The Regional Environmental Committee unanimously approved the drilling permit application submitted by Compañia Minera Vizcachitas Holding, the wholly-owned subsidiary of Los Andes that owns the Vizcachitas Project. This approval allows the company to drill up to 350 holes on up to 124 platforms over the next 4 years, if required.
The company will now be able carry out the drilling to complete the pre-feasibility study (PFS) for the project. The proposed workplan includes infill drilling within the PFS open pit, drilling to extend the higher-grade mineralisation to the north of the Preliminary Economic Assessment pit, and to test the prospective geophysical targets identified in 2020.
Fernando Porcile, Executive Chairman, comments:
“We are delighted with the unanimous approval received to carry out drilling at Vizcachitas. This decision is of particular significance as the drilling allows the company to complete the on-going PFS.
“As we continue to progress on delivering a robust PFS, we look forward to sharing positive updates in the coming months.”
