| Announcement Date: | 2022-05-30 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Los Andes Copper Ltd. |
| Project name: | Vizcachitas |
| Location: | Chile |
| Commodities: | Silver,Copper,Molybdenum |
| Highlight: | Drilling results incl. 861.2m @ 0.34% Cu, 133ppm Mo, 0.86g/t Ag from 29.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia, London, UK and Santiago, Chile (May 30, 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 Vizcachitas Copper Project in Chile. The new results include 331 meters grading 0.63% Copper Equivalent (0.55 % Copper, 212 ppm Molybdenum and 1.28 g/t Silver) in hole CMV 012B on the northeastern edge of the deposit where almost no prior drilling has been completed. The results also include 122 meters grading 0.59% Copper Equivalent on the western edge of the deposit (0.55 % Copper, 223 ppm Molybdenum and 1.72 g/t Silver) in hole CMV 011. The drill results continue to expand a Tier 1 large, advanced copper deposit, with a PreFeasibility Study (“PFS”) in progress, in a copper market with few development projects in the pipeline and a multi-million tonne supply deficit looming. Projects like Vizcachitas are expected to be in high demand by copper producers as they advance towards the development stage to help fill the supply gap. |
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