300 tons have already been mined
Altiplano Metals (TSXV APN / WKN A2JNFG) continues to set a fast pace in 2025. The company has now announced that bulk sampling began in the first week of January at the historic Santa Beatriz mine in Chile.
The iron oxide, copper and gold mine is located around 45 kilometers from La Serena in the South American country and only 13 kilometers from Altiplano’s El Peñón processing plant. As CEO Alastair McIntyre points out, the mineralogy of the vein structure and the proximity to El Peñón are ideal for utilizing the processing capacity of the plant. Apart from taking the samples, Mr. McIntyre says, more detailed investigations are now being carried out to support further underground development.
With the extraction of the bulk sample already underway, Altiplano is concentrating on the western part of the historic mine area. In the first week of January, 300 tons have already been mined there.
The team’s primary focus is to recover mineralized material from the vein structure that are above the previously mined areas. In this area, according to the company, 2.45 meters with 3.65% copper, 0.29 g/t gold and 26.97% iron were detected, including a sample over 1.08 meters containing 8.08% copper, 0.63g/t gold and 39.49% iron. Altiplano Metals had already reported this in May 2024.
The initial plan is to extract 500 tons of material per month and then increase this to up to 1,000 tons per month while the evaluation of the mine’s production potential and expansion is completed. The first material from Santa Beatriz will then be delivered at the end of the month, Altiplano Metals announced.
Further development of the mine, which Altiplano intends to use to access the vein structure at greater depths, will be supported by a diamond core drilling program that the company is already developing.
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