Recent drilling at the Vizcachitas, in Chile, has continued to expand the advanced copper project, TSX-V-listed Los Andes Copper reported on Monday.
The new results include 331 m grading 0.63% copper-equivalent (0.55% copper, 212 ppm molybdenum and 1.28 g/t silver) in hole CMV 012B on the north-eastern edge of the deposit where almost no prior drilling has been completed.
The results also include 122 m 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 show that the limits of the Vizcachitas porphyry copper deposit still have not been determined. On the east, west and southern areas we have yet to close-off the deposit with drilling. Our recent previously announced results of 152 m of 1% copper equivalent in the south (CMV 009) and the results announced today on the western and eastern sides, show that further drilling is required to determine the full scale of the deposit,” said CEO Michael Jones.
Vizcachitas is a classic porphyry copper deposit in the same setting as some of the biggest copper mines in the world, which surround it to the north and south in Chile.
Current resources, as estimated in the preliminary economic assessment, which will be updated with the new drilling in 2022, are measured resources of 254.4-million tonnes having a grade of 0.489% copper-equivalent and indicated resources of about 1.03-billion tonnes having a grade of 0.442% copper equivalent.
Los Andes would complete the PFS in the fourth quarter, Jones reported.