Home Corporate Investors Media Operations Contact
News Archive
News Archive

LOS ANDES COPPER ANNOUNCES LATEST DRILLING RESULTS
MOVING FORWARD ON SCOPING STUDY


October 27, 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 drilling program at the Vizcachitas Project in Chile.

Highlights of the results include Hole LAV-121A that intersected 0.53% Cu and 0.011% Mo (0.61% Cu eq.*) over 86 metres, including 0.60% Cu and 0.007% Mo over 42 metres.

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-121A

250

-80

110

76

250

174

0.39

0.008

na

including

 

 

 

160

246

86

0.53

0.011

0.61

 

 

 

 

160

202

42

0.60

0.007

na

including

 

 

 

192

202

10

0.73

0.006

na

 

 

 

 

 

 

 

 

 

 

LAV-130

250

-90

0

53

250

197

0.35

0.005

na

including

 

 

 

53

194

141

0.37

0.004

na

including

 

 

 

53

82

29

0.41

0.003

na

 

 

 

 

 

 

 

 

 

 

LAV-132A

150

-75

290

62

150

88

0.22

0.001

na

 

 

 

 

 

 

 

 

 

 

LAV-133

250

-65

110

69

250

181

0.12

0.003

na

 

 

 

 

 

 

 

 

 

 

(*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%).

Hole LAV-121A was drilled on Section 1400NE between historical drillholes V-15A and V-19. The hole intersected 0.53%Cu and 0.011% Mo in altered andesite with pyrite-chalcopyrite dominant mineralization and locally disseminated molybdenite.

Hole LAV-132A is located approximately 100m to the southwest of LAV-121A and intersected weakly altered diorite and granodiorite containing weak copper mineralization.

Hole LAV-130 was drilled on Section 1000NE near the western limit of known mineralization. Near surface mineralization grading 0.41% Cu over 29 metres occurs in biotite-magnetite altered andesite. The remainder of the hole intersected altered andesite containing pyrite-chalcopyrite mineralization in veinlets.

Hole LAV-133 was collared on Section 700NE at the southern edge of the known mineralization. The hole intersected altered and weakly mineralized andesite with anomalous copper values and grades up to 0.67%Cu and 0.034% Mo over 4 metres in local sulphide veinlets.

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.

In order to optimize the use of the Company's cash resources, Los Andes has made the decision to suspend drilling operations at the Vizcachitas project and will now focus on lower cost metallurgical testing, geotechnical test work, an environmental baseline study and the completion of the scoping study.

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 on our website at www.losandescopper.com.

For more information please contact:              

Roger Moss, President
Tel: 416-516-6050

or

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

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.

News Archive 2017
News Archive 2016
News Archive 2015
News Archive 2014
News Archive 2013
News Archive 2012



Home  |  Corporate  |  Investors  |  News Archive  |  Projects  |  Contact Us Copyright
Los Andes Copper Ltd. 2014
Designed and Powered by Blender Media