Altiplano Metals initiates advance on Hugo Decline to 360-meter level at Farellon mine in Chile

Altiplano Metals Inc has provided an update on the ongoing underground development at the Farellon Copper-Gold (Cu-Au) mine located near La Serena, Chile.

In a statement, the company said the development work on the Hugo Decline continues, with the underground advance to the next operating position located at the 360-meter level.

The extension of the decline is part of the ongoing development to support additional operating levels at depth, as the work was initiated after establishing working levels on the 368 meters (m) drift and has an expected total advance of 92.5m to reach the 360-meter level. 

READ: Altiplano begins ventilation improvements at Farellon

To date, 28m have been completed, with the intersection of the 360 meter-level expected in late August. 

The advance also involves the construction of two mucking bays used to store waste from the advance of the decline. On completion of the 360-meter level advance, both mucking bays will be used as emergency stations as the Hugo Decline continues expansion to additional lower levels.

Altiplano said the decision to commence production on the Farellon deposit is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and there is increased uncertainty and economic and technical risks of failure associated with the production decision

“Advancing the Hugo Decline to the 360 m is the next step in the underground development of the Farellon Mine,” said CEO Alastair McIntyre.

“The 360m level provides opportunity to access new working faces and positions us for accessing additional levels at depth, which will be supported by our recently announced underground drilling program.”

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