- Write by:
-
Friday, February 11, 2022 - 12:55:46
-
753 Visit
-
Print
Mining News Pro - Los Andes Copper reported on Thursday “excellent initial results” from ongoing drilling at its 100% owned Vizcachitas project in Chile.
Vizcachitas is a copper-molybdenum porphyry deposit located 120 km north of Santiago, containing a measured resource of 254.4 million tonnes grading 0.439% copper and an indicated resource of 1.03 billion tonnes grading 0.385% copper.
An aggregate of 732m have been drilled since the program started last fall. This was all completed in drill hole CMV-001B, which had an estimated average grade of 0.51% copper equivalent. The average grades include 0.46% copper and 160 ppm molybdenum from 64m to 820m down the hole.
“Hole CMV-001B is important for two reasons: firstly, it demonstrates and confirms the scale of the good grades at Vizcachitas starting from the collar in rock; secondly, the hole is near the western limit of the resources and shows clear potential for further resources to the west,” CEO Michael Jones said in a news release.
Assay grades for the interval reported for silver are still pending, as are the values from 820m down the hole to end of hole at 1,265.15m. Silver typically reports to roughly 1% of the value on the deposit.
Meanwhile, drilling is continuing with four drill rigs at Vizcachitas with the objectives of expanding the resources within the open pit designs and to explore the deposit below the boundaries of the open pit designed in the 2019 Preliminary Economic Assessment.
The current Phase 1 drill program will then expand from four to five drill rigs, with 18,000m of drilling planned. The full Phase 1 drill program consists of 30,000 metres of drilling, with potential for further expansion.
Shares in Los Andes Copper rose 4.6% by noon EDT in Toronto following the latest drill results. The company has a market capitalization of C$382.5 million ($301.8m).
Short Link:
https://www.miningnews.ir/En/News/620629
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Copper miner Antofagasta Plc is holding meetings with investors this week for its first dollar bond offering in nearly ...
Copper needs to reach $12,000 a ton — a 20% jump from this week’s high — to incentivize large-scale investments in new ...
Teck Resources, Canada’s largest diversified miner, saw its copper production jump by 74% in the first three months of ...
Aurubis AG, Europe’s largest refined copper producer, has started a project in its Bulgarian smelter which will expand ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
No comments have been posted yet ...