- Altiplano Metals (APN) has entered into a new arm’s-length option agreement on the Maria Luisa project
- Altiplano may acquire a 100% interest in the Property by paying a total of US$2,000,000 over three years
- The Maria Luisa gold-copper project is located approximately 100 km north of La Serena, within the Atacama Region of Chile
- Altiplano Metals Inc. (APN) is a Canadian mining company
- Altiplano Metals opened trading at C$0.37 per share
Altiplano Metals (APN) has entered into a new arm’s-length option agreement on the Maria Luisa Project.
Under the terms of the Agreement, Altiplano may acquire a 100% interest in the property by paying a total of US$2,000,000 over three years, as follows:
- US$200,000, paid in 12 equal monthly payments in the first year
- US$800,000, paid on the first-year anniversary of closing the Agreement
- US$500,000, paid on the second-year anniversary of closing the Agreement
- US$500,000, paid on the third-year anniversary of closing the Agreement
CEO Alastair McIntyre commented,
“We are pleased to have concluded a new agreement for Maria Luísa. These new terms provide the opportunity for Altiplano to acquire 100% of the project and retain 100% of the anticipated profits. Maria Luísa offers a great opportunity to build on our revenue generation model from the development of a high-grade gold/copper historical producer. Our next step is to finalize our design review for the underground development and submit our application for permitting.”
The Maria Luisa gold-copper project is located approximately 100 km north of La Serena at Incahuasi, within the Atacama Region of Chile.
Gold-copper vein-type deposits are part of a well-outlined continuum of mineralization related to extensional fault-bounded environments. This setting is ideal for the discovery of high-grade gold-copper veins, with many examples occurring throughout northern Chile.
Altiplano Metals Inc. (APN) is a Canadian mining company focused on the acquisition and development of near-term cash-flowing assets and exploration projects of significant scale.
Altiplano Metals opened trading at C$0.37 per share.
