La Serena, Chile
Farellon is located near the town of La Serena, Chile, approximately a one-hour flight north from the Chilean capital, Santiago. Acquired in 2017, Farellon is an Iron Oxide Copper Gold mineralized system, currently being developed and explored from an underground decline and drift system.
The underground development program at Farellon has resulted in the extraction of greater than 84,000 tonnes of mineralized Cu/Au material and recovered ~2.5 mm pounds of copper at grades of approximately 1.85% copper. Altiplano is embarking on an expansion plan that includes a decline extension at Farellon and examining the potential expansion of the underground workings at the adjacent Rosario vein system that recently yielded positive copper and gold results from a recent underground sampling program. The expansion will be used to support a fit for purpose 250 tonne/day mill and recovery plant currently under construction 15 kms from the Farellon site. This facility is designed to reduce shipping and processing costs.