Altiplano Minerals Ltd. has extended the option agreement to acquire the Santa Beatriz copper-gold-iron mine in Chile for an additional year. The extension allows Altiplano to continue exploration and development work, including dewatering, refurbishment, and mapping of the mine. The company aims to extract a targeted 3,500-tonne zone of mineralized material for bulk sampling. Processed material will be sent to Altiplano's El Peñón processing facility.
Thursday, January 2, 2025 6:00 AM PST. is pleased to announce that the option agreement to acquire the Santa Beatriz copper-gold-iron mine has been extended for one year. Santa Beatriz is located approximately 45 kilometers south of La Serena, Chile, and 13 kilometers south of the El Peñón processing plant."We are very pleased with the technical progress and results at Santa Beatriz.
The Company has obtained the required permits to work with and store explosives necessary to conduct ongoing mining activitiesDewatering and refurbishment of the lower portions of the mine have been completed. The first shipment produced at Santa Beatriz is expected to be received at the Plant in early January 2025.To view an enhanced version of this graphic, please visit:The decision to develop the Santa Beatriz deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty of economic and technical risks of failure associated with any potential production decision.6.95 million pounds of copper.
Mining Exploration Copper Gold Iron
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