Altiplano expands underground mining at its Farellon copper-gold mine in Chile
(Kitco News) - Altiplano Metals (TSXV: APN) today reported that the company has completed the planned expansion of the Hugo Decline to the 360 m working level at its Farellon copper-gold underground mine located near La Serena, Chile.
The company said that approximately 110 m expansion to the 360 m level is designed to provide two new mining access points along the NE and SW drifts where mining has begun.
This development work is part of the ongoing underground development and sustainability initiatives at Farellon. The company added it is actively expanding the underground operations to increase efficiencies, improve grade and access new working mining headings.
According to the company's statement, the next scheduled advance will be approximately 80 m to reach the 352 m level and is expected to begin in mid-November.
CEO Alastair McIntyre commented, "I am pleased to see the consistency of our development at Farellon with the addition of another working level. This development work ensures that we have sufficient working levels to improve output and manage grade as we work towards maximizing output and increasing revenues once the construction of the permitted mill has been completed."
Altiplano Metals is a Canadian mining company focused on the acquisition and development of near-term cash flowing assets and exploration projects of significant scale. Altiplano's goal is to grow into a mid-tier producer of copper, gold, and silver with immediate plans of generating profits from three cash flowing projects in 2021.