Maria Luisa Drilling
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  • Altiplano (APN) commences drill program at Maria Luisa
  • The NE-SW trending Maria Luisa decline has advanced a total of 115 metres
  • The south orientation crosscut has intersected the first of the two vein systems
  • The intersection of the second vein system is expected in a few metres
  • Additional drill stations are planned and will be drilled to identify the mineralogy, orientation, and structure of the vein systems
  • Altiplano Metals Inc. (APN) is in the grey, trading at C$0.30 at 10:30 am EST

Altiplano Metals (APN) has commenced a surface and underground delineation and exploration diamond drill program at its Maria Luisa project.

The project is located 100 km north of La Serena within the Atacama Region in Incahuasi, Chile.

Some highlights include how the south orientation crosscut has intersected the first of the two vein systems. The intersection of the second vein system is expected in a few metres.

Results from the first 38 tonnes of a 70-tonne bulk sample from a secondary vein system within the decline returned a grade of 1.54 per cent Cu. An additional 177 tonnes of material have been shipped for processing and analysis.

A surface and underground diamond drill program has commenced to delineate the Au-Cu vein systems at depth and guide future development.

Drilling has begun at Station A (and underground at Station B to follow), where a series of short holes will be drilled to support the current decline operations.

Additional drill stations (C-E) are planned where a series of short holes will be drilled to identify the mineralogy, orientation, and structure of the vein systems, which have been poorly understood and not mined historically but appear to have significant potential upside.

Station E is located near historical workings in the north where underground channel samples returned results of 8.73 grams/tonne Au over 5.75 m of true width.

This area has been identified as an additional future decline target.

President and CEO Alastair McIntyre commented on the program.

“The intersection of new vein systems with the presence of high-grade gold and copper are very encouraging. The new drill plan at Maria Luisa is designed to provide important geological information and mining control.

Altiplano has generated over US$7.98 million from the recovery and sale of 3.86 million pounds of copper with an average grade of 1.74 per cent Cu.

Cash flow has been re-invested into equipment, underground drilling, expanding underground development at Farellon, enhancing ventilation to increase productivity and capacity, new underground development and exploration at Maria Luisa, and the commencement of the permitted El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.

Altiplano Metals is a growing gold, silver, and copper company focused on the Americas.

It has a diversified portfolio of assets that include an operating copper/gold/iron mine, development near term producing gold/copper projects, and exploration land packages with district-scale potential.

Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio.

Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value.

Altiplano Metals Inc. (APN) is in the grey, trading at C$0.30 at 10:30 am EST.

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