Altiplano Metals Inc. (TSX:V- APN) is an expanding mineral exploration company focused on evaluating, acquiring and developing projects with significant potential for advancement from discovery through to production. Altiplano is focusing on developing Farellon, an IOCG deposit located near La Serena in Chile. Acquired in 2017, Altiplano is conducting an underground exploration and bulk sampling program at Farellon that has resulted in the extraction 55,000 tonnes @1.68% Cu and recovered over 1,300,000 pounds of copper (Nov 2019) through toll milling.
Based on the success of technical and financial improvements at site and the opportunity to increase the extraction of additional tonnes, Altiplano is embarking on an expansion plan that includes a decline extension at Farellon and targeting the expansion of the underground workings at the adjacent Laura and Rosario veins. The Farellon expansion will be used to support the build of an on-site fit for purpose mill and recovery plant to enhance profitability. The Company will continue to assess new opportunities where management’s expertise and knowledge can leverage the success at Farellon as a repeatable business model and bring exceptional value to shareholders.