Altiplano Metals has released an update on progress at the historic Farellon copper-gold mine near La Serena, Chile.
Altiplano Metals (TSXV:APN) has released an update on progress at the historic Farellon copper-gold mine near La Serena, Chile.
According to the release, since December 2017 the company has extracted a total of 10,585 tonnes of copper-iron-gold mineralized vein material from two bulk sampling programs on the 395M and 401M levels, of which 6,020 tonnes have been shipped for toll milling and 3,655 tonnes remain stockpiled. The company has received analytical results for 5,489 tonnes of the processed material and awaits analysis for 530 tonnes. Shipment of the remaining stockpiles for immediate processing has commenced.
As quoted in the press release, chief executive of Altiplano, John Williamson said:
“Our team has rapidly and continuously improved capacity to the point where we are confident in our ability to consistently meet or exceed extraction rates of 5,000 tonnes per month of copper-gold mineralized material. In the third quarter of 2018, we anticipate achieving several milestones, including hitting our target for extraction and potentially updating the classification of resources and initiation of work programs on our other projects.”