Altiplano Reports Cash-positive Fourth Quarter Operations in Chile
EDMONTON, March 28, 2019 – Altiplano Metals Inc. (TSXV: APN) (OTCQB: ALTPF) (WKN: A2JNFG) (“Altiplano” or the “Company”) has concluded its bulk sampling program and is pleased to report the Q4 October - December results at the historic Farellon Copper-Gold Mine near La Serena, Chile. The program was designed to test viability of operations at Farellon based on the environment of lower copper prices that prevailed during the latter half of 2018.
CEO John Williamson stated, “We are excited to achieve a positive quarter at the Farellon project despite copper prices averaging lower than 2.80 USD/lb at that time. We have a lot of work ahead, but with stabilization of production and grade control in the current environment of rising copper prices, we can look ahead to growth strategies at Farellon, Laura and the Rosario vein systems”.
Between October 1st and December 31st, the Company extracted 11,365 tonnes of mineralized material at Farellon and processed 7,988 tonnes yielding an average grade of 1.46% Cu. During Q4, the Company received 695,000 USD for the sale of this material, producing an operating margin of 63,500 USD from Chilean operations.
Altiplano Metals Inc. (APN: TSX?V) is a mineral exploration company focused on evaluating and acquiring projects with significant potential for advancement from discovery through to production, in Canada and abroad. Management has a substantial record of success in capitalizing on opportunity, overcoming challenges and building shareholder value. Additional information concerning Altiplano can be found on its website at www.apnmetals.com.
ON BEHALF OF THE BOARD
/s/ "John Williamson"
President and CEO
For further information, please contact:
Jeremy Yaseniuk, Director
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. 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.