- Altiplano Metals (APN) gave an update on the intersection of the 352-metre mining level as part of the ongoing development of the Hugo Decline at the Farellon copper-gold mine
- The company has intersected the Farellon Iron Oxide Copper Gold vein structure with production headings now established on the northeast and southwest directions
- Further development of the Hugo Decline to the 344 metre level is expected to begin in the next four weeks with a time frame of 12 weeks to reach the new targeted intersection
- Altiplano Metals Inc. (APN) is trading steady at $0.175 at 11:00 am ET
Altiplano Metals (APN) has provided an update on the intersection of the 352-metre mining level of the Hugo Decline at the Farellon mine.
The company has intersected the Farellon Iron Oxide Copper Gold vein structure with production headings now established on the northeast and southwest directions.
Mining in this area has begun along with benching operations continuing between the roofs and floors of the 360 metre and 368 metre levels.
Further development of the Hugo Decline to the 344 metre level is expected to begin in the next four weeks with a time frame of 12 weeks to reach the new targeted intersection.
President and CEO, Alastair McIntyre stated that advancing to lower levels of the mine provides access to additional working faces which improves our ability to manage grade control and productivity.
“Going forward, the copper-gold-iron material extracted from these lower levels will form the bulk of the shipments to feed the newly commissioned El Peñón processing facility.”
Located near La Serena, Chile, the Farellon mine was previously in production dating back to the 1970’s with a reported historical production (to a depth of 70 m) yielding 300,000 tonnes at an average grade of 2.5 per cent copper and 0.5 g/t gold.
Altiplano Metals (APN) is a gold, silver, and copper company focused on the Americas.
Altiplano Metals Inc. (APN) is trading steady at $0.175 at 11:00 am ET.