Altiplano Metals to acquire gold project in Nicaragua

According to Altiplano, San Pedro is a drill-ready project with the potential for an early maiden mineral resource estimate, as significant trench intercepts provide clear targets to test for continuity of gold mineralization to depth and develop a 3-dimensional model of the mineralized body. 

“We are pleased to reach an agreement on a high-quality, scalable gold exploration project that has previously yielded promising historical exploration results. Exploration work at San Pedro has identified several zones of particularly noteworthy gold-grade in near-surface oxide as well as in previous drilling beneath the oxide zone,” Alastair McIntyre, the company’s CEO, said in the media brief. “The geological information is excellent and indicates that clearly defined drill targets occur over an approximate 15-kilometre strike length of mineralized gold-bearing epithermal quartz veins.”

The San Pedro mining concession application area is located on the eastern foothills of Nicaragua’s Central Dividing Range, an area of Tertiary-aged volcanic rocks that host numerous epithermal gold deposits including Calibre Mining’s La Libertad and El Limón gold mines, and Condor Gold’s La India gold mine development project.