Los Andes Announces Drill Program Approval

Los Andes Copper Ltd. (TSXV:LA) announced a 5,000 meter drill  program has been approved for its Vizcachitas copper-molybdenum project in Chile. The total budget including Chilean added value tax is approximately US$2.3 million.

According to the press release, the program includes:

• Testing the high grade extension within the San Jose mining claim area
• Updating the resource estimate for potential conversion of some of the Inferred Resources to Indicated Resources
• Preparing an optimized Preliminary Economic Assessment that considers a phased operation ramp up with significantly lower initial capital expenditures and cost-saving synergies with the Company’s hydroelectric project
• Evaluating planned locations for mine infrastructure and process plant to identify possible cost savings
• Silver assaying, to be conducted for the first time following up on the presence of silver identified in metallurgical samples
• Metallurgical testing for optimization of copper recoveries
• Investigating the 17% negative bias identified for prior molybdenum assays, with a potential re-assaying of previous samples and revised molybdenum grade

Click here to read the full Los Andes Copper Ltd. (TSXV:LA) press release.