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Los Andes Copper Announces the Largest 1% Copper Equivalent Intercept to Date at Vizcachitas Copper Project, Chile
152m Grading 1% Copper Equivalent Included in 387 m at 0.56% Copper Equivalent Additio...
About this update from Los Andes Copper Ltd.
[{"type":"text","content":"Los Andes Copper Announces the Largest 1% Copper Equivalent Intercept to Date at Vizcachitas Copper Project, Chile152m Grading 1% Copper Equivalent Included in 387 m at 0.56% Copper EquivalentAdditionally, 377 m at 0.31% Copper EquivalentVancouver, British Columbia, London, United Kingdom and Santiago, Chile--(Newsfile Corp. - May 16, 2022) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) (\"Los Andes\", \"LA\" or the \"Company\") reports further excellent results from drilling completed at the Vizcachitas Copper Project in Chile. Hole CMV-009 located near the southern edge of the current resources has returned results from 93.2 meters to 480.35 meters with a copper equivalent grade of 0.56 %, including 0.53 % copper, 62 parts per million (\"ppm\") molybdenum and 1.5 grammes per tonne (\"g/t\") silver. Included in this intercept is an interval from 108 meters to 260 meters, of 152 meters grading 1.00% copper equivalent. Further drilling is planned to outline this area in detail. Hole CMV-010 located near the western edge of the previous resource model returned assay results from 430.0 meters to 807.3 meters, with 377.3 meters of 0.31 % copper equivalent. This result will be incorporated into the new resource assessment for the Pre-Feasibility Study (\"PFS\") targeted for the fourth quarter 2022. R. Michael Jones, CEO of Los Andes, comments that \"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.\"The drilling results indicate that the limits and the center of the Vizcachitas Porphyry Copper deposit are not yet known. A further 3,300 meters of sampled core are awaiting assay results at this time. Milestones for the Company include further drilling assay results in the weeks ahead and completion of the PFS in the fourth quarter of 2022. Vizcachitas rep...