- Altiplano Metals (APN) has completed a planned expansion at its Farellon Copper-Gold Mine
- The company finished its expansion of the Hugo Decline to the 360-metre level at the project, located in Chile
- The approximately 110-metre expansion down to the 360-metre level is designed to provide two new mining access points
- The next scheduled advance will be approximately 80 metres to reach the 352-metre level and is expected to begin in mid-November
- Altiplano Metals is up 7.94 per cent, trading at $0.34 at 9:43 am ET
Altiplano Metals (APN) has completed a planned expansion at its Farellon Copper-Gold Mine.
The Edmonton-based mining company finished its expansion of the Hugo Decline to the 360-metre level at the project, located near La Serena, Chile.
The approximately 110-metre expansion down to the 360-metre level is designed to provide two new mining access points along the Northeast and Southwest drifts where mining has begun.
The development work is part of the ongoing underground development and sustainability initiatives at the project.
The company is actively expanding the underground operations to increase efficiencies, improve grade and access new working mining headings. The work is being conducted in tandem with diamond drilling and ventilation efficiency improvements currently in process.
“I am pleased to see the consistency of our development at Farellon with the addition of another working level. This development work ensures that we have sufficient working levels to improve output and manage grade as we work towards maximizing output and increasing revenues once the construction of the permitted mill has been completed,” said Altiplano CEO Alastair McIntyre.
The company continues to focus on the acquisition and development of near-term cash-flowing assets and exploration projects of significant scale.
Altiplano Metals is up 7.94 per cent, trading at $0.34 at 9:43 am ET.