chalcopyrite-rich
bands. Figure 1 and Table 1 show the channel sampling line
locations and results of selected interval composites obtained
during this period.
Selected but continuous intervals from this recent sampling with
an average width of 1.73 m contain
grade averages of 4.03% Cu, 39.94% Fe, and 0.16 ppm Au including
high-grade intervals of up to 11.33% Cu, 28.89% Fe and 0.29 ppm Au
over 2.55 m. The average width
of selected intervals from a total of 117 samples collected along
the 137 m of exposed vein in the
395M level is 1.70 m with grades of 3.60% Cu, 41.87% Fe, and
0.16 ppm Au (see website for full results). The Company will
continue developing, mapping, and sampling the 395M Level along the entire Farellon property
(Figure 1 inset), as well as the recently opened 401 and
414M Levels to continue exploring the
vein and estimate reserves.
To date, the Company has removed 3,680 tonnes of Cu-Fe-Au vein
material from the 395M level covering
a horizontal distance of 137m.
The Company has shipped 2,320 tonnes for processing and an
additional 1,360 tonnes stockpiled for shipment shortly.
During late March, the Company has opened the 414.5M level above the 395M level for extraction of Cu-Fe-Au vein
material.
Table 1: Selected Grade-Width Results from 395M Level Drift (January – March 2018)
CHANNEL
|
True
Width (m)
|
Cu
%
|
Fe
%
|
Au
(ppm)
|
NE_L005
|
2.20
|
7.30
|
46.07
|
0.18
|
NE_L005A
|
2.58
|
1.47
|
39.80
|
0.06
|
NE_L006
|
1.40
|
1.96
|
42.08
|
0.13
|
NE_L007
|
2.40
|
5.40
|
28.98
|
0.18
|
NE_L008
|
1.77
|
3.15
|
40.87
|
0.20
|
NE_L009
|
1.55
|
4.98
|
39.46
|
0.26
|
NE_L010
|
1.65
|
1.55
|
22.46
|
0.05
|
NE_L011
|
1.50
|
6.22
|
40.74
|
0.37
|
NE_L012
|
1.30
|
5.26
|
38.78
|
0.16
|
NE_L013
|
2.55
|
11.33
|
28.89
|
0.29
|
NE_L014
|
1.50
|
2.25
|
38.86
|
0.12
|
NE_L015
|
1.54
|
1.97
|
42.66
|
0.16
|
NE_L016
|
1.20
|
1.71
|
39.21
|
0.13
|
SW_L010
|
0.70
|
1.09
|
32.58
|
0.05
|
SW_L011
|
1.65
|
5.00
|
48.40
|
0.38
|
SW_L012
|
1.90
|
3.05
|
47.84
|
0.10
|
SW_L013
|
1.81
|
1.09
|
46.05
|
0.03
|
SW_L014
|
2.03
|
2.05
|
46.44
|
0.06
|
SW_L015
|
1.60
|
4.10
|
50.48
|
0.16
|
The underground channel samples were analyzed at the analytical
laboratory Actlabs in Coquimbo, Chile. Approximately 1 in 10
QC samples (standards, blanks, and duplicates) were inserted into
the sample sequence, additionally to the Actlabs internal QA/QC for
analytical procedures. The results show an acceptable level
of analytical precision and accuracy.
CEO John Williamson stated, "We
are pleased with the recent results showing high-grade Copper
intervals and are excited to continue exploring the Farellon
Project within the newly opened levels."
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, PhD,
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