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Los Andes Copper Ltd. Announces Drilling Program for the Vizcachitas Porphyry Copper-Molybdenum Deposit
Los Andes Copper Ltd. Announces Drilling Program for the Vizcachitas Porphyry Copper-Molybdenum Deposit.
About this update from Los Andes Copper Ltd.
[{"type":"text","content":"\n\n\n\nLA:TSX-V\n\n\nVANCOUVER, May 15 /CNW/ - Los Andes Copper Ltd. (TSX Venture Exchange:\nLA) announces drilling program for the Vizcachitas porphyry copper-molybdenum\ndeposit.\n\n\nLos Andes Copper Ltd. is pleased to announce that the Board of Directors\nhas approved a 5,000 metre drilling program for the Vizcachitas porphyry\ncopper-molybdenum property in Chile. The property is located in the province\nof San Felipe, Region V, Chile, an area of low elevation with excellent\ninfrastructure, including water and power. A.C.A. Howe International Limited\ndescribed NI43-101 compliant mineral resources for the Property in a technical\nreport dated February 7, 2007. The resource calculation was based on 68 drill\nholes for a total of 18,300 metres. Results showed an indicated resource of\n144 million tonnes grading 0.52% copper and 0.015% molybdenum and an inferred\nresource of 211 million tonnes grading 0.46% copper and 0.016% molybdenum at a\n0.40% copper cutoff.\n\n\nThe aim of the drilling is threefold: to confirm the historical drilling\ncarried out in the 1990s; to upgrade inferred resources to the indicated\ncategory; and to test for extensions of the known mineralization to the south\nand east. The drilling program, the first on the property since the 1990s, is\nexpected to begin in June.\n\n\nThe Company also announces that Mr. Michael Kuta has resigned as a\ndirector of the Company, and that Mr. Frank O'Kelly is being appointed a\ndirector in Mr. Kuta's place. Mr. Kuta will remain as the Corporate Secretary\nof the Company. Mr. O'Kelly, BSc (hons) RSMA, FIMM, AMICE C.Eng, is a graduate\nof the Royal School of Mines, London. He has worked in metalliferous mining\nthroughout the Americas, having previously been employed by Exxon, Anaconda\nand Rosario Mining Co. He also has served as an officer of JP Morgan and a\npartner of Elders Resource Finance and acted in the capacity of a director of\nGlamis Gold, Alamos Gold, Northgate, Campbell Mines and Rayrock Resources. Mr.\nO'Kelly currently is an independent financial and technical consultant based\nin Santiago, Chile.\n\n\nIn addition, Dr. Klaus Zeitler has been appointed Chairman of the\nCompany.\n\n\nThe 770,000 existing stock options granted pursuant to the Company' stock\noption plan prior to May 9, 2007 have now expired.\n\n\nThe Board of Directors of the Company has ...