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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.
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.
LA:CA