Andina Copper Corporation (TSX-V: ANDC | FSE: FIR | OTCQB: PMMCF) has announced further outstanding drill intercepts from the Cobrasco Project in Choco, Colombia, confirming a significant northwesterly extension of near-surface mineralization. Drillhole CDH009, drilled from the same pad as previous holes CDH006, CDH007, and CDH008, returned 502 meters at 0.40% copper, 73 ppm molybdenum, and 1.22 g/t silver from 38 meters downhole, including 388 meters at 0.44% copper from 38 meters and 186 meters at 0.50% copper from 38 meters.
This result expands the drillhole-defined mineralized footprint at Cobrasco Central to approximately 1,200 meters by 550 meters, with the footprint continuing to grow through successive step-out drilling. Mineralization remains open in all directions. Two additional drillholes, CDH010 and CDH011, have been completed from the same platform with assays pending, and wide-spaced scout drilling is ongoing from a new platform located approximately 350 meters northwest of the previous drill site.
Joseph van den Elsen, President and CEO of Andina Copper, stated: “Andina Copper continues to systematically advance its scout drilling programme in a northwesterly direction with wide spaced fans of holes aimed at expanding the envelope of porphyry Cu-Mo mineralization. The results of hole CDH009 validate this approach, significantly extending shallow, near-surface copper-molybdenum mineralization 350m to the northwest.” He added that all nine drill holes reported to date have returned wide intervals of high-grade, near-surface Cu-Mo mineralization, and mobilization of a second diamond drilling rig will expedite continued exploration.
Geologically, hole CDH009 intersected a leached cap with supergene oxidation to about 41 meters depth. Below that, significant chalcopyrite mineralization occurs as disseminations and veinlets to approximately 350 meters downhole. Below 350 meters, copper and molybdenum mineralization is associated with halo veins and alteration fronts, with chalcopyrite-bornite persisting to the end of the hole at 954 meters, though copper grades decrease with depth as sericitic overprint diminishes within a potassic-altered domain. The highest grades occur in the upper 300 meters, closely associated with intensive sericite alteration.
The company is preparing for the introduction of a second drill rig, with multiple drill targets and ongoing step-outs planned in the near term. For further details, the company's corporate presentation is available at Andina Copper Corporate Presentation. Interested parties can subscribe to the mailing list and follow social media channels via Mailing List, Andina Copper LinkedIn, and Andina Copper X.
The technical information in this news release has been reviewed and approved by Francisco Montes, a consultant of the company and a qualified person under NI 43-101. The company follows rigorous QAQC procedures, with core samples sent to ALS laboratories for assay.
