Additional development already being planned
Here we go! Transports of material mineralized with iron oxide, copper and gold from the historic Santa Beatriz mine to Altiplano Metals’ (TSXV APN / WKN A2JNFG) processing plant in Chile are starting. The material will stem from bulk samples taken in the mine.
This is to supplement the utilization of the El Peñón plant, which is located just 13 kilometers from Santa Beatriz. According to the company, the mineralized material will be blended with stockpiles and third party supplies while the review of development plans for the historic mine continues. As Altiplano’s CEO Alastair McIntyre says: “Santa Beatriz offers a unique opportunity to combine output with beneficiation, which sets us apart from other exploration companies.”
500 tons of material expected per month
Altiplano Metals expects to be able to extract around 500 tons of material per month through bulk samples over the next three months – February to April. This material, mineralized with copper, gold and iron, which will then be transported to the plant, comes from the floor and roof of the historical mining areas.
So far, the company has stockpiled 400 tons of this material on the surface of the Santa Beatriz mine, ready for delivery. Only recently, Altiplano improved the access road to the mine site so that it is suitable for the coming and going of the 30-ton ore haulers. Now two loads of 30 tons per day are to deliver the material to the El Peñón processing plant.
At the same time, the company is examining a mining plan to gain access to the deeper levels of the mine. This plan is to be based on a short program of diamond core drilling which is to follow. A decision on this is expected to be made in the coming months, the company said.
Altiplano Metals has reported continuous progress from Chile since the beginning of the year. In addition to the improvements at El Peñón, the company has not only pressed ahead with the extraction of bulk samples from Santa Beatriz, but has also concluded an offtake agreement for the iron ore concentrate that is also produced at the processing plant. In addition, interesting new projects were acquired that could provide new material for processing in the future. We are excited to see what happens next.
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