Receives Approval To Complete Construction At El Peñón Cu-Au Processing Facility
Altiplano Metals Inc. (TSXV: APN) has received permitting approval from the Chilean mining authorities to complete the construction of the 5,000 tonne/month processing facility at the El Peñón mill site to support the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile.
CEO Alastair McIntyre said that with this approval, the company can immediately begin the final construction and assembly of the plant. The plant will host crushing and grinding equipment and a full flotation plant with sufficient capacity to process up to 5,000 tonnes/month of copper-gold feed from the company’s Farellon mine.
This equipment is currently on site in anticipation of the commencement of the construction phase. In addition, the necessary civil engineering work in advance of the next phase have all been completed.
This work includes pouring of cement foundations and flooring for the plant and concrete supports for the mill and crushers, installation of electrical lines, preparation for waterlines and the construction of a security perimeter fence.
“I am pleased that the approval process for the mill construction and the copper-gold flotation process has been completed and we can now turn our focus on getting the mill up and running,” Mr McIntyre said.
“This is an important next step for the Company as the mill will provide significant savings in terms of processing and trucking costs and improve the recovery of contained metals which will ultimately improve our bottom line.
“Our goal is to produce the first concentrate at El Peñón in 2021 and I will be pleased to provide regular updates on this progress.”
Altiplano Metals Inc. (APN: TSX‐V) is a Canadian mining company focused on the acquisition and development of near-term cash flowing assets and exploration projects of significant scale. Altiplano’s goal is to grow into a mid-tier producer of copper, gold, and silver with immediate plans of generating profits from three cash flowing projects in 2021.
For further information please visit: http://www.apnmetals.com/