Andina Copper Corporation (TSX-V: ANDC | FSE: FIR | OTCQB: PMMCF) 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, 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.
The results expand 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. Wide-spaced scout drilling is ongoing from a new platform located approximately 350 meters northwest of the previous drill site.
Joseph van den Elsen, Andina Copper President and CEO, 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.'
Geologically, CDH009 intersected a leached cap with supergene oxidation to about 41 meters. Below that, significant chalcopyrite mineralization occurs as disseminations and veinlets to approximately 350 meters. Below 350 meters, copper and molybdenum are associated with halo veins and alteration fronts. Copper grades decrease with depth as sericitic overprint diminishes within a dominant potassic-altered domain. The highest grades are in the upper 300 meters, associated with intensive sericite alteration.
The Company is preparing for the introduction of a second drill rig to expedite systematic exploration and evaluation of the Cobrasco Central system and enable simultaneous testing of potential new porphyry centers. The Company's corporate presentation is available at Andina Copper Corporate Presentation.
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