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Los Andes Copper Ltd. Receives Environmental Approval by Regional Environmental Committee for Upcoming Drilling Campaign at Vizcachitas
Vancouver, British Columbia--(Newsfile Corp. - April 30, 2021) - Los Andes Copper Ltd. (TSXV: ...
About this update from Los Andes Copper Ltd.
[{"type":"text","content":"Los Andes Copper Ltd. Receives Environmental Approval by Regional Environmental Committee for Upcoming Drilling Campaign at VizcachitasVancouver, British Columbia--(Newsfile Corp. - April 30, 2021) - Los Andes Copper Ltd. (TSXV: LA) (\"Los Andes\" or the \"Company\", TSX Venture Exchange: LA) is pleased to announce that it has received unanimous approval from the Regional Environmental Committee (Comision de Evaluacion Ambiental) for drilling to be carried out at the Company's Vizcachitas Project (\"Vizcachitas\" or the \"Project\").The Regional Environmental Committee unanimously approved the drilling permit application submitted by Compañia Minera Vizcachitas Holding, the wholly-owned subsidiary of Los Andes that owns the Vizcachitas Project. This approval allows the Company to drill up to 350 holes on up to 124 platforms over the next four years, if required. The Company will now be able carry out the drilling to complete the PFS. The proposed workplan includes infill drilling within the PFS open pit, drilling to extend the higher-grade mineralisation to the north of the Preliminary Economic Assessment pit, and to test the prospective geophysical targets identified in 2020.Fernando Porcile, Executive Chairman, commented: \"We are delighted with the unanimous approval received to carry out drilling at Vizcachitas. This decision is of particular significance as the drilling allows the Company to complete the on going PFS. \"As we continue to progress on delivering a robust PFS, we look forward to sharing positive updates in the coming months.\"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 billion tonnes at a grade of 0.385% copper...