Los Andes Copper Ltd. ("Los Andes", or the "Company") (TSX VENTURE:LA)(PINK
SHEETS:LSANF) is pleased to announce that it has made the final payment under
the agreement to purchase consumptive water rights for 250 litres per second.
These water rights are now held by the Company free and clear of any
encumbrance.


As announced in its press release of December 2, 2010, the Company has made the
final option payment in respect of certain mineral claims in addition to the
core San Jose claims, providing the Company with 100% ownership of all mineral
claims surrounding the core of the Vizcachitas project. The consolidation of the
San Jose claims, announced by press release on December 21, 2010, results in the
entire resource comprising the Vizcachitas property being under unified
ownership for the first time in decades, and allows the Company to take the
steps necessary to advance the project to development.


Management is currently finalizing the details of a work program that will
include additional drilling in the core San Jose claims, completion of a scoping
study and work required for the start of the pre-feasibility stage in respect of
Vizcachitas.


About Vizcachitas

The Vizcachitas Project offers potential for a low strip, open pit operation in
an area of low elevation with excellent infrastructure, including water and
power in central Chile. The Vizcachitas deposit occurs in the same metallogenic
belt as the giant copper-molybdenum porphyries Rio Blanco-Los Bronces, Los
Pelambres and El Teniente. Based on 35,255 metres of drilling in 130 diamond
drill holes, the project contains an indicated resource of 515 million tonnes
grading 0.39% copper and 0.011% molybdenum and an inferred resource of 572
million tonnes grading 0.34% copper and 0.012% molybdenum at a 0.30% copper
equivalent cutoff. Additional information about the Vizcachitas Project is
available in the National Instrument 43-101 Technical Report prepared by AMEC
and filed by the Company on SEDAR on August 29 2008, and on our website at
www.losandescopper.com. Dr. Roger Moss, PhD, P.Geo is the qualified person who
has reviewed this news release.


This document contains certain forward looking statements which involve known
and unknown risks, delays and uncertainties not under the Company's control
which may cause actual results, performance or achievements of the Company to be
materially different from the results, performance or expectation implied by
these forward looking statements.
Los Andes Copper (TSXV:LA)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Los Andes Copper Charts.
Los Andes Copper (TSXV:LA)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Los Andes Copper Charts.