- Altiplano Metals (APN) has issued a corporate update on activities at it Maria Luisa Project
- The project is located 100 kilometres north of La Serena , in Chile’s Atacama region
- The company has completed 245 metres of the Maria Luisa decline and is now approximately 90 metres from the projected target depth
- Approximately 780 metres of planned underground and surface drilling has been completed across 10 drill holes so far
- The drill program is designed to confirm the presence of gold-copper vein material
- Altiplano Metals is up 2.22 percent, trading at $ 0.23 at 10:02 a.m. ET
Altiplano Metals (APN) has issued a corporate update on activities at it Maria Luisa Project.
The project is located 100 kilometres north of La Serena, in Chile’s Atacama region.
The Edmonton-based company has completed 245 metres of the Maria Luisa decline and is now approximately 90 metres from the projected target depth.
Approximately 780 metres of planned underground and surface drilling has been completed across 10 drill holes so far.
A total of 210 tonnes of bulk sample copper oxide material was mined and has alrady been shipped for sale from a secondary vein system.
The drill program is designed to confirm the presence of gold-copper vein material. Results will then help guide development and test for additional veins at depth where they have previously been observed or inferred.
Extensive surface bedrock and underground mapping is ongoing. Additional vein systems and previously unknown vein orientations have also been delineated.
“We are pleased with the progress and the advance of the Maria Luisa decline, and are on track to reach the targeted vein system within the next few months. The completion of the decline and subsequent crosscuts to access gold-copper vein material will provide the opportunity to generate additional sales revenue moving forward,” said President and CEO Alastair McIntyre.
Altiplano has generated over US$8.83 million from the recovery and sale of 4.15 million pounds of copper with an average grade of 1.76 percent copper.
Altiplano Metals is up 2.22 percent, trading at $ 0.23 at 10:02 a.m. ET.