Project:
Vizcachitas Copper- Molybdenum project
Status:
Development
Location:
Valparaíso Region, Chile
Ownership:
100% owned by Los Andes Copper (TSX-V: LA)
Royalty:
0.98% NSR on open pit production and 0.49% NSR on underground production from the San Jose 1/3000 claim that covers approximately 50% of the mine plan in the Preliminary Economic Assessment (“PEA”) on Vizcachitas dated June 13, 2019. The mine plan in the PEA is 100% open pit.
As of June 13, 2019, Los Andes reported the following resources at Vizcachitas (100% basis):
| Category | Tonnes (millions) |
Copper Grade (%) | Contained Copper (millions of lbs) |
Molybdenum Grade (%) | Contained Molybdenum (millions of lbs) |
Silver Grade (g/t) | Contained Silver (millions of ounces) |
|||||||
| Measured | 254.4 | 0.439 | 2,462 | 0.012 | 67 | 1.26 | 10.3 | |||||||
| Indicated | 1,029.7 | 0.385 | 8,740 | 0.014 | 333 | 1.00 | 33.1 | |||||||
| Total Measured & Indicated Resources | 1,284.0 | 0.396 | 11,202 | 0.014 | 400 | 1.05 | 43.4 | |||||||
| Inferred | 788.8 | 0.337 | 5,861 | 0.013 | 221 | 0.88 | 22.3 | |||||||