- Chilean mining authorities have granted Altiplano Metals (APN) an Exploitation Permit for its Maria Luisa historical Gold-Copper mine
- The Edmonton-based company can now begin underground exploration and development work
- Altiplano plans to establish an underground decline system designed to reach gold-copper mineralized veins through multiple access points
- The company plans to initially extract up to 3,000 tonnes of mineralized gold-copper material in Phase I with future opportunity to expand to 5,000 tonnes
- Altiplano Metals is down 3.45 per cent, trading at $0.28 at 11:56 am ET
Chilean mining authorities have granted Altiplano Metals (APN) an Exploitation Permit for its Maria Luisa historical Gold-Copper mine.
The Maria Luisa project is located within the Atacama Region 100 km north of La Serena in Incahuasi, Chile.
The Edmonton-based company can now begin underground exploration and development work.
Altiplano plans to establish an underground decline system designed to reach gold-copper mineralized veins through multiple access points on multiple levels
“I am pleased the approval process for the Maria Luisa gold – copper project has been completed and we can now focus on the development phase. Historical work at Maria Luisa has yielded very good results including areas of past production where approximately 6.89 grams per tonne gold and 1.89% copper were recovered. In addition, the relatively under-explored area to the NW, where a separate NS vein structure occurs has yielded underground chip samples of 8.73 grams per tonne gold over 5.74 metres, provides us with an exciting new area to explore and develop,” said CEO Alastair McIntyre.
The design process involves accessing the northwest-southeast trending mineralized gold-copper veins through crosscuts on four separate levels designed to create up to eight mining faces.
The company plans to initially extract up to 3,000 tonnes of mineralized gold-copper material in Phase I with future opportunity to expand to 5,000 tonnes. The development work will also be guided by a surface and underground drill program to assist with future grade control.
Altiplano Metals is down 3.45 per cent, trading at $0.28 at 11:56 am ET.
