LOS ANDES COPPER

Published : February 05th, 2009

Final Drilling Results From The 2008 Program At Vizcachitas

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Chile | Copper | Crisis | Diamond | El Teniente | Molybdenum | Water |

Los Andes Copper Announces Final Drilling Results From The 2008 Program At Vizcachitas

February 5, 2009

Vancouver, BC � Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX Venture Exchange: LA) announces results from the last eight holes of the 2008 drilling program at the Vizcachitas Project in Chile.

Highlights of the results include Hole LAV-138 that intersected 0.40% Cu and 0.010% Mo (0.47% Cu eq.(1) ) over 145.15 metres, including 0.55% Cu and 0.012% Mo (0.63% Cu eq.(1) ) over 26 metres and Hole LAV-139 that intersected 0.45% Cu and 0.018% Mo (0.57% Cu eq.(1) ) over 62 metres, including 0.53% Cu and 0.011% Mo (0.60 Cu eq. (1) ) over 12 metres.

A summary of results from the eight holes is given in the table below. Drill hole location maps and sections can be viewed at the Los Andes website www.losandescopper.com ..

Hole
ID

Total
Depth  (m)

Inclination

Azimuth

From
(m)

To
(m)

interval
(m)

CuT
(%)

Mo
(%)

Cu
eq %(1)

 

 

 

 

 

 

 

 

 

 

LAV-134A

250

-70

290

nsv

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LAV-135A

249

-75

290

28.7

249

220.3

0.27

0.006

na

including

 

 

 

28.7

108

79.3

0.36

0.004

na

including

 

 

 

28.7

72

43.3

0.40

0.004

na

 

 

 

 

 

 

 

 

 

 

LAV-136

200

-70

290

nsv

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LAV-137

250

-70

290

9

250

241

0.18

0.002

na

including

 

 

 

9

28

19

0.40

0.001

na

 

 

 

 

 

 

 

 

 

 

LAV-138

352

-70

290

75.85

352

273.15

0.33

0.011

0.40

including

 

 

 

78.85

224

145.15

0.40

0.010

0.47

including

 

 

 

100

126

26

0.55

0.012

0.63

 

 

 

 

 

 

 

 

 

 

LAV-139

351

-80

285

68

351

283

0.28

0.018

0.40

including

 

 

 

210

351

141

0.37

0.018

0.49

including

 

 

 

210

272

62

0.45

0.018

0.57

including

 

 

 

210

222

12

0.53

0.011

0.60

and

 

 

 

332

351

19

0.41

0.028

0.60

 

 

 

 

 

 

 

 

 

 

LAV-140

401.6

-70

285

23

401.6

378.6

0.32

0.004

na

including

 

 

 

40

100

60

0.38

0.005

na

and

 

 

 

222

294

72

0.46

0.006

na

including

 

 

 

222

270

48

0.50

0.006

na

and

 

 

 

334

352

18

0.40

0.004

na

 

 

 

 

 

 

 

 

 

 

LAV-141

435

-65

285

31.2

435

403.8

0.30

0.007

na

including

 

 

 

34

140

106

0.36

0.011

0.43

including

 

 

 

100

140

40

0.44

0.008

na

and

 

 

 

198

272

74

0.38

0.009

na

and

 

 

 

348

424

76

0.35

0.002

na

 

 

 

 

 

 

 

 

 

 

LAV-142

218

-70

285

nsv

 

 

 

 

 

                   

(1) Copper equivalent is calculated for Mo values greater than 0.01% using US$1.50/lb Cu and US$10.00/lb Mo according to the formula Cu eq% =Cu% + (Mo% x 10.00/1.50) and is not adjusted for metallurgical recoveries or net smelter return which remain uncertain and are assumed to be 100%).

Holes LAV-134A, LAV-136 and LAV-137 were drilled on Section 700NE, along the southernmost extent of mineralization identified to date. LAV-134A and LAV-136 intersected variably altered andesite and diorite porphyry containing weak mineralization. LAV-137 intersected porphyritic andesite with two intervals of sulphide breccias. Near surface copper values are associated with the presence of chalcocite.

Hole LAV-135A was drilled on Section 1200NE and intersected mainly alternating granodiorite and tonalite containing weak to moderate chalcocite in the uppermost 170 metres.

LAV-138 was drilled on Section 1300NE and intersected alternating granodiorite, tonalite and andesite. The presence of chalcocite contributed to the interval intersected between 100 and 126 metres that graded 0.55% Cu and 0.012% Mo (0.63% Cu eq.(1) ).

LAV-139 was drilled on Section 900NE and intersected mixed andesite, granodiorite and tonalite. The presence of bornite between 210 and 222 meters gave rise to the intersection grading 0.53% Cu and 0.011% Mo (0.60% Cu eq.(1) ).

LAV-140 was drilled on Section 800NE and intersected alternating andesite and tonalite containing variable chalcopyrite and pyrite.

LAV-141 was drilled on Section 1000NE and intersected brecciated and porphyritic andesite cross-cut by dacite dykes. The interval grading 0.44% Cu between 100 and 140 meters contains bornite, in addition to chalcocite, chalcopyrite and pyrite.

LAV-142 was drilled on Section 600NE and represents the southernmost hole drilled at Vizcachitas. While the hole did not return significant copper values, the presence of moderate biotite-magnetite and quartz-sericite alteration in the andesite, together with the presence of pyrite throughout the hole, indicates that the Vizcachitas hydrothermal system continues this far south.

Results of the 2007-2008 drilling program contributed to an increase in resources at Vizcachitas which was announced in July 2008 (see news release dated July 16, 2008). The current NI 43-101 compliant resource includes indicated resources of  515 million tonnes (�MT�) grading 0.39% CuT and 0.011% Mo (0.46% Cu eq. (1) ) containing 4.43  billion pounds (�lbs�) copper and 125  million lbs molybdenum, and Inferred Resources of 572 MT grading 0.34% CuT and 0.012% Mo (0.41% Cu eq. (1) ) containing 4.29  billion lbs copper and 151  million lbs molybdenum at a cutoff of 0.3% Cu eq.  (1) .. This estimate does not include 5,177.5 metres of drilling in 19 holes completed subsequent to the cutoff date for the resource calculation.

As previously announced, Los Andes has suspended drilling operations at the Vizcachitas project in order to preserve capital. The project will be advanced by lower cost metallurgical, environmental and geotechnical studies for the duration of the global financial crisis.

Roger Moss, Ph.D., P.Geo, is the qualified person as defined by National Instrument 43-101 for the Vizcachitas Project. Logging, sampling and splitting of the drill core is conducted at the Vizcachitas site by independent consultants Geologica LTDA. under the direct supervision of geologist Ramon Fam. Samples are securely transported by Geologica staff to the SGS Laboratory in Santiago Chile and analyzed for copper and molybdenum by atomic absorption following a three acid digestion. Dr. Moss and Mr. Fam have visited the laboratory and are satisfied that the sample preparation and analytical procedure is consistent with standard industry practice. Los Andes routinely inserts standards, duplicates and blanks into the sample stream and sends 5% of sample rejects to Actlabs for check analysis.

About Vizcachitas

The Vizcachitas Project offers potential for a low strip, open pit operation in an area of low elevation with excellent infrastructure, including water and power in central Chile. The Vizcachitas deposit occurs in the same metallogenic belt as the giant copper-molybdenum porphyries Rio Blanco-Los Bronces, Los Pelambres and El Teniente. Based on 35,255 metres of drilling in 130 Diamond drill holes, the project contains an indicated resource of 515 million tonnes grading 0.39% copper and 0.011% molybdenum and an inferred resource of 572 million tonnes grading 0.34% copper and 0.012% molybdenum at a 0.30% copper equivalent cutoff. Additional information about the Vizcachitas Project is available in the National Instrument 43-101 Technical Report prepared by AMEC and filed by the Company on SEDAR on August 29 2008, and on our website at www.losandescopper.com ..

For more information please contact:

Michael Kuta, Corporate Secretary
Tel: 604-697-6201

or

Roger Moss, President                                     
Tel: 416-516-6050

E-Mail: info@losandescopper.com   or visit our website at: www.losandescopper.com  

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.    

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

<
Data and Statistics for these countries : Chile | All
Gold and Silver Prices for these countries : Chile | All

LOS ANDES COPPER

EXPLORATION STAGE
CODE : LA.V
ISIN : CA5443121010
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

LOS ANDES COPPER is a copper exploration company based in Canada.

LOS ANDES COPPER holds various exploration projects in Chile.

Its main exploration property is VIZCACHITAS in Chile.

LOS ANDES COPPER is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.6 billions as of today (US$ 1.9 billions, € 1.8 billions).

Its stock quote reached its lowest recent point on November 21, 2008 at CA$ 0.03, and its highest recent level on April 25, 2024 at CA$ 10.60.

LOS ANDES COPPER has 244 860 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of LOS ANDES COPPER
4/11/2019After legal battle, Los Andes Copper's past drilling campaig...
Financings of LOS ANDES COPPER
8/22/2008Announces Completion of $7.5 Million Private Placement
7/23/2008Announces $7.5 Million Private Placement To Fund Ongoing Exp...
1/14/2008 Announces Completion of $500,000 Private Placement
12/19/2007Announces Private Placement of 1,000,000 Units
11/26/2007 Announces Completion of its $6 Million Private Placement pl...
Option Grants of LOS ANDES COPPER
4/30/2008 Announces Issuance of Stock Options
12/3/2007Announces Issuance of Stock Options
Project news of LOS ANDES COPPER
5/15/2013(Vizcachitas)Engages Coffey Mining and Alquimia Conceptos S.A. for Vizcac...
2/5/2009(Vizcachitas)Final Drilling Results From The 2008 Program At Vizcachitas
8/6/2008(Vizcachitas)Intersects 26 metres grading 0.95% Cu and 0.02% Mo (1.08% C...
7/16/2008(Vizcachitas)Reports Significant Increase of Indicated Resources in an Up...
6/26/2008(Vizcachitas)Appoints AMEC to Conduct a Scoping Study on the Vizcachitas ...
6/13/2008(Vizcachitas)MINING FLASH: Los Andes Copper Ltd. (LA-V) - Vizcachitas Con...
6/12/2008(Vizcachitas)Intersects 138 metres grading 0.71% Cu equivalent within 65...
5/14/2008(Vizcachitas)Extends Vizcachitas Mineralization Eastwards
4/2/2008(Vizcachitas)Intersects 0.57% Cu Over 218 Metres
3/27/2008(Vizcachitas)Completes Acquisition of Consumptive Water Rights for Vizcac...
2/27/2008 Intersects 0.41% Cu Over 432 Metres
1/25/2008(Vizcachitas)Acquire Consumptive Water Rights for Vizcachitas
12/17/2007(Vizcachitas)Intersects 353.2 metres grading 0.59% and 66 metres grading ...
10/2/2007Los Andes Intersects 220 Metres Grading 0.52% Cu and 0.015% ...
8/23/2007Intersects 240 Metres Grading 0.40% Cu and 0.017% Mo at Vizc...
Corporate news of LOS ANDES COPPER
4/1/2016Los Andes Announces The Final Assay Results From The 2015-20...
10/23/2015Los Andes Announces Extension Of Current Private Placement O...
10/5/2015Los Andes Announces First Tranche Closing
9/10/2015Los Andes To Raise Approximately $2.3 Million
9/1/2015Los Andes Announces Grant Of Stock Options
12/24/2014Los Andes To Raise Approximately $2.1 Million
6/17/2014Los Andes Announces Hydroelectric Project Development Agreem...
8/22/2013Announces Acquisition of Water Rights and Hydroelectric Proj...
3/1/2011Announces a Private Placement for Up to $935,000
1/27/2009Announces Restatement of 2007 Financial Statements
1/16/2009announces Agreement for Restructuring of Option Payments
6/13/2008Cambridge House Invite
11/29/2007Be featured on CEO Clips on The Biography Channel
10/30/2007Drills 324.5 metres grading 0.45% Cu and 0.011% Mo at the Vi...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (LA.V)OTHER OTC (LSANF)
10.60-0.56%7.36-5.64%
TSX-V
CA$ 10.60
04/25 11:21 -0.060
-0.56%
Prev close Open
10.66 10.65
Low High
10.60 10.65
Year l/h YTD var.
10.15 -  13.00 -13.47%
52 week l/h 52 week var.
9.53 -  19.00 -12.03%
Volume 1 month var.
2,500 -1.40%
24hGold TrendPower© : 21
Produces
Develops
Explores for Copper - Molybdenum
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/7/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2024-4.93%
2023-15.53%19.1010.20
202216.71%17.7311.00
202161.57%9.9910.00
20201650.00%7.500.20
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75+0.52%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 11.62+6.41%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.55-0.91%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.48+4.20%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 15.48+1.01%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+7.34%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 51.78-0.61%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :