Altiplano Metals Inc. reported that a new operating section has been established at the 336 m mining level at the Farellon copper-gold mine located near La Serena, Chile. Access to the 336 m level is part of the ongoing underground development of the Hugo Decline, used to access and extract copper-gold and iron material from Farellon. Sub drifts on the 336 m level have intersected the Farellon Iron Oxide Copper Gold vein structure with two new production headings established in the NE and SW directions.

Mining in this area has begun, along with benching operations continuing between the ceilings and floors of the 344 m and 352 m levels. Further development of the Hugo Decline to the 328 m level is expected to begin in the next four weeks, with a time frame of approximately 12 weeks to reach the new targeted intersection. Additional tonnage will be mined from the SW location of the mine using existing underground infrastructure to increase production to 5,000 tones per month to supply the processing facility at El Peñón over the following months.