Altiplano Metals President and CEO, Alastair McIntyre, expressed enthusiasm about the progress at the Santa Beatriz project. The geological information and sample results indicate that the vein structures at Santa Beatriz are similar to those at Farellon but with higher gold grades and a larger land package containing multiple vein sets. The favorable location of Santa Beatriz presents an opportunity to enhance processing capacity at El Peñón and potentially increase returns with significant gold credits. McIntyre highlighted the company’s intention to move the project forward swiftly to support future development decisions.
Exploration Progress at Santa Beatriz
The ongoing exploration program at Santa Beatriz involved surface and underground mapping and sampling along NE-trending veins. The technical team identified a total of 5 veins/splays, with a combined strike length of 1,050 m and widths ranging from 0.30 to 3.13 m. The detailed exploration focused on the main Santa Beatriz vein, which extends along a strike length of 275 m. The underground workings at Santa Beatriz produced promising sample results, with the best channel sample yielding 2.45 m with 3.65% Cu, 0.29 g/t Au, and 26.97% Fe.
Geological Insights and Future Exploration
The Santa Beatriz vein shares similarities with the Farellon and Rosario veins, indicating they belong to the same ore-forming hydrothermal system. The positive geological mapping and sample results from Santa Beatriz suggest the presence of a larger and deeper hydrothermal system feeding multiple veins in the area. Altiplano plans to continue exploration with a bulk sample from underground workings, geophysics, and diamond drilling to confirm vein continuity and grades at depth and along strike. The existing underground infrastructure at Santa Beatriz will facilitate access to the mineralized vein structure for further exploration.
Financial Performance and Investment
Altiplano Metals has generated significant revenue from the recovery and sale of copper, reinvesting in equipment, underground drilling, and expanding operations at Farellon and El Peñón. The company’s focus on creating long-term stakeholder value through sustainable production, exploration, and strategic acquisitions underscores its commitment to building shareholder value.
In conclusion, the promising results from Santa Beatriz, combined with Altiplano’s strategic approach to exploration and development, position the company for growth and success in the Americas mining sector. By leveraging its technical expertise and operational excellence, Altiplano is poised to capitalize on emerging opportunities and deliver value to its stakeholders.
