Los Andes Initiates Work Program for Vizcachitas Project
TSX VENTURE: LA
Vancouver, British Columbia--(Newsfile Corp. - March 24, 2017) - Los Andes Copper Ltd. (TSXV: LA) ("Los Andes", or the "Company") is pleased to announce that the Company has initiated the work program, including a drilling campaign, for its 100% owned Vizcachitas porphyry copper-molybdenum project located in Region V, Chile.
Work Program - Drilling Campaign
The drilling camping is expected to include approximately 10,000 metres of diamond drilling, in the higher grade central core of the deposit. The objectives of the drilling program are:
- Test extensions of new geological model
- Delineate early diorite porphyry and hydrothermal breccias
- Deeper drilling in high grade area
- Converting of inferred resource to indicated
- Drilling extensions within PEA pit area
- Drill testing extensions to mineralization within 1km of current deposit
- Evaluating silver content and distribution
- Provide samples for metallurgical testing
Work Program — Additional Activities
In addition to the drilling campaign, the work program includes:
- Reprocessing historical pulp samples to create silver model and revise molybdenum grades
- Mapping of alterations north of current mineralized area
- Updating resource model
- Preparing optimized PEA
We expect the drilling campaign to last 3-4 months, with the final assay results being completed during the third quarter of 2017. The remainder of the work program is expected to be completed by the end of 2017.
The Vizcachitas Project offers potential for a low strip, open pit operation in an area of low elevation with excellent infrastructure in central Chile. On February 18, 2014, the Company filed a National Instrument 43-101 Preliminary Economic Assessment prepared by Coffey Consultoria Y Servicios Spa (Coffey) and Alquimia Conceptos S.A. (PEA). Based on 40,383 metres of drilling at the time, using a 0.30% copper equivalent cut-off, the project contains an indicated resource of 1,038 million tonnes grading 0.434% copper equivalent and an inferred resource of 318 million tonnes grading 0.405% copper equivalent. Using a 0.40% copper equivalent cut-off, the project contains an indicated resource of 566 million tonnes grading 0.501% copper equivalent and an inferred resource of 130 million tonnes grading 0.488% copper equivalent.
Mr. Antony Amberg is the Qualified Person who has read and approved the technical disclosure in this news release.
Additional information about the Vizcachitas Project is available on our website at www.losandescopper.com.