Los Andes Copper Announces Decision by the Environmental Court Reinstating Drilling Permit
Los Andes Copper Announces Decision by the
Environmental Court Reinstating Drilling
Permit
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2022) - Los Andes Copper Ltd. (TSXV: LA)
(OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to report that on July 20, 2022, the
Second Environmental Court in Chile revised the preliminary injunction issued on March 18, 2022 that
suspended drilling. The Court decided that drilling can continue, with certain restrictions, at the
Vizcachitas Copper Project under the Company's environmental license.
Following the injunction, the Company prepared and filed with the Environmental Court several scientific
reports, technical studies and legal opinions showing that the drilling program is compatible with the
protection of the Andean Cat and the overall environment.
The Court decision authorized the Company to continue drilling at the Vizcachitas project, with certain
operational conditions, including a restricted drilling plan for the first 12 months proposed by the
Company. This plan will allow the Company to pursue its original program of illuminating and defining
extensions of the mineralized body which still remains open.
Los Andes reiterates its full commitment to complying with all its environmental obligations and continues
to engage with all interested parties in a climate of mutual respect.
The Company will continue to expand its previous successful drill program while pursuing the larger goal
of completing a Prefeasibility Study in Q4 2022.
About Los Andes Copper Ltd.
Los Andes Copper Ltd. is an exploration and development company with an 100% interest in the
Vizcachitas Project in Chile. Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.
Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please
refer to the technical report dated June 13, 2019, with an effective date of May 10, 2019 and titled
"Preliminary Economic Assessment of the Vizcachitas Project", prepared by Tetra Tech.
The PEA is preliminary in nature, it includes inferred mineral resources that are considered too
speculative geologically to have the economic considerations applied to them that would enable them to
be categorized as mineral reserves, and there is no certainty that the PEA will be realized.
Qualified Person ("QP") and Quality Control and Assurance
Antony Amberg CGeol FGS, the Company's Chief Geologist, is the qualified person who has reviewed
and approved the scientific and technical information contained in this news release. The QP has
validated the data by, supervising the sample collection process, through chain of custody records and
inspecting the detailed technical data and quality control and assurance information.
For more information please contact
:
R. Michael Jones, P.Eng., CEO
Tel: +44 203 4407982
BlytheRay, Financial PR
Megan Ray
Rachael Brooks
Tel: +44 207 138 3203
E-Mail:
or visit our website at:
www.losandescopper.com
Follow us on Twitter
@LosAndesCopper
Follow us on LinkedIn
Los Andes Copper Ltd
Certain of the information and statements contained herein that are not historical facts, constitute
"forward-looking information" within the meaning of the Securities Act (British Columbia), Securities
Act (Ontario) and the Securities Act (Alberta) ("Forward-Looking Information").
Forward-Looking
Information is often, but not always, identified by the use of words such as "seek", "anticipate",
"believe", "plan", "estimate", "expect" and "intend"; statements that an event or result is "due" on or
"may", "will", "should", "could", or might" occur or be achieved; and, other similar expressions.
More
specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the Company, or industry
results, to be materially different from any future results, performance or achievements expressed or
implied by such Forward-Looking Information; including, without limitation, Spinnaker's ability to raise
capital, target and attract institutional and retail investors and focus on developing and expanding the
network of investors, analysts and financial intermediaries who are interested in Los Andes. Such
Forward-Looking Information is based upon the Company's assumptions regarding global and
Chilean economic, political and market conditions and the price of metals and energy, and the
Company's production.
Among the factors that have a direct bearing on the Company's future results
of operations and financial conditions are changes in project parameters as plans continue to be
refined, a change in government policies, competition, currency fluctuations and restrictions and
technological changes, among other things.
Should one or more of any of the aforementioned risks
and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may
vary materially from any conclusions, forecasts or projections described in the Forward-Looking
Information.
Accordingly, readers are advised not to place undue reliance on Forward-Looking
Information.
Except as required under applicable securities legislation, the Company undertakes no
obligation to publicly update or revise Forward-Looking Information, whether as a result of new
information, future events or otherwise.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/131524