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Los Andes Copper Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - March 29, 2022) - Los Andes Copper Ltd. ( TSXV:...
About this update from Los Andes Copper Ltd.
[{"type":"text","content":"Los Andes Copper Corporate UpdateVancouver, British Columbia--(Newsfile Corp. - March 29, 2022) - Los Andes Copper Ltd. ( TSXV: LA) (OTCQX: LSANF) (\"Los Andes\" or the \"Company\") provides the following update on its Vizcachitas Copper project in Chile and provides corporate milestones for 2022.Summary Milestones -Report assay results from the completed 8,297 meters of drilling April to June 2022 -Updated Resource Estimation including 2022 drilling results  August 2022 -Continued drilling operations, provided injunction is lifted  Q3 2022 -Completion of a Pre-Feasibility Study (\"PFS\")  Q4 2022 R. Michael Jones, CEO, said: \"We have sufficient new drill intercepts completed that a resource update is warranted as soon as the assays are in, and we can finalize an updated mine plan and the Pre-Feasibility Study in the next few months There is further resource potential from additional step out drilling which is planned for a further 10,000 meters.\"The Company estimates that the current resource and additional intercepts are sufficient for a full PFS mine plan. The Company's plan is to resume drilling as soon as possible since a number of areas are not closed off. A request to lift the injunction for drilling to stop (announced recently) is being prepared. DetailsLos Andes Copper has completed 8,297 meters of diamond drilling and has reported the results for the first hole, CMV-001B, of 1,177 meters of 0.50% copper equivalent near the northwest edge of the deposit. Two further holes have been completed approximately 100 meters west and 200 meters west of the CMV-001B intersection. A total of 4,221 meters in 5 holes are sampled and awaiting assay results and a further 2,811 meters of drilling from 5 holes are in the logging and sampling process. Results are expected to become available in the coming weeks. Los Andes Copper sees significant exploration potential at Vizcachitas and believes that further drilling to define the full potential of the property will benefit all stakeholders. Considerable work has been completed over the past two years towards a PFS, including updates in metallurgy and engineering designs, capital and operating cost estimates. The final parts of the PFS are the updated resource model and the mine plans. The completed drilling will allow for this...