LOS ANDES ENGAGES COFFEY MINING AND ALQUIMIA CONCEPTOS S.A. FOR VIZCACHITAS DEPOSIT PRELIMINARY ECONOMIC ASSESSMENT
May 15, 2013
Vancouver, BC – Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX Venture Exchange: LA) is pleased to announce that it has engaged Coffey Mining and Alquimia Conceptos S.A. (“Alquimia”) to complete a preliminary economic assessment (“PEA”) on the Vizcachitas project located approximately 130 km northeast of Santiago, Chile in the Rio Rocin Valley. Work on the PEA has commenced and is planned for completion by July, 2013.
Coffey Mining (“Coffey”) has more than 50 years of experience supplying specialist mining consulting services to the international mining industry. Coffey provides consulting and operational support and optimization services, due diligence, independent reports and a range of technical audits and studies, and is supported by a network of offices throughout the Americas, Africa, Asia Pacific, Europe and the Middle East. Alquimia is is a multidisciplinary consulting and engineering company for mining projects, specialized in mining and metallurgical processes, that has conducted over 250 projects, both nationally and internationally.
The NI 43-101 Preliminary Economic Assessment review provided by Coffey/Alquimia will include an updated independent resource estimate that includes the additional 5000m of drilling completed since the August 2008 AMEC resource estimate.
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.
Antony J. Amberg, M.Sc., C.Geol., a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
For more information please contact:
Eduardo Covarrubias, President & CEO Tel: (56-99) 323-3156
Michael Kuta, Corporate Secretary Tel: 604-697-6201
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
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