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Altiplano Minerals Ltd.
Summary
| Project: | Farellon | |
|---|---|---|
| Deposit: | Farellon | |
| Location: | Chile | |
| Commodities: | Gold-Copper | |
| Date: | 6/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-6-2017: Altiplano Minerals Ltd. announces an Exploration/Drilling Update report for its Farellon deposit at the Farellon project. Drilling results incl. 1.8m @ 1.21% Cu. June 13, 2017 - Altiplano Minerals Ltd. (TSX-V: APN) (OTCQB:ALTPF) (FWB: 9AJ1) (“A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Not stated (Not stated) | |
| ABSTRACT: | June 13, 2017 - Altiplano Minerals Ltd. (TSX-V: APN) (OTCQB:ALTPF) (FWB: 9AJ1) (“APN” or the “Company”) is pleased to announce a project update including initial Copper results from the chip sampling and drilling at the Farellon Cu-Au vein system, near La Serena Chile. To date, the Farellon decline has advanced over 240m to a depth that is 25m beneath the Alejandro adit where Cu-Au ore was mined to a depth of 70m in the past (Figure 1). Historical production from the Farellon Vein system was reported to be approximately 300,000 tonnes at an average grade of 2.5% Copper and 0.50 g/t Au. The initial results are positive, being well within the range of expectation and correlating well with historical and Comet Joint Venture (CJV) results from above in the Alejandro adit. Based on the current sampling and drilling within the Farellon decline and the Alejandro adit above, the vein system has a consistent width between 95m and 210m, of about 1.6-1.8m and a consistent grade of between 1.17 % Cu and 1.21 % Cu. This zone has a consistent higher-grade portion of 0.5-0.6m of over 3.2 % Cu. The CJV expects to be drilling beneath the higher-grade portion in the next few weeks (Figure 2). To date, sample results have been received for 3 points along the 240m Farellon decline. A chip sample result at the 95m intersection of the decline and the vein system, drill hole 001, at 120 m, and drill hole 002 at 210m. Results are shown in Table 1 below. Gold grades are not yet available but are currently in the lab for assay. | |
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