Ideal Conditions
Altiplano Metals (WKN A2JNFG / TSXV APN) continues to maintain a high pace in 2025. They now announce that bulk sampling from the historical Santa Beatriz Mine in Chile has begun!
The iron oxide, copper, and gold mine is located about 45 kilometers from La Serena in the South American country and only 13 kilometers from Altiplano’s El Peñón processing facility. As CEO Alastair McIntyre emphasizes, the mineralogy of the vein structure and the proximity to El Peñón are ideal for utilizing the plant’s processing capacity. In addition to sample collection, Mr. McIntyre states, more detailed investigations are now underway to support further underground development.
Altiplano is focusing on the western part of the historical mining area with the already initiated bulk sampling. They have already mined 300 tons there in the first week of January.
The team’s main focus is on extracting mineralized material from the vein structure that lies above previously mined areas. In this area, the company reports, among other findings, 2.45 meters with 3.65% copper, 0.29 g/t gold, and 26.97% iron were identified, including a sample over 1.08 meters that contained 8.08% copper, 0.63g/t gold, and 39.49% iron. Altiplano Metals had already reported this in May 2024.
Drilling Program to Support Further Development
The plan is to initially extract 500 tons of material per month and then increase this to up to 1,000 tons per month while completing the evaluation of production potential and mine expansion. The first material from Santa Beatriz is expected to be delivered by the end of the month.
Further development of the mine, through which Altiplano aims to gain access to the vein structure at greater depths, will be supported by a diamond core drilling program that the company is already developing.
