During the month of November, approximately 4,110 tonnes of mineralized copper-gold material was produced at Farellon with approximately 2,950 tonnes shipped and processed. The November production represents an increase of 2.5% over the October output of 4,010 tonnes. Processing in November increased by 23.5% over the October figure of 2,390 tonnes processed. The copper grade at Farellon observed in November at 2.10%, represents an improvement from the 1.87% observed in October and represents the second highest monthly grade in 2022 and 3rd highest overall. Increased production and good copper grades generated the second highest amount of copper sales from Farellon on record in November at 131,153 pounds.
Revenue generated in November was approximately
CEO
About Altiplano
Altiplano has generated over
Altiplano is part of the
Contact:
CEO
E: alastairm@apnmetals.com
Tel: (416) 434 3799
Director
E: jeremyy@apnmetals.com
Tel: (604) 773-1467
Neither the
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. A qualified person has not done sufficient work to classify any historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. The Farellon mine was previously in production dating back to the 1970's with a reported historical production (to a depth of 70 m) yielding approximately 300,000 tonnes at an average grade of 2.5% copper and 0.5g/t gold. This material was processed locally and sold to ENAMI. Altiplano is relying upon past production records, underground sampling and related activities and current diamond drilling to estimate grade and widths of the mineralization to reactivate production. The decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with any production decision. 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.
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