Los Andes Announces Appointment of Eduardo Covarrubias as President and CEO
25 Janeiro 2011 - 11:06PM
Marketwired
Los Andes Copper Ltd. ("Los Andes", or the "Company") (TSX VENTURE:
LA)(PINK SHEETS: LSANF) is pleased to announce that Eduardo
Covarrubias has been appointed President and CEO of the Company,
effective immediately. Mr. Covarrubias replaces Dr. Roger Moss who
will remain a consultant to the Company. This change will allow Dr.
Moss to focus his efforts on the next steps required in the
preparation of a scoping study and subsequent pre-feasibility work
for the Vizcachitas project.
Mr. Covarrubias has been overseeing the mining interests of
Turnbrook Corporation prior to the recent consolidation of
ownership of the Vizcachitas project. Mr. Covarrubias was a banker
with the Chase Manhattan Bank for almost a decade, covering the
mining sector in Chile. He was based in New York and Santiago and
his responsibilities included project financing, structured finance
and mergers and acquisitions transactions. Most recently Mr.
Covarrubias had devoted his time to entrepreneurial activities in
the real estate sector, among others. Mr. Covarrubias holds a
degree in chemical and industrial engineering from the Catholic
University of Chile, and a Master of Science in Management from the
Massachusetts Institute of Technology (MIT), Sloan School of
Management.
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.
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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release
Contacts: Los Andes Copper Ltd. Michael Kuta Corporate Secretary
604-697-6201 Los Andes Copper Ltd. Eduardo Covarrubias President
& CEO (56-99) 323-3156 info@losandescopper.com
www.losandescopper.com
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