Los Andes Initiates Work Program FOR Vizcachitas
Marine Building
Suite 1260 – 355 Burrard St,
Vancouver, BC V6C 2G8 Canada
Phone +1.604.681.2802 Fax +1.604.682.2802
www.losandescopper.com
March 24, 2017
N.R. 2017-3
LOS ANDES INITIATES WORK PROGRAM FOR VIZCACHITAS
Vancouver, BC – Los Andes Copper Ltd. ("Los Andes", or the "Company", TSX
Venture Exchange: LA) is pleased to anno unce that the Company has initiated
the work program, including a drilling campaign, for its 100% owned Vizcachitas
porphyry copper-molybdenum project located in Region V, Chile.
Work Program - Drilling Campaign
The drilling camping is expected to include approximately 10,000 metres of
diamond drilling, in the higher grade central core of the deposit. The objectives of
the drilling program are:
- Test extensions of new geological model
- Delineate early diorite porphyry and hydrothermal breccias
- Deeper drilling in high grade area
- Converting of inferred resource to indicated
- Drilling extensions within PEA pit area
- Drill testing extensions to minera lization within 1km of current deposit
- Evaluating silver c ontent and distribution
- Provide samples for metallurgical testing
Work Program – Additional Activities
In addition to the drilling campaign, the work program includes:
- Reprocessing historical pulp samples to create silver model and revise
molybdenum grades
- Mapping of alterations north of current mineralized area
- Updating resource model
- Preparing optimized PEA
We expect the drilling campaign to last 3- 4 months, with the final assay results
being completed during the third quarter of 2017. The remainder of the work
program is expected to be completed by the end of 2017.
About Vizcachitas
The Vizcachitas Project offers potential fo r a low strip, open pi t operation in an
area of low elevation with ex cellent infrastructure in central Chile. On February
18, 2014, the Company filed a National In strument 43-101 Preliminary Economic
Assessment prepared by Coffey Consulto ria Y Servicios Spa (Coffey) and
Alquimia Conceptos S.A. (PEA). Based on 40,383 metres of drilling at the time,
using a 0.30% copper equiva lent cut-off, the projec t contains an indicated
resource of 1,038 million tonnes gradi ng 0.434% copper equ ivalent and an
inferred resource of 318 million tonnes grading 0.405% copper equivalent. Using
a 0.40% copper equivalent cu t-off, the project contains an indicated resource of
566 million tonnes grading 0.501% copper equivalent and an inferred resource of
130 million tonnes grading 0.488% copper equivalent.
Mr. Antony Amberg is the Qualified Person who has read and approved the
technical disclosure in this news release.
Additional information about the Vizcachitas Project is available on our website at
www.losandescopper.com
For more information please contact:
Antony Amberg, President & CEO Tel: (56-22) 954-0450
Aurora Davidson, Chief Financial Officer Tel: 604-697-6207
E-Mail: [email protected] or visit our website at: www.losandescopper.com
Certain of the information and statements contained herein that are not historical facts, constitute “forward-looking informati on” within the
meaning of the Securities Act (British Co lumbia) and the Securities Act (Alberta) (“Fo rward-Looking Information”). Forward-Loo king
Information is often, but not always, identified by the use of wo rds 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, Forwar d-Looking Information involves known and unk nown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Co mpany, or industry results, to be materially different from any future results,
performance or achievements expressed or imp lied by such Forward-Looking Information; including, without limitation, the achiev ement and
maintenance of planned production rates, the evolving legal and political policies of Chile, the volatility in the Chilean econ omy, military
unrest or terrorist actions, metal and energy price fluctuations, favourable government al relations, the availability of financ ing for activities
when required and on acceptable terms, the estimation of mineral resources and reserves, current and future environmental and r egulatory
requirements, the availability and timely receipt of permits, approvals and licenses, industrial or environmental accidents, eq uipment
breakdowns, availability of and competition for future acquisition opportunities, availability and cost of insurance, labour disputes, land claims,
the inherent uncertainty of production and cost estimates, curr ency fluctuations, expectations and beliefs of management and other risks and
uncertainties, including those described in Management’s Discussion and Analysis in the Company’s financial statements. Such F orward-
Looking Information is based upon the Company ’s assumptions regarding global and Chilean economic, political and market conditi ons and
the price of metals and energy, and the Company's production. Am ong the factors that have a direct bearing on the Company’s fu ture
results of operations and financial conditions are changes in project parameters as pl ans continue to be refined, a change in g overnment
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 t o 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 Regulati on Services Provider (as that term is def ined in policies of the TSX Venture Excha nge)
accepts responsibility for the adequacy or accuracy of this release.