Altiplano Begins Copper-Gold-Iron Bulk Sampling at Santa Beatriz
Altiplano Metals has initiated underground bulk sampling at the Santa Beatriz historical iron-oxide-copper-gold mine in Chile, located 45 kilometers south of La Serena and 13 kilometers south of the El Peñón processing plant. The company has extracted approximately 300 tonnes in the first week of January, focusing on the western section of the mine.
The sampling area previously yielded notable results of 2.45m with 3.65% Cu, 0.29 g/t Au, and 26.97% Fe, including a 1.08m sample with 8.08% Cu, 0.63g/t Au, and 39.49% Fe. The company plans to increase extraction from 500 tonnes per month to 1,000 tonnes per month while assessing production potential. The first shipment is expected by January end.
Altiplano has historically generated over C$22.5 million from recovering and selling more than 6.95 million pounds of copper between January 2018 and September 2024.
Altiplano Metals ha avviato il campionamento sotterraneo in grandi volumi presso la miniera storica di ferro-ossido-rame-oro Santa Beatriz in Cile, situata a 45 chilometri a sud di La Serena e a 13 chilometri a sud dell'impianto di lavorazione di El Peñón. L'azienda ha estratto circa 300 tonnellate nella prima settimana di gennaio, concentrandosi sulla sezione occidentale della miniera.
La zona di campionamento ha precedentemente fornito risultati significativi di 2,45 m con 3,65% Cu, 0,29 g/t Au e 26,97% Fe, inclusa un'estrazione di 1,08 m con 8,08% Cu, 0,63 g/t Au e 39,49% Fe. L'azienda prevede di aumentare l'estrazione da 500 tonnellate al mese a 1.000 tonnellate al mese mentre valuta il potenziale produttivo. La prima spedizione è prevista per la fine di gennaio.
Altiplano ha storicamente generato oltre C$22,5 milioni recuperando e vendendo più di 6,95 milioni di libbre di rame tra gennaio 2018 e settembre 2024.
Altiplano Metals ha iniciado muestreo subterráneo a granel en la mina histórica de hierro-óxido-cobre-oro Santa Beatriz en Chile, ubicada a 45 kilómetros al sur de La Serena y a 13 kilómetros al sur de la planta de procesamiento de El Peñón. La compañía ha extraído aproximadamente 300 toneladas en la primera semana de enero, enfocándose en la sección occidental de la mina.
El área de muestreo anteriormente había producido resultados notables de 2,45 m con 3,65% Cu, 0,29 g/t Au y 26,97% Fe, incluido un muestreo de 1,08 m con 8,08% Cu, 0,63 g/t Au y 39,49% Fe. La empresa planea aumentar la extracción de 500 toneladas por mes a 1,000 toneladas por mes mientras evalúa el potencial de producción. Se espera que el primer envío sea a finales de enero.
Históricamente, Altiplano ha generado más de C$22,5 millones mediante la recuperación y venta de más de 6,95 millones de libras de cobre entre enero de 2018 y septiembre de 2024.
알티플라노 메탈즈는 칠레 산타 베아트리즈 역사적인 철-산화물-구리-금 광산에서 지하 대량 샘플링을 시작했습니다. 이 광산은 라 세레나에서 남쪽으로 45킬로미터, 엘 페뇨니 처리 공장에서 남쪽으로 13킬로미터 떨어진 곳에 위치해 있습니다. 회사는 1월 첫 주에 약 300톤을 추출했으며, 광산의 서쪽 섹션에 집중하고 있습니다.
샘플링 구역에서는 이전에 2.45m에서 3.65% Cu, 0.29 g/t Au, 및 26.97% Fe의 주목할 만한 결과가 나왔으며, 1.08m 샘플에서 8.08% Cu, 0.63 g/t Au, 및 39.49% Fe의 결과가 포함되었습니다. 이 회사는 매달 500톤의 추출량을 1,000톤으로 늘리면서 생산 잠재력을 평가할 계획입니다. 첫 번째 선적은 1월 말에 예상됩니다.
알티플라노는 2018년 1월부터 2024년 9월까지 6.95백만 파운드 이상의 구리를 회수하고 판매하여 C$22.5백만 이상의 수익을 생성했습니다.
Altiplano Metals a lancé un échantillonnage en vrac souterrain à la mine historique de fer-oxyde-cuivre-or Santa Beatriz au Chili, située à 45 kilomètres au sud de La Serena et à 13 kilomètres au sud de l'usine de traitement d'El Peñón. L'entreprise a extrait environ 300 tonnes lors de la première semaine de janvier, en se concentrant sur la section occidentale de la mine.
La zone d'échantillonnage a précédemment donné des résultats remarquables de 2,45 m avec 3,65% Cu, 0,29 g/t Au et 26,97% Fe, y compris un échantillon de 1,08 m avec 8,08% Cu, 0,63 g/t Au et 39,49% Fe. L'entreprise prévoit d'augmenter l'extraction de 500 tonnes par mois à 1 000 tonnes par mois tout en évaluant le potentiel de production. La première expédition est attendue d'ici la fin janvier.
Historiquement, Altiplano a généré plus de C$22,5 millions en récupérant et en vendant plus de 6,95 millions de livres de cuivre entre janvier 2018 et septembre 2024.
Altiplano Metals hat mit der unterirdischen Großmusterentnahme in der historischen Eisenoxid-Kupfer-Goldmine Santa Beatriz in Chile begonnen, die 45 Kilometer südlich von La Serena und 13 Kilometer südlich der Verarbeitungsanlage El Peñón liegt. Das Unternehmen hat in der ersten Januarwoche etwa 300 Tonnen extrahiert, wobei der Fokus auf dem westlichen Abschnitt der Mine lag.
Der Probenahmebereich hat zuvor bemerkenswerte Ergebnisse von 2,45 m mit 3,65% Cu, 0,29 g/t Au und 26,97% Fe geliefert, einschließlich einer Probe von 1,08 m mit 8,08% Cu, 0,63 g/t Au und 39,49% Fe. Das Unternehmen plant, die Extraktion von 500 Tonnen pro Monat auf 1.000 Tonnen pro Monat zu erhöhen, während es das Produktionspotential bewertet. Die erste Lieferung wird bis Ende Januar erwartet.
Altiplano hat historisch über C$22,5 Millionen aus der Rückgewinnung und dem Verkauf von mehr als 6,95 Millionen Pfund Kupfer zwischen Januar 2018 und September 2024 generiert.
- Initial bulk sampling yielded high-grade results: 8.08% Cu, 0.63g/t Au, and 39.49% Fe in best samples
- Planned extraction scale-up from 500 to 1,000 tonnes per month
- Strategic location near El Peñón processing facility (13km)
- Historical revenue generation of C$22.5M from copper sales
- Project lacks feasibility study demonstrating economic and technical viability
- Increased uncertainty and technical risks associated with production decision
Edmonton, Alberta--(Newsfile Corp. - January 15, 2025) - Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to announce underground bulk sampling at the Santa Beatriz historical iron-oxide-coper-gold mine (IOCG). Santa Beatriz is located approximately 45 kilometers south of La Serena, Chile, and 13 kilometers south of the El Peñón processing plant.
President and CEO Alastair McIntyre comments:
"We are pleased to begin the bulk sample extraction of mineralized copper-gold and iron material from Santa Beatriz. The mineralogy of the vein structure and its proximal location to the El Peñón facility is ideal to support processing capacity at the plant. Our next steps involve more detailed studies to support further underground development."
Key Highlights:
- Bulk sampling has begun and will focus on the western section of the historical Cu-Au-Fe underground mine (see Figure 1).
- Approximately 300 tonnes have been mined in the first week of January
- The underground mining team is focused on removing mineralized material in the vein structure from above the exposed previously mined zones.
- This area yielded 2.45 m with 3.65 % Cu; 0.29 g/t Au; and 26.97 % Fe which includes a 1.08 m sample that yielded
8.08% Cu, 0.63g/t Au, and39.49% Fe as reported in the May 27, 2024 news release.
- This area yielded 2.45 m with 3.65 % Cu; 0.29 g/t Au; and 26.97 % Fe which includes a 1.08 m sample that yielded
- Extraction tonnage is planned at 500 tonnes per month increasing to 1,000 tonnes per month while the assessment of the production potential and mine expansion is being completed.
- The first shipment from Santa Beatriz is expected at the end of January
- Further mine development to access the vein structure at lower levels will be supported by a diamond drill program, currently under development.
Figure 1: Plan View of the Santa Beatriz Property.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4303/237172_d2cad690f4ba0a1f_001full.jpg
The decision to develop the Santa Beatriz deposit, including bulk sampling, is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty of economic and technical risks of failure associated with any potential production decision.
Figure 2: Inspection of Extraction Area at Santa Beatriz.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4303/237172_d2cad690f4ba0a1f_002full.jpg
Altiplano has generated over C
About Altiplano
Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include a developing copper/gold/iron mine and a state-of-the-art operating copper/gold and iron processing facility. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration and development, and pursuing acquisition opportunities to provide scalable upside opportunities. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value.
John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document.
Altiplano is part of the Metals Group of Companies, led by a dynamic group of resource sector professionals with a long record of success in evaluating and advancing mining projects from exploration through to production, attracting capital, and overcoming adversity to deliver exceptional shareholder value.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
Chairman
For further information, please contact:
Alastair McIntyre, CEO
alastairm@apnmetals.com
Tel: (416) 434 3799
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. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating any historical information or estimates as current mineral resources or mineral reserves. The Santa Beatriz mine was previously in production mid 2010's with minimal production records. This material was processed and sold locally to a private processing facility. Altiplano is relying upon limited past production records, underground sampling and related activities to further explore and potentially develop Santa Beatriz. The decision to develop the project and extract material for potential processing is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with any future potential production decision. 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.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237172
FAQ
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