Mineralisation Continues At Depth In Chile
Altiplano Metals Inc. (TSXV: APN) has completed eight holes from Phase 1 of its ongoing 6,200 m underground exploration drilling programme at the Farellon copper-gold (Cu-Au) mine located near La Serena, Chile.
- Eight underground drill holes from Drill Pad 1 have been completed for a total of 1,857m.
- Continuity of the Farellon Vein System at depth has been confirmed with all holes intersecting the Farellon Vein System up to 28m below the current 360m development level (198m below surface).
- Drilling has confirmed the strike extent of the vein system over 230m where mineralised sections vary in (true) width from 2.5m to 5.0m and averaging 3.68m.
- Logging of the drill core has confirmed the presence of copper sulphide and magnetite mineralisation typical of the upper parts of the working developments.
CEO, Alastair McIntyre, said the drill has been moved to the second location at Drill Pad 2 (on surface) to begin the next planned series of holes.
“We are pleased with the initial results from the first eight holes in the ongoing drill programme,” Mr McIntyre said.
“Visual inspection of the core has confirmed copper sulphide and magnetite mineralisation in the Farellon vein at depth and we look forward to the completion of the program and releasing assay results in the coming weeks.”
The intent of the 6,200m drilling programme is to further delineate the iron oxide copper gold vein system at depth and to outline additional tonnage available to support the planned 5,000 tonnes/month extraction rate at Farellon. In addition, the drilling is expected to aid in grade control and optimise development.
Altiplano has generated over US$6,600,000 from the recovery and sale of approximately 3.375 million pounds of copper with an average grade of 1.77%.
Cash flow has been re-invested into equipment, underground drilling, expanding underground development, enhancing ventilation to increase productivity and capacity, and the commencement of the permitted El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.
For further information please visit: https://www.metalsgroup.com/