- The Regional Environmental Committee unanimously approved the drilling permit application submitted by Compañia Minera Vizcachitas Holding
- The company is permitted to drill up to 350 holes on up to 124 platforms
- Los Andes Copper will now be able to carry out the drilling to complete the pre-feasibility study
- Los Andes Copper Ltd. is a development company with a 100% interest in the Vizcachitas project in Chile
- Los Andes Copper Ltd. (LA) opened trading at C$10.21 per share
The Regional Environmental Committee unanimously approved the drilling permit application.
The application was submitted by Compañia Minera Vizcachitas Holding, the wholly-owned subsidiary of Los Andes that owns the Vizcachitas Project.
The company is permitted to drill up to 350 holes on up to 124 platforms over the next four years if required.
Los Andes Copper will now be able to carry out drilling to complete the pre-feasibility study (PFS).
The proposed work plan includes infill drilling within the PFS open pit, drilling to extend the higher-grade mineralization to the north of the Preliminary Economic Assessment pit and to test the prospective geophysical targets identified in 2020.
Fernando Porcile, Executive Chairman commented,
“We are delighted with the unanimous approval received to carry out drilling at Vizcachitas. This decision is of particular significance as the drilling allows the Company to complete the ongoing PFS.
“As we continue to progress on delivering a robust PFS, we look forward to sharing positive updates in the coming months.”
Los Andes Copper Ltd is focused on the acquisition, exploration, and development of copper deposits in Latin America. The company has a 100% interest in the Vizcachitas Project located along Chile’s most prolific copper belt.
Los Andes Copper Ltd. (LA) opened trading at C$10.21 per share.