- Los Andes Copper (LA) is reporting the largest-ever cooper equivalent intercept at its Vizcachitas Copper Project, located in Chile
- One hole has returned results from 93.2 metres to 480.35 metres with a copper equivalent grade of 0.56 percent
- The hole is located near the southern edge of the current resources and further drilling is planned to outline this area in detail
- Los Andes Copper is up 1.13 percent, trading at $14.31 at 10:50 a.m. ET
Los Andes Copper (LA) is reporting the largest-ever cooper equivalent intercept at its Vizcachitas Copper Project.
The copper-molybdenum porphyry deposit is located 120 kilometres north of Santiago, Chile.
The Vancouver-based exploration company has termed the latest drill results as “excellent.”
One hole of particular interest, has returned results from 93.2 metres to 480.35 metres with a copper equivalent grade of 0.56 percent. Assays included 0.53 percent copper, 62 parts per million (ppm) molybdenum and 1.5 grams per tonne of silver.
One intercept from the hole is at an interval of 108 metres to 260 metres, of 152 metres grading 1.00 percent copper equivalent.
The hole is located near the southern edge of the current resources and further drilling is planned to outline this area in detail
The drilling results indicate that the limits and the centre of the Vizcachitas Porphyry Copper deposit are not yet known.
The company has another 3,300 metres of the sampled core are awaiting assay results.
“The shallow mineralization in Hole CMV-009 is impressive. The higher-grade areas of the deposit will be targeted for early mining where accessible in the developing PFS mine plan. Hole CMV-010 illustrates that the deposit is still open to the northwest and assays are pending for Hole CMV-011 that is further west. Hole CMV-010 and CMV-011 will allow the western area to be reconsidered in the resource model. The opportunity to convert tonnes assumed to be waste in the Preliminary Economic Assessment (the “PEA”) to resources in the mine plan for the PFS, and to target high grade areas are good opportunities to optimize the project,” said Los Andes CEO R. Michael Jones.
Los Andes Copper is up 1.13 percent, trading at $14.31 at 10:50 a.m. ET.