Copper

Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to report on the November 2021 results from the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile.

During November 2021, a total of approximately 3,965 tonnes of mineralized copper-gold material was extracted at Farellon, and 2,980 tonnes were sent for processing, representing a 30% improvement over the 2,285 tonnes processed in October. Grade in November improved to 1.94% for the month compared to the October grade of 1.44%. Grade improvements are attributed to accessing higher grade material in the NE sections of the mine in the 376 m and 368 m levels with overall grade control and waste management also being contributors.

Revenue generated in November was approximately US$373,700 after processing costs, representing the highest monthly revenue since Farellon began operations in Q1 2018. Revenue improvements are attributed to grade control and firmer copper prices during the period. At November month end, an additional 700 tonnes were stockpiled at site where the revenue will be credited to the following months after processing has been completed. In addition, 1,400 tonnes of low-grade copper/high grade iron are stockpiled at site for processing at El Peñón site when completed.

CEO Alastair McIntyre, commented, "We are pleased to see the improvements in grade at Farellon and the resulting increase in record revenue. Our focus will continue on grade and mine development thus enabling us to leverage production opportunities and maximize our returns."

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4303/110271_34f185df04c39ad1_001.jpg

Figure 1. Comparative 2021 Monthly Review of Farellon Output

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4303/110271_34f185df04c39ad1_001full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4303/110271_34f185df04c39ad1_002.jpg

Figure 2. Monthly Processed Material, Income and Mining Cost at Farellon

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4303/110271_34f185df04c39ad1_002full.jpg

Figure 3. Comparative 2021 Income, Copper Contained and Grade

Month 2021USD Income*Copper PoundsCu grade % 
January$218,695 104,7411.77% 
February$137,990 68,8061.38% 
March$184,028 83,9741.43% 
April$230,655 88,0531.64% 
May$99,614 39,3301.23% 
June$269,442 93,2771.49% 
July$243,853 90,6541.52% 
August$162,78369,9501.20% 
September$154,70960,9141.42% 
October$176,31869,4011.44% 
November$373,668121,8491.94% 

 
*After processing costs

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4303/110271_figure4_550.jpg

Figure 4. Jumbo Preparing 368 m NE Face for Blasting

To view an enhanced version of Figure 4, please visit:
https://orders.newsfilecorp.com/files/4303/110271_figure4.jpg

Altiplano has generated over US$7,200,000 from the recovery and sale of 3.597 million pounds of copper with an average grade of 1.74% Cu (2018 Q1-2021 Q3). Cash flow has been re-invested into equipment, underground drilling, expanding underground development at Farellon, enhancing ventilation to increase productivity and capacity, new development and exploration at Maria Luisa, and the commencement of the permitted El Peñón fit-for-purpose mill and flotation plant located 15 km from the Farellon site.

About Altiplano

Altiplano Metals is a growing gold, silver, and copper company focused on the Americas. The Company has a diversified portfolio of assets that include an operating copper/gold/iron mine, development of near-term producing gold/copper projects, and exploration land packages with district-scale potential. Altiplano is focused on creating long-term stakeholder value through developing safe and sustainable production, reinvesting into exploration, and pursuing acquisition opportunities to complement its existing portfolio. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Altiplano trades on the Toronto Venture Exchange trading under the symbol APN and the Frankfurt Exchange under the symbol A2JNFG.

John Williamson, B.Sc., P.Geol., a Qualified Person as defined by NI 43-101, has reviewed, and approved the technical contents of this document.

Altiplano is part of the Metals Group portfolio of companies. Metals Group is an award-winning team of professionals who stand for technical excellence, painstaking project selection, uncompromising corporate governance and a unique ability to pan through the rubble to discover and develop golden opportunities.

ON BEHALF OF THE BOARD 

/s/ "John Williamson"
Chairman

For further information, please contact:
Alastair McIntyre, CEO
alastairm@apnmetals.com
Tel: (416) 434 3799

Jeremy Yaseniuk, Director
jeremyy@apnmetals.com
Tel: (604) 773-1467

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the (TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. 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 approximately 300,000 tonnes at an average grade of 2.5% copper and 0.5g/t gold. This material was processed locally and sold to ENAMI. Altiplano is relying upon past production records, underground sampling and related activities and current diamond drilling to estimate grade and widths of the mineralization to reactivate production. The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with any production decision. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110271

News Provided by Newsfile via QuoteMedia

APN:CA
Altiplano Provides Update on Ongoing Decline Advancement and Drilling at Maria Luisa

Altiplano Provides Update on Ongoing Decline Advancement and Drilling at Maria Luisa

Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to provide an update on decline progress and ongoing exploration activities at the Maria Luisa Project (the "Project"), located 100 km north of La Serena within the Atacama region in Incahuasi, Chile.

Program Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Altiplano Defines Prospective 3.5 x 1.5 km Epithermal Alteration System at Pastillas

Altiplano Defines Prospective 3.5 x 1.5 km Epithermal Alteration System at Pastillas

Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to provide an update on ongoing surface reconnaissance work that has identified a large 3.5 x 1.5 km alteration corridor (Figure 1) at the Pastillas Gold-Copper project (the "Property"), located within the prolific Maricunga Gold Belt in northern Chile's Atacama region (Figure 2).

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4303/122918_027a6b00847518fe_001.jpg

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Altiplano Reports On Q1 2022 Results at Farellon with Record Revenue

Altiplano Reports On Q1 2022 Results at Farellon with Record Revenue

Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to report on the Q1 2022 results from the Farellon Copper-Gold-Iron (Cu-Au-Fe) mine located near La Serena, Chile.

During Q1, 2022, the Company extracted a total 10,075 tonnes of mineralized Cu-Au material at Farellon and processed 6,676 tonnes at an average copper grade of approximately 1.99%. Sales of 281,949 pounds of copper generated approximately US$857,238 in revenue (after processing costs) which represents the highest revenue total to date from Q1 2018.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Altiplano Provides Activity Update at the El Penon Processing Facility and Reports on First Shipments of Copper-Gold-Iron Material

Altiplano Provides Activity Update at the El Penon Processing Facility and Reports on First Shipments of Copper-Gold-Iron Material

Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to report on the ongoing construction activity at the El Peñón processing facility being built to support copper-gold-iron production from the Farellon mine located near La Serena, Chile.

Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Altiplano Reports February 2022 Results at Farellon with Record Copper Grade at 2.17%

Altiplano Reports February 2022 Results at Farellon with Record Copper Grade at 2.17%

Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to report on the February 2022 results from the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile.

Approximately 3,720 tonnes in total of mineralized copper-gold material was extracted at Farellon and 2,303 tonnes were processed during the month of February. This work represented a 4% improvement over the January output of 3,580 tonnes and a 4.5% improvement over the 2,110 tonnes processed in January. The grade in February improved to 2.17% for the month compared to the January grade of 2.05%. The February copper grade is recorded as the highest monthly grade recovered from Farellon since operations began in Q1 2018. Grade improvements in the last few months are noticeable and attributed to accessing higher grade material in the lower levels of the NE sections of the mine at the 368 m and 360 m levels.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Atico Reports Consolidated Financial Results for First Quarter of 2022

(All amounts expressed in US dollars, unless otherwise stated)

Atico Mining Corporation (the "Company" or "Atico") (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended March 31, 2022, posting income from mining operations of $9.1 million and a net income of $3.9 million. Production for the period at Atico's El Roble mine totaled 4.7 million pounds ("lbs") of copper and 2,636 ounces ("oz") of gold in concentrate at a cash cost (1) of $1.29 per payable pound of copper (2) .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Merida Minerals Inc

Merida Minerals Holdings Inc. Announces Re-Assay Results from Its Puebla de la Reina Property in Spain

Merida Minerals Holdings Inc. (TSXV: ESPN) ("Merida" or "the Company") is pleased to announce the results of initial core samples that have been re assayed from its Las Herrerais property, located near the village of Puebla de la Reina in Extremadura, Spain. The samples were procured from the secured facility that is controlled by the Geological and Mining Institute of Spain (Instituto Geologico y Minero de Espana or "IGME") located in Pennaroya, Extremadura. The core represents drilling carried out by IGME and Outukumpu on the Las Herreiras property previously.

The historical drilling was first carried out by IGME, which drilled 1,732.90 metres between 1984 and 1987.
IGME calculated a resource of 300,000 tonnes with grades of 1.6% Cu., 11% Zn., 1.2% Pb and 32 g/t Agi.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Trilogy Metals Announces Election of Directors and Voting Results from the 2022 Annual Meeting of Shareholders

TSX / NYSE American
Symbol: TMQ

Trilogy Metals Inc. (TSX: TMQ) (NYSE American: TMQ) ("Trilogy Metals" or the "Company") is pleased to announce the detailed voting results on the items of business considered at its Annual Meeting of the Shareholders ("Meeting") held in Vancouver on Friday, May 13, 2022 . All proposals were approved and the nominees listed in the management proxy circular for the meeting were all elected as directors. A total of 118,263,353 or 81.30% of the Company's issued and outstanding shares were represented at the Meeting.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Los Andes Copper Announces the Largest 1% Copper Equivalent Intercept to Date at Vizcachitas Copper Project, Chile

Los Andes Copper Announces the Largest 1% Copper Equivalent Intercept to Date at Vizcachitas Copper Project, Chile

152m Grading 1% Copper Equivalent

Included in 387 m at 0.56% Copper Equivalent

Additionally, 377 m at 0.31% Copper Equivalent

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Usha Resources Closes Second Tranche of Oversubscribed Non-Brokered Private Placement at Premium to Market Price

Usha Resources Closes Second Tranche of Oversubscribed Non-Brokered Private Placement at Premium to Market Price

NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES

Increase and Extension Granted for Non-Brokered Private Placement

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×