LOS ANDES COPPER

Published : June 12th, 2008

Intersects 138 metres grading 0.71% Cu equivalent within 653.2 metres grading 0.43% Cu equivalent

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

http://admin.blendermedia.com/staging/losandescopper.com/_resources/email/email_left.jpg

http://admin.blendermedia.com/staging/losandescopper.com/_resources/email/email_banner_top.jpg

Los Andes Copper Intersects 138 metres grading 0.71% Cu equivalent within 653.2 metres grading 0.43% Cu equivalent

June 12, 2008

Vancouver, BC � Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX Venture Exchange: LA) announces results from the latest four holes of the phase II drilling program currently underway at the Vizcachitas Project in Chile.

Highlights of the results include Hole LAV-124 that intersected 0.34% Cu and 0.014% Mo (0.43% Cu eq.*) over 653.2 metres, including an 88 metre intersection grading 0.65% Cu and 0.016% Mo (0.76% Cu eq.*), Hole LAV-123 that intersected 0.49% Cu and 0.01 % Mo (0.56% Cu eq.*) over 234 metres including 0.60% Cu over 38 metres and LAV-120 that intersected 0.44% Cu and 0.013% Mo (0.53% Cu eq.*) over 183 metres including 0.69% Cu and 0.01% Mo (0.76% Cu eq.*) over 16 metres.

LAV-120 and 124 were drilled on section 1000NE on the east side of the Rocin River. The highest grade mineralization in these holes occurs in biotite�magnetite altered breccia and porphyritic andesite containing chalcopyrite and minor chalcocite. These two holes also include higher than normal molybdenum values. LAV-120 intersected 0.027% Mo over 42 metres , and  LAV-124 intersected 0.03% Mo over 126 metres including 74 metres grading 0.038% Mo.

LAV-123 was drilled on section 1100NE approximately 100 metres north of Hole LAV-120. A higher grade near surface interval occurs in biotite-magnetite altered porphyritic andesite containing chalcocite, covellite and traces of native copper in addition to chalcopyrite. This hole was stopped at 270 metres, despite grading 0.73% Cu over the last 12 metres , because of very high water pressure in the hole. The depth extent of this higher grade interval will be tested in a future hole.

Higher grade intervals in Holes LAV-120, 123 and 124 are consistent with higher grades intersected in other holes in this area, including: previously announced intervals of 90 metres grading 0.60% Cu and 0.013% Mo (0.69% Cu eq.*) in Hole LAV-81, 68 metres grading 0.50% Cu and 0.026% Mo (0.67% Cu eq.*) in LAV-109 and intervals from historical holes of 111.75 metres grading 0.64% Cu and 0.012% Mo (0.72% Cu eq.*) in V-32 and 55.06 metres grading 0.60% Cu and 0.012%Mo (0.68% Cu eq.*) in hole V-47.

LAV-122 was drilled on section 800NE on the west side of the Rocin River. Copper mineralization consisting of chalcopyrite and chalcocite with traces of bornite, is associated with weakly altered porphyritic andesite.

A summary of results from the four 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 %*

LAV-120

450

-67

110

48

450

402

0.34

0.009

na

including

 

 

 

48

230

183

0.44

0.013

0.53

including

 

 

 

48

168

120

0.45

0.016

0.56

including

 

 

 

48

68

20

0.54

0.010

0.61

and

 

 

 

152

168

16

0.69

0.010

0.76

 

 

 

 

 

 

 

 

 

 

LAV-121

85.85

-80

110

Abandoned due to wall collapse

 

 

 

 

 

 

 

 

 

 

LAV-122

250

-70

290

42

250

208

0.22

0.001

na

 

 

 

 

42

98

56

0.34

0.002

na

 

 

 

 

64

80

16

0.42

0.001

na

 

 

 

 

 

 

 

 

 

 

LAV-123

270

-82

110

36

270

234

0.49

0.010

0.56

including

 

 

 

258

270

12

0.73

0.006

na

and

 

 

 

36

108

72

0.56

0.012

0.64

including

 

 

 

44

82

38

0.60

0.009

na

including

 

 

 

46

62

16

0.66

0.010

0.73

 

 

 

 

 

 

 

 

 

 

LAV-124

717.2

-75

110

64

717.2

653.2

0.34

0.014

0.43

including

 

 

 

194

568

374

0.42

0.019

0.55

including

 

 

 

238

376

138

0.60

0.016

0.71

including

 

 

 

238

326

88

0.65

0.016

0.76

including

 

 

 

264

298

34

0.71

0.015

0.81

including

 

 

 

286

298

12

0.77

0.013

0.86

 (*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%).

Based on drilling to date, the Vizcachitas mineralization remains open to the south, east and at depth and drilling continues in order to define the limits of the mineralization. An updated resource calculation is currently underway, and a scoping study/initial economic assessment will begin in mid June, with results anticipated in September.

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 large copper-molybdenum porphyries Rio Blanco-Los Bronces, Los Pelambres-El Pachon and El Teniente. Based on 68 drill holes previously completed by General Minerals Corporation and Placer Dome, the project contains an indicated resource of 232 million tonnes grading 0.46% copper and 0.014% molybdenum and an inferred resource of 619 million tonnes grading 0.38% copper and 0.013% molybdenum at a 0.30% copper cutoff  as detailed in the NI43-101 compliant technical report of A.C.A. Howe International Limited dated February 7, 2007. The technical report, as well as additional information about the Vizcachitas Project is available 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.

http://admin.blendermedia.com/staging/losandescopper.com/_resources/email/email_right.jpg

http://dissemination.blendermedia.com:81/db/23611/735315/1.gif

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%7.75-0.67%
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 -13.11%
Volume 1 month var.
2,500 -0.935%
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$ 11.94+9.34%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 0.54-2.55%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$ 2.69+13.03%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$ 15.60+1.83%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$ 1.87+5.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.61+0.98%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 :