- Los Andes Copper (LA) has commenced drilling at the Vizcachitas Project
- Previous intercepts include the drill hole V2017-10 with 506 metres at 0.57 per cent copper and 357 parts per million Molybdenum from 486 m down-hole
- The initial planned drilling is for 13,000 m in 18 holes
- Initial drilling results are expected to be available in early Q1 2022
- Los Andes Copper Ltd. is an exploration and development company
- Los Andes Copper Ltd. (LA) opened trading at C$10.50 per share
Los Andes Copper (LA) has commenced drilling at its 100 per cent owned Vizcachitas Project.
The drilling campaign has three main objectives:
- To explore the deeper parts of the classic porphyry copper deposit at Vizcachitas. Previous intercepts include the drill hole V2017-10 with 506 metres at 0.57 per cent copper and 357 parts per million Molybdenum from 486 m down-hole.
- To explore the open part of the deposit to the north and northeast. Geological mapping and geophysics suggest the deposit extends to the north of the previous drilling and current Preliminary Economic Assessment resource estimates.
- To fill in areas of drilling in advance of finalization of the resources for the upcoming Pre-Feasibility Study.
The company’s subsidiary, Compañia Minera Vizcachitas Holding, is permitted for up to 350 holes and 124 platforms with specific environmental conditions and monitoring. The initial planned drilling is for 13,000 m in 18 holes including 3 deep holes to satisfy the first two objectives. Drilling is then expected to continue into Q1 2022.
Fernando Porcile, Executive Chairman of Los Andes commented,
“We are excited to advance the Project and to explore the full potential of the Vizcachitas porphyry copper deposit. The engineering planning will be finalized and optimized quickly in the PFS once we complete the next resource update.”
R. Michael Jones, CEO of Los Andes added,
“It is a great pleasure to join the company at a time where a clear world class copper system is being explored by a professional team with decades of local domain experience.”
Initial drilling results are expected to be available in early Q1 2022. The company has also begun discussions with various independent engineering firms for the review and independent confirmations of the detailed work completed towards the PFS. The PFS is expected to be completed at the end of Q1 2022.
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) opened trading at C$10.50 per share.
