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Los Andes Copper Initial Drill Program at Vizcachitas Copper Project in Chile Indicates Large-Scale Potential Beyond the 13 Billion Pound Copper Equivalent Deposit
Vancouver, British Columbia, London, United Kingdom and Santiago, Chile--(Newsfile Corp. - Jun...
About this update from Los Andes Copper Ltd.
[{"type":"text","content":"Los Andes Copper Initial Drill Program at Vizcachitas Copper Project in Chile Indicates Large-Scale Potential Beyond the 13 Billion Pound Copper Equivalent DepositVancouver, British Columbia, London, United Kingdom and Santiago, Chile--(Newsfile Corp. - June 22, 2022) -  Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) (\"Los Andes\", \"LA\" or the \"Company\") is pleased to report continued consistent positive results from recent drilling completed at the 100% owned Vizcachitas Copper Project, located 120 kilometers from Santiago in Chile.Further results from the drill program include a highlight of 404 meters grading 0.41% copper equivalent (0.36% copper, 136 parts per million (\"ppm\") molybdenum and 1.2 grammes per tonne (\"g/t\") silver) in hole CMV 014. The results also include 44 meters grading 0.46% copper equivalent on the southwestern edge of the deposit (0.42% copper, 96 ppm molybdenum and 1.1 g/t silver) in hole CMV 013. Hole 14 was stopped early in phase 1 and is planned to be extended when drilling resumes. The drill results from the completed initial drill campaign have shown that the 1.2 billion tonnes at 0.45% copper equivalent Measured and Indicated Resource has considerable potential to grow both in scale and grade. Operating copper mines in the same area as Vizcachitas are among the largest in the world with resources more than 40 billion pounds of copper. Drilling returned several new continuous intercepts in excess of 850 to 1,100 meters in length above the resource cut-off grade (0.18 % copper equivalent) and a 152-meter intercept of 1% copper equivalent clearly show the potential to continue growing the Vizcachitas resource. The deposit remains open to the east and west. Detailing high-grade near-surface mineralization in the south will be part of the ongoing Pre-Feasibility Study (\"PFS\"), which is in progress. R. Michael Jones, CEO of Los Andes Copper, said, \"The drilling program results, with the new approximately 1km intercepts of copper, clearly points to Vizcachitas becoming the next significant deposit in line for development in a district which hosts three of the largest porphyry copper mines in the world. We are only just now starting to see its full potential.\" Large-scale, advanced copper projects like Vizcachitas are rare and are expected to be in high demand as the copper market heads ...