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Altiplano Considers Installing Magnetic Separation Plant at Farellon

Newsfile Corp.

Edmonton, Alberta--(Newsfile Corp. - April 4, 2019) - Altiplano Metals Inc. (TSXV: APN) (OTCQB: ALTPF) (WKN: A2JNFG) ("Altiplano" or the "Company") is pleased to report encouraging metallurgic lab test results for improved copper recoveries following magnetite separation of samples taken from low grade mineralized material at the historic Farellon Copper-Gold Mine near La Serena, Chile.

CEO John Williamson stated, "During the past three months our technical team has been evaluating alternative processing methods to improve the metallurgic performance of milling mineralized material taken from Farellon. In the following weeks, our team will review results of further testing intended to confirm that we can improve Cu recoveries and produce a high iron concentrated by installing a magnetic separation plant at Farellon."

Two 100 kg samples of low grade mineralized material were shipped to Roanda Metallurgic Laboratory for magnetic separation testing. Prior to processing, the Cu and Fe grade on the material was as follows:

Sample N° %Fe (total) % Cu (total) % Cu (soluble) Au ppm Ag ppm
251178 36.70 0.65 0.03 0.15 1
251179 33.70 1.11 0.04 0.09 1

 The ICP analysis also showed 1,200 ppm of Vanadium and 63 ppm of Cobalt.

Both samples were crushed and milled, then were processed through magnetic drums to separate the magnetic iron. The test produced magnetite rich concentrates with the following chemistry:

Sample N° %Fe (total) %Fe (magnetic) %Cu (total)
251178 69.32 66.70 0.61
251179 69.54 68.9 1.19

 

The results indicate that: firstly, a large part of the magnetic iron can be recovered by magnetic separation; secondly, the concentrate does retain copper; and thirdly, for optimal Cu/Fe separation, the material must be milled under #10 Ty or 1.7 millimetres. Future metallurgical work will focus on the potential to produce a saleable iron rich concentrate, along with the upgrading, separation and production of copper from lower and higher grade material, with the ultimate goal of reducing trucking costs by shipping high value material and the elimination of low value material at site.

About Altiplano

Altiplano Metals Inc. (TSXV: APN) 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
jeremyy@apnmetals.com
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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43896