Altiplano Drills for Growth at Santa Beatriz

Generado por agente de IAClyde Morgan
martes, 18 de febrero de 2025, 9:06 am ET1 min de lectura
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Altiplano Metals Inc. (TSXV: APN) (WKN: A2JNFG) has announced an exciting diamond drilling program at the historic Santa Beatriz iron-oxide-copper-gold (IOCG) mine in Chile, located approximately 45 kilometers south of La Serena and 13 kilometers south of the El Peñón processing plant. This strategic move aligns with the company's growth strategy and commitment to creating long-term stakeholder value.

The drill program, consisting of a minimum of four holes averaging 125 meters each, will target the Santa Beatriz main vein. The primary objective is to confirm the vein's continuity below Level 416 and assess mineralization 25-40 meters below this level. This information will support an evaluation to construct a decline to access at least three deeper extraction levels, potentially enhancing Cu-Au-Fe mineralized material production and increasing supply for the El Peñón processing facility.

Santa Beatriz is situated within Chile's copper-rich IOCG belt, specifically in the Tambillos District, a well-known mining region. The mine hosts an iron oxide copper gold vein system, which has previously yielded high-grade results, including up to 2.45 meters at 3.65% Cu, 0.29 g/t Au, and 26.97% Fe. Seven additional untested IOCG veins within the Santa Beatriz concession present future drilling opportunities.

Altiplano has generated over C$22.8 million from the recovery and sale of more than 6.95 million pounds of copper with an average grade of 1.8% Cu between December 2018 and September 2024. The company has reinvested this cash flow into exploration, development, and the construction of the El Peñón copper-gold-iron processing facility, demonstrating its commitment to growth and value creation.



The Santa Beatriz drill program is a testament to Altiplano's strategic approach to growth in the Chilean mining sector. By expanding its resource base, developing new mining areas, and diversifying its portfolio, the company aims to maximize production, revenue, and shareholder value. As the drill program progresses, investors should closely monitor the results and their potential impact on Altiplano's growth prospects.

In conclusion, Altiplano's drill program at Santa Beatriz is a strategic move that aligns with the company's growth strategy and commitment to creating long-term stakeholder value. As the program progresses, investors should closely monitor the results and their potential impact on Altiplano's growth prospects in the Chilean mining sector.

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