- Altiplano Metals (APN) is continuing to advance work at the ongoing underground development at its Farellon Mine
- The copper-gold project is located near La Serana, Chile
- Work is pushing ahead on the Hugo Decline, with the underground advance to the next operating position located at the 360-metre -level
- The extension of the decline is part of the ongoing development to support additional operating levels at depth
- Ti date, 28 metres have been completed, with the intersection of the 360 m level expected in late August
- Altiplano Metals is unchanged, trading at $0.27 at 2:26 pm ET
Altiplano Metals (APN) is continuing to advance work at the ongoing underground development at its Farellon Mine.
The copper-gold project is located near La Serana, Chile.
The Edmonton-based exploration company is pushing ahead with work on the Hugo Decline, with the underground advance to the next operating position located at the 360-metre -level.
The extension of the decline is part of the ongoing development to support additional operating levels at depth.
To date, 28 metres have been completed, with the intersection of the 360-metre-level expected in late August. The advance also involves the construction of two mucking bays used to store waste from the advance of the decline.
On completion of the 360-metre advance, both mucking bays will be used as emergency stations as the Hugo Decline continues expansion to additional lower levels.
“Advancing the Hugo Decline to the 360 m is the next step in the underground development of the Farellon Mine. The 360 m level provides opportunity to access new working faces and positions us for accessing additional levels at depth, which will be supported by our recently announced underground drilling program,” said Altiplano CEO Alastair McIntyre.
Altiplano Metals is focused on the acquisition and development of near-term cash-flowing assets and exploration projects of significant scale.
Altiplano Metals Inc. (APN) is unchanged, trading at $0.27 at 2:26 pm ET.