Jul 16 2014
Altiplano Minerals Ltd. ("Altiplano" or the "Company") today announced the identification of anomalous copper in soil trends at its 100% owned GD Property (the 'Property') located within Central British Columbia, approximately 25 km south of the past producing Bell and Granisle Copper Mines.
Since acquiring the GD property in 2010 the company has collected approximately 1054 soil samples as part of its ongoing evaluation of this underexplored property.
Recent soil sampling has identified several trends of anomalous copper across a 3 km x 2 km underexplored and till covered portion of the GD property. The largest anomaly comprises a ~100 m wide, 2km long, north-south trend of anomalous copper mineralization defined by more than 30 samples assaying above 30 ppm and up to 223.4 ppm Cu (see figure). This major copper trend occurs coincident with anomalous gold and molybdenum and a historic linear IP chargeability anomaly.
"Soil sampling has been used successfully to identify blind mineralized deposits within this region of B.C.," stated Peter Kleepsies, President and Director of Altiplano Minerals. "The discovery of this significant soil geochemistry trend of anomalous copper, gold and molybdenum occurring coincident with an IP chargeability anomaly provides Altiplano with an exciting target to focus future work," added Mr. Kleespies.
Numerous other copper ± gold ± molybdenum-in-soil trends have also been defined within the area. Weakly anomalous thresholds in soils in the GD property area are considered to be assays above 30 ppm Cu, 1.3 ppm Mo and 5 ppb gold, while samples assaying greater than 65 ppm Cu, 2.8 ppm Mo and 20 ppb Au are considered highly anomalous.
Since June 2013, Altiplano Minerals has collected 347 soil samples across a till covered ~ 3 km x 2km portion of the GD property. Samples were initially collected using a grid defined by 200 m spaced east-west lines and 50 m spaced samples and then selectively infilled to 100 m spacing based on initial results. Samples were selectively taken from the Ah soil horizon, which has been shown to be a successful vector to buried mineralization across similar areas in British Columbia.
QA / QC
Altiplano's disclosure of a technical or scientific nature in this press release has been reviewed and approved by Peter Kleespies, M.Sc., P.Geol., Altiplano's President and Director, who serves as a Qualified Person under the definition of National Instrument 43-101. Samples were collected by Altiplano staff and personally delivered to the Acme Analytical Laboratories' sample preparation facility located in Smithers, B.C. to ensure an unbroken chain of custody. Soil samples were dried at 60°C, crushed to 180 microns, and passed through -80 mesh (Acme Code: SS80). 15g aliquots were then digested using a 1:1:1 Aqua Regia solution and 36 elements were analysed using ICP-ES/MS (Acme Code: AQ201). Certified reference materials were inserted into the batch and results were verified by a British Columbia Certified assayer. Acme Analytical Laboratories are ISO 9001:2008 accredited, and the analytical facility used is additionally ISO/IEC 17025:2005 accredited. Altiplano's GD property represents an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.
About the GD Property
The GD Property is located west of Babine Lake and south of Granisle, within the Omineca Mining Division of central British Columbia, approximately 25km south of the past producing Bell and Granisle copper mines. The property comprises 11 contiguous mineral claims covering a total of 4,162 hectares and encompassing a number of significant copper, molybdenum and gold targets in close proximity to infrastructure. The Babine Lake area surrounding the GD Property has been the focus of recent exploration interest for porphyry hosted Cu deposits. Significant copper producer Antofagasta Minerals S.A., in joint venture with Riverside Resources, is presently conducting exploration in the immediate area at the Flute and Lennac Properties.
About Altiplano
Altiplano Minerals Ltd. (TSX VENTURE:APN) is a mineral exploration company focused on acquiring projects with significant potential for discovery. Management is experienced in seeking out, advancing, and financing promising exploration projects in Canada and abroad. Altiplano completed its initial public offering of common shares on January 31, 2011 and maintains the GD Property as its primary mineral interest. The Company has weathered an extended downturn in the junior resource markets, preserving its enviable share structure while maintaining core assets and continuing to evaluate new opportunities. The Board and Management of Altiplano have undertaken a strategic review to determine a course of action to create value for Altiplano's shareholders in the current marketplace. Additional information concerning Altiplano can be found on its website at www.altiplanominerals.com.
ON BEHALF OF THE BOARD
John Williamson, Chairman