Andina Copper Corporation (TSX-V: ANDC | FSE: FIR | OTCQB: PMMCF) has reported further outstanding drill intercepts from the Cobrasco Project in Choco, Colombia. Drillhole CDH009, drilled from the same pad as previous holes, confirmed a significant northwesterly extension of near-surface mineralization, with grades notably increasing from 38 meters downhole.
The hole returned 502 meters at 0.40% copper, 73 ppm molybdenum, and 1.22 g/t silver from 38 meters, including 388 meters at 0.44% copper, 36 ppm molybdenum, and 1.28 g/t silver from 38 meters, and 186 meters at 0.50% copper, 22 ppm molybdenum, and 1.48 g/t silver from 38 meters. These 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 and persists to the end of CDH009 at 954 meters, though copper grade decreases at depth as the intensity of overprinting sericite alteration transitions to a lower-grade potassic-altered domain.
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 350 meters to the northwest."
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. Preparations are underway for the introduction of a second drill rig to expedite exploration.
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