ANDINA COPPER 1 Andina Copper Extension Drilling Intersects 198 m at 0.51% Cu, 78 ppm Mo within 454 m at 0.43% Cu, 66 ppm Mo
ANDINA COPPER 1
Andina Copper Extension Drilling Intersects 198 m at 0.51% Cu,
78 ppm Mo within 454 m at 0.43% Cu, 66 ppm Mo
(TSX-V:ANDC) (FSE:FIR) (OTCQB:PMMCF) For Immediate Release
March 24, 2026 – Vancouver, British Columbia.
Andina Copper Corporation (TSX -V: ANDC | FSE: FIR | OTCQB: PMMCF) is pleased to report
an outstanding drill intercept from hole CDH005, the third hole completed by the Company at its
Cobrasco Project in Chocó, Colombia.
Following the high-grade Cu-Mo intersections reported in recent drillholes (CDH003 and CDH004
– refer 16 February 2026 News Release), CDH005 was designed to test the southern extensions
of the Cobrasco system to a depth of 700m, in a large step-out over an area of limited geological
data and no prior drilling.
HIGHLIGHTS:
• CDH005 confirms large-scale southerly extension of Cu-Mo-Ag mineralization:
• Large multi -phase porphyry Cu-Mo system demonstrated, with newly observed
intermediate intrusive phases consistently mineralized over broad intervals.
• Step-out drillholes CDH006 and CDH007 completed (assays pending).
• New drillhole CDH008 underway and targeting northern extension of mineralization.
• Systematic drilling of emerging large-scale porphyry system at Cobrasco ongoing, with
Cu-Mo mineralization defined over a mostly near -surface (upper 650m) zone with in a
2500m x 1000m target area. Drilling thus far has tested an area of approximately
1000m x 750m, less than half the potential footprint.
Andina Copper’s President and CEO Joseph van den Elsen commented:
“Ongoing drilling at Cobrasco continues to demonstrate the large-scale and relatively shallow
nature of Cobrasco Central, with results from hole CDH005 significantly extending the mineralized
envelope to the south. With broad spaced holes having tested less than half the target area to-
date, we see the potential for a globally significant copper deposit(s) at Cobrasco. To accelerate
exploration and evaluation, a second drill will be mobilized to systematically explore and define
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the lateral extents of the Cu-Mo system and to add volume to the higher-grade copper shells
intersected in drilling to date”.
Figure 1: Cobrasco Project Collar Plan and Prospect Location
Geology and Mineralization - Drillhole CDH005
Following on from drillhole CDH004 , which returned long intercepts of high-grade copper -
molybdenum mineralization (r efer Table 1: Cobrasco Project - Significant Drill Intercepts ), hole
CDH005 was collared from the same platform as holes CDH002, CDH003 and CDH004 and
oriented due south (Az: 180°, Dip: -50°) to test for the southern extensions of the Cobrasco
mineralization. The hole tested approximately 600 m of lateral extent and 700m of vertical extent
and was terminated at a downhole depth of 934 m.
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Unlike earlier holes which intersected a multi -phase quartz-rich rhyolitic to dacitic subvolcanic
dome complex (felsic lithologies), hole CDH005 is characterized by mineralized diorite to dacite-
andesite porphyries (intermediate lithologies ), generally manifesting as magnetic intrusive
sequences at surface transitioning to a magnetic low “embayment” at depth. The intermediate
dacite-andesite units are intruded by several narrow quartz -rich felsic rhyolite subvolcanic
intrusions which are interpreted to intrude (or inter-finger) the earlier intermediate porphyry phase.
Figure 2: Oblique 3D view of drillholes at the Cobrasco Project
Hole CDH005 was collared within dark-colored diorite porphyry units (as previously described for
CDH004) and remained within this phase to approximately 170 m downhole before intersecting
fine-grained dacite– andesite units. These subvolcanic porphyries exhibit visually significant
chalcopyrite-dominant sulphide mineralization, accompanied by weak to moderate serici te
alteration overprinting earlier potassic assemblages.
The dacite–andesite units are intruded by thin apophyses of intermineral rhyolite porphyry and
extend to approximately 630 m downhole, where the hole intersected a younger and lower-grade
intermineral rhyolite porphyry that continues to end of hole at 934 m. The lower sections of
CDH005 display epidote–chlorite alteration consistent with a propylitic assemblage, interpreted
to represent the outer or lower zones of the Cobrasco hydrothermal system. The mineralization
remains open to the south.
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Drillhole CDH005 also differs from previous south-west trending drillholes (CDH001 and CDH004)
with no phreatomagmatic breccias observed at depth. These breccias , characterized by poorly
sorted polymictic clast assemblages and a tuffaceous matrix with juvenile crystal fragments have
thus far exhibited very low-grade assays, and have defined the SW limits to the Cobrasco Central
mineralization system.
The continuity of intrusive phases, alteration styles and sulphide mineralization throughout the
drillhole is supported by wide intercepts of moderate to high grade copper mineralization
interpreted to be predominantly associated with the waning stages of potassic alteration
transitioning into early sericitic alteration. Assay results support the interpretation of a large and
long-lived mineralizing system extending south of the currently defined Cobrasco footprint.
Figure 3: Hole CDH005 Selection of Downhole Mineralization & Alteration Examples
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The large, strongly coincident copper-molybdenum surface geochemical anomaly currently being
tested by drilling extends approximately 2.5 km north– south and 900 m east– west. This soil
anomaly is supported by limited rock chip geochemistry, geological mapping, and geophysical
data collected to date. A systematic environmental baseline program has commenced across the
project area and will be followed by detailed geological mapping and further surface sampling to
support ongoing drill targeting.
The Company’s Corporate Presentation is available at: Andina Copper Corporate Presentation
Interested parties can subscribe to our mailing list and follow our social media channels in the
links below:
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ON BEHALF OF THE BOARD
Joseph van den Elsen
President & Chief Executive Officer
Jordan Webster
VP – Technical Communications
QUALIFIED PERSON
Francisco Montes, a consultant of Andina Copper Corp and a “qualified person” (“QP”) within the
definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects,
has verified the scientific and technical information that forms the basis for this news release.
Francisco Montes is a member of Australian Institute of Geoscientists (MAIG #4160).
QAQC
CDH005 was collared with a H Q size drill string on surface and completed with NQ over the
interval 697.15 to 934 m. In all cases the drill core was extracted from the core barrel by the drill
contractor under the supervision of Andina Copper personnel and placed in core boxes with
appropriate depth markers and padding added for extra protection during transport. Full core
boxes were then sealed before being transported by helicopter and pickup truck to the Cobrasco
core cutting facility in Quibdó. Core was cleaned where required, marked-up and photographed,
prior to undergoing geotechnical and geological logging. All core was cut by diamond saw by
Andina Copper technicians, other than the top saprolite intervals that could be cut and sampled
by hand tools. All sampling was conducted in nominal 2 m intervals with cut-lines marked by the
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supervising geologists to ensure representative sampling. Samples were placed in plastic bags
with non-repeatable sample tags and bagged in polyweave sacks ready for transport.
The core trays with the remaining half-core are stored at the Andina Copper facility in Quibdó for
ongoing geotechnical (Terraspec spectral analysis, magnetic susceptibility readings, rock density
measurements) and follow-up detailed geological logging. From Quibdó core samples were sent
to the ALS preparation facility in Medellin, an accredited laboratory which is independent of the
Company. Prepared sample pulps were then sent to the ALS laboratory in Lima, Peru for gold
(Au-AA23), multi-elements (ME-MS61), and “overlimits” analysis (ME-OG62 including copper Cu-
OG62). Coarse and fine rejects are returned by ALS Medellin for storage at the Andina Copper
storage facility.
Note: Mineralized intercepts reported for CDH005 have applied a 0.2% Cu cut-off and maximum
dilution of 10m.
Table 1: Cobrasco Project – Significant Drill Intercepts
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Table 2: Cobrasco Project – Drill Collar Parameters (WGS84, UTM Zone 18N)
ABOUT ANDINA COPPER
Andina Copper Corporation is a unique South America- focused copper explorer listed on the
TSX Venture Exchange (TSXV:ANDC), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF)
exchanges. The Company holds two significant discoveries along the world’s premier copper
producing Andean porphyry belt in Argentina and Colombia, and a compelling undrilled copper -
gold target in the prolific copper production district of the Coastal Cordillera of Chile.
FORWARD-LOOKING STATEMENT
This news release contains certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical fact, that address events or
developments that Andina Copper expects to occur, are forward-lo oking statements. Forward-
looking statements are statements that are not historical facts and are generally, but not always,
identified by the words "expects" and similar expressions, or that events or conditions "will" or
"may" occur. These statements ar e subject to various risks. Although Andina Copper believes
the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guaranteeing of future performance, and actual results
may differ materially from those in forward-looking statements.
Neither the TSXV nor the Canadian Investment Regulatory Organization accepts responsibility
for the adequacy or accuracy of this release.