Altiplano Metals Inc. (APN) has provided an update on the mining activity at the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile.
As part of the ongoing underground development at Farellon, Altiplanon began the extension of the Hugo Decline in March to access the 369 m level access point.
To date, the operation has advanced 45 m of the expected 80 m of total development length required.
The intersection of the 369 m level is expected in late April/early May.
The new access point will provide two additional development headings to the NW and SW directions.
CEO Alastair McIntyre commented, "Expansion of the Hugo Decline is part of our ongoing development plan to operate on several working headings through multiple access points. These additional locations provide an opportunity to improve efficiencies and grade control further."
"This is all part of our design to maximize the output in advance of the mill facility start-up," added McIntyre.
Altiplano Metals Inc. is a Canadian mining company focused on the acquisition and development of near-term cash-flowing assets and exploration projects of significant scale.
Altiplano Metals Inc. (APN) is up 1.56 per cent and is trading at C$0.32 per share at 9 am ET.