- Los Andes Copper (LA) has reported positive results from recent drilling at the Vizcachitas Copper Project in Chile
- One hole has returned results from 15.05 – 1055.15 metres with a copper equivalent grade of 0.24 percent
- Vizcachitas is a porphyry copper deposit surrounded by some of the largest copper mines in the world
- Work continues to define the limits of the Vizcachitas Porphyry Copper deposit
- Los Andes Copper is preparing a filing for the Environmental Court in Chile in response to a recent injunction suspending drilling
- Los Andes Copper Ltd. is an exploration and development company with an 100 per cent interest in the Vizcachitas Project in Chile
- Los Andes Copper Ltd. (LA) is up 5.33 per cent on the day, trading at C$15.80 per share at 9:50 am ET
Los Andes Copper (LA) has reported positive results from recent drilling at the Vizcachitas Copper Project in Chile.
The drill results continue to expand a Tier 1 large, advanced copper deposit, with a Pre-Feasibility Study (“PFS”) in progress.
Projects like Vizcachitas are expected to be in high demand by copper producers as they advance towards the development stage to help fill the pending supply gap.
The drill core assay results will be incorporated into the new resource assessment for the PFS targeted for the fourth Quarter 2022.
R. Michael Jones CEO of Los Andes commented on the results.
“The drill results continue to show that the limits of the Vizcachitas Porphyry Copper deposit still have not been determined. On the east, west and southern areas we have yet to close-off the deposit with drilling. Our recent previously announced results of 152 meters of 1 per cent Copper Equivalent in the south (CMV 009) and the results announced today on the western and eastern sides, show that further drilling is required to determine the full scale of the deposit.”
Vizcachitas is a porphyry copper deposit surrounded by some of the largest copper mines in the world. Current resources, as estimated in the soon to be updated Preliminary Economic Assessment, are measured resources of 254.4 million tonnes having a grade of 0.489 per cent copper equivalent and indicated resources of approximately 1.03 billion tonnes having a grade of 0.442 per cent copper equivalent.
The company plans to release additional assay results in the coming weeks and complete the PFS in the fourth Quarter of 2022.
Drilling results:
Results from holes CMV-008, CMV-011, CMV-012b
| Drill Hole | Interval (m) | Meters | Cu % | Mo ppm | Ag g/t | CuEq % |
| CMV-008 | 12.2 – 592.1 | 579.90 | 0.07 | 8 | 0.57 | 0.08 |
| CMV-011 | 15.05 – 1055.15 | 1,040.10 | 0.21 | 67 | 0.71 | 0.24 |
| Including | 804 – 926 | 122.00 | 0.50 | 223 | 1.72 | 0.59 |
| CMV-012B | 29.5 – 890.7 | 861.20 | 0.34 | 133 | 0.86 | 0.39 |
| Including | 560 – 890.7 | 330.70 | 0.55 | 212 | 1.28 | 0.63 |
Los Andes Copper is preparing a filing for the Environmental Court in Chile on the issues raised in a recent injunction that suspended drilling. Following detailed work and documentation, the company plans to submit substantial evidence to demonstrate that the drilling project can continue with no significant negative effects to fauna and the environment.
Los Andes Copper Ltd. is an exploration and development company with an 100 per cent interest in the Vizcachitas Project in Chile.
Los Andes Copper Ltd. (LA) is up 5.33 per cent on the day, trading at C$15.80 per share at 9:50 am ET.