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Los Andes Copper Ltd. Announces Issuance of Stock Options to Management and Directors
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2020) -  Los Andes Copper Lt...
About this update from Los Andes Copper Ltd.
[{"type":"text","content":"Los Andes Copper Ltd. Announces Issuance of Stock Options to Management and DirectorsVancouver, British Columbia--(Newsfile Corp. - September 24, 2020) -  Los Andes Copper Ltd. (TSXV: LA) (\"Los Andes\" or the \"Company\") announces the issuance of a total of 37,000 options to Directors and management of the Company in accordance with the Company's Stock Option Plan.The options are exercisable at a price of $5.00 and have an expiration date of five years. In line with the progress of the Company's Vizcachitas project, the Board of Directors has granted options to Antony Amberg (Chief Executive Officer), Francis O'Kelly (Director), Ignacio Melero (Director of Corporate Affairs and Sustainability) and Pedro Loch (Controller). Fernando Porcile, Executive Chairman, commented: \"I am encouraged with the progress we are making on the Pre-Feasibility Study at Vizachitas and the results we are receiving from our workstreams. The recent geological and geophysics work has demonstrated evidence of extensions to the known mineralisation, which is particularly positive. This data will be used to determine targets for the planned drilling campaign. \"Also, over the first half of this year the team worked hard to deliver an update on the ongoing work that determined some of the significant changes that can be implemented, and could potentially enhance the project's economics, reduce water consumption, lower energy consumption, and increase operational flexibility. \"Work continues to advance on a number of other areas of the Pre-Feasibility Study, of which I look forward to updating the market on.\"About Los Andes Copper Ltd.Los Andes Copper Ltd. is a development company with a 100% interest in the Vizcachitas project in Chile (\"Vizcachitas\" or the \"Project\"). The Company is focused on progressing the Project, which is located along Chile's most prolific copper belt, into production.Vizcachitas is a copper-molybdenum porphyry deposit, located 120 km north of Santiago, in an area of good infrastructure. The Preliminary Economic Assessment (\"PEA\"), delivered in June 2019, highlights that the Project has a post-tax NPV of USD$1.8 billion and an IRR of 20.77%, based on a USD$3 per pound copper price. The Project has a Measured Resource of 254.4 million tonnes at a grade of 0.439% copper and an Indicated Resource of approximately 1.03 bi...