Andina Copper Corporation (TSX-V: ANDC | FSE: FIR | OTCQB: PMMCF) reported outstanding drill intercepts from the second hole of its maiden diamond drilling program at the Cobrasco copper-molybdenum project in Choco, Colombia. Following high-grade intersections in drillhole CDH003 (352m @ 0.68% Cu, 112 ppm Mo; incl. 118m @ 1.17% Cu, 193 ppm Mo), results from CDH004 have revealed further wide intercepts of strong mineralization, including a 107-meter interval grading 0.75% copper within a broader zone of 579 meters.
The CDH004 hole, completed to a depth of 900.25 meters, targeted the southwest extent of the system. Significant copper grades were encountered between 579 and 686 meters, associated with intensely fractured magmatic-hydrothermal breccias. The breccia zone returned an average grade of 0.75% Cu over 107 meters, with a peak 2-meter assay of 1.70% Cu. Sporadic gold mineralization up to 1.06 g/t was also observed, suggesting a possible gold-rich intrusive phase within the broader Cobrasco system.
President and CEO Joseph van den Elsen commented: 'Following recent results from CDH003, the wide intercepts of high-grade copper mineralization reported in CDH004 further validate the size, scale and grade of the Cobrasco system. We see the potential for a globally significant deposit(s) at Cobrasco, and mobilization of a second drill rig to expedite rapid exploration and evaluation is planned.'
Drillhole CDH005, designed to test southern extensions, has been completed to 934 meters. While assays are pending, visual logging indicates strong chalcopyrite-dominant sulfide mineralization with sericitic alteration, consistent with mineralized porphyry systems. Step-out drillhole CDH006 is currently underway, targeting potential large extensions of the mineralized system.
The company noted that ongoing drilling continues to support the potential for a large-scale porphyry copper-molybdenum deposit with significant volumes of high-grade mineralization. The Cobrasco project is located in the Choco region of Colombia, within the Andean porphyry belt.
Detailed geological logging and assaying are ongoing, with results from CDH005 expected shortly. Andina Copper holds a 100% interest in the Cobrasco project and is focused on advancing the discovery through systematic drilling.
