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LOS ANDES COPPER

Publié le 17 décembre 2007

Intersects 353.2 metres grading 0.59% and 66 metres grading 0.95% Copper Equivalent at the

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Los Andes intersects 353.2 metres grading 0.59% and 66 metres grading 0.95% Copper Equivalent at the Vizcachitas Copper-Molybdenum Project

December 17, 2007

Vancouver, BC – Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX Venture Exchange: LA) announces results from a further five holes of the phase II drilling program at the Vizcachitas Project in Chile. All five holes encountered significant mineralization, the highlights of which include: 353.2 metres grading 0.52% Cu and 0.011% Mo (0.59% CuEq.*) that included 0.71% Cu and 0.012% Mo (0.79% CuEq.*) over 54 metres in hole LAV-91, 403.7 metres grading 0.42% Cu that included 0.70% Cu over 36 metres in hole LAV-90 and 430 metres grading 0.03% Mo that included 0.057% Mo over 104 metres in hole LAV-93.

Highlights from all five holes are listed 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
(%)

CuEq *
%

LAV-89

254.05

-75

290

27

254

227

0.44

0.024

0.60

including

 

 

 

34

126

92

0.70

0.023

0.85

including

 

 

 

34

100

66

0.81

0.021

0.95

including

 

 

 

36

74

38

0.88

0.021

1.02

 

 

 

 

 

 

 

 

 

 

LAV-90

412

-75

290

8.3

412

403.7

0.42

0.005

na

including

 

 

 

16

94

78

0.55

0.004

na

including

 

 

 

32

68

36

0.70

0.003

na

and

 

 

 

174

412

238

0.46

0.006

na

including

 

 

 

308

412

104

0.58

0.004

na

 

 

 

 

 

 

 

 

 

 

LAV-91

362

-70

290

8.8

362

353.2

0.52

0.011

0.59

including

 

 

 

64

362

298

0.58

0.012

0.66

including

 

 

 

68

192

124

0.65

0.019

0.78

including

 

 

 

68

122

54

0.71

0.012

0.79

 

 

 

 

 

 

 

 

 

 

LAV-92

250

-85

110

64.2

250

185.8

0.35

0.014

0.45

including

 

 

 

118

200

82

0.47

0.014

0.57

including

 

 

 

172

200

28

0.61

0.020

0.75

 

 

 

 

 

 

 

 

 

 

LAV-93

478

-70

290

48

478

430

0.30

0.030

0.50

including

 

 

 

88

212

124

0.49

0.018

0.61

and

 

 

 

266

370

104

0.30

0.057

0.68

 (*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 CuEq% =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%).

Roger Moss, President and CEO of Los Andes Copper commented as follows: “We are very encouraged by the continued success of the drilling at Vizcachitas, and especially by the higher grade mineralization that we continue to intersect in the southwest portion of the drilled area.”

Discussion of Results

LAV-89 was drilled on Section 1100NE and intersected moderately quartz-sericite altered breccia to 47.1 metres and granodiorite between 47.1 metres and the end of the hole. The zone of higher grade mineralization outlined in LAV-68, LAV-72 and LAV-82, is now extended 100 metres to the northwest by the intersection of 92 metres grading 0.70% Cu and 0.023% Mo (0.85% CuEq.) including 0.88% Cu and 0.021% Mo (1.02% CuEq.) over 38 metres in this hole.

LAV-90 was drilled 200 metres to the northwest of LAV-89 and intersected variably altered andesite to 270 metres followed by weakly altered tonalite and granodiorite to the end of the hole. This hole also intersected a higher grade interval grading 0.70% Cu over 30 metres between 32 and 36 metres.

LAV-91 was drilled on Section 1200NE and intersected mostly granodiorite with weak quartz-sericite alteration overprinting weak biotite alteration. The hole was well mineralized along its entire length and also intersected a higher grade interval grading 0.71% Cu and 0.012% Mo (0.79% CuEq.*) over 54 metres.

LAV-92 was drilled on Section 900NE and intersected granodiorite to 81.45 metres followed by alternating diorite and andesite to the end of the hole.

LAV-93 was drilled on Section 1300NE and intersected andesite to 236 metres followed by alternating granodiorite and tonalite with another andesite interval between 294 and 356 metres. This hole also produced one of the best molybdenum intersections so far in the recent drilling programs grading 0.057% Mo over 104 metres.

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.  At a 0.4% cutoff, indicated resources total 144 million tonnes grading 0.52% copper and 0.015% molybdenum and inferred resources total 211 million tonnes grading 0.46% copper and 0.016% molybdenum 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.

 

LOS ANDES COPPER

EXPLORATEUR
CODE : LA.V
ISIN : CA5443121010
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LOS ANDES COPPER est une société d’exploration minière de cuivre basée au Canada.

LOS ANDES COPPER détient divers projets d'exploration au Chili.

Son principal projet en exploration est VIZCACHITAS au Chili.

LOS ANDES COPPER est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,7 milliards CA$ (2,0 milliards US$, 1,8 milliards €).

La valeur de son action a atteint son plus bas niveau récent le 21 novembre 2008 à 0,03 CA$, et son plus haut niveau récent le 26 avril 2024 à 10,90 CA$.

LOS ANDES COPPER possède 244 860 000 actions en circulation.

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27/01/2009Announces Restatement of 2007 Financial Statements
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