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Altiplano Minerals Ltd.
Summary
| Project: | Farellon | |
|---|---|---|
| Deposit: | Farellon | |
| Location: | Chile | |
| Commodities: | Copper-Gold | |
| Date: | 4/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-4-2018: Altiplano Minerals Ltd. announces a Resource Estimation report for its Farellon deposit at the Farellon project. Initial mineral resource estimate at Farellon. EDMONTON, April 10, 2018 /CNW/ - Altiplano Minerals Ltd. (APN:TSXV) (ALTPF:OTCQB) (9 | |
| Resources: | (Resource, Inf.): 278.36Kt @ 1.92% Cu, 0.12ppm Au | |
| CP/QP: | [Resources]: Not stated (Apex Geoscience Ltd.) | |
| ABSTRACT: | EDMONTON, April 10, 2018 /CNW/ - Altiplano Minerals Ltd. (APN:TSXV) (ALTPF:OTCQB) (9AJ1:FWB) ("APN"or the"Company") is pleased to reporta Maiden Inferred MineralResource Estimatecentered on the newly constructed 395MLevelat the FarellonCopper-Gold (Cu-Au) project, near La Serena, Chile. APEXGeoscience Ltd. ("APEX") ofEdmonton, Alberta hasestimated an inferred mineralresourceat Farellon of 278,360 tonnesatan average grade of 1.92%Cu and 0.12 parts per million (ppm) Au atalowercutoff of 1.0%Cu and utilizing a minimumhorizontalwidth of 1.2 m. Theactualaverage higher-grade veinwidth fromallsampling is 1.84 m. APN willfileatechnicalreport supporting this mineralresourceestimate within 45 days. CEO JohnWilliamson stated, "Theresults oftheindependent inferred mineralresourceestimatearein line with our initialestimatefor the Farellon Mineralized Cu-Fe-Au vein system. Further work and data points willlikely enhancetheresults ofthis maiden resourceas the Company has identified higher grades over thelast year thanwe had originally expected. Our target is to deliver mineralized material greater than 2%Cu for toll milling." Bulk sampling at the 395Mlevel ofFarellon continues to support the Maiden Inferred MineralResource Estimate,as the Company has delivered an initial bulk sample of 2,000 tonnes for processing, with atotal of 1,352.85 wet (1,311.54 dry) tonnes having been processed as ofApril 4, 2018 atan average grade of 2.04 %Cu. Asecond bulk sample programof 5,000 tonnes is nowin progressas the Company refines procedures and assesses nextsteps. Figure 1 fromthe Company'sannouncement ofMarch 26, 2018 (filed on the Company and SEDARwebsites) shows locationsand selected grade-width results of underground channelsampling and diamond drilling on the 395MLevelthat werecompleted in 2017 and 2018. | |
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