Drill Results Routine +

Andina Copper Intersects 152m at 0.67% Cu from 54m, within 272m at 0.50% Cu

Andina Copper Expands Cobrasco Footprint with Consistent Drill Results

By The Northwire Desk — AI Analysis May 13, 2026 · 06:00 ANDC · 1.05 Andina Copper Corporation

Executive Summary

Most Recent Event: On May 13, 2026, Andina Copper reported drill intercepts from hole CDH008 at the Cobrasco Project in Chocó, Colombia.
Key Intercepts: Hole CDH008 returned 272m @ 0.50% Cu, including a higher-grade interval of 152m @ 0.67% Cu from 54m depth.
Project Footprint: The mineralized footprint has expanded to approximately 1,100m along strike and 550m laterally.
Operational Status: Drill hole CDH009 is completed with assays pending; CDH010 is in progress. A second diamond drilling rig is being mobilized for definition drilling at Cobrasco Central and new porphyry centers.
Geological Context: The system shows a leached cap with intense supergene alteration over intermineral rhyolite porphyry, with chalcocite coating hypogene sulphides suggesting secondary copper enrichment.
Historical Progression: This result follows a consistent series of positive drill results from CDH003 (Feb 2026) through CDH007 (April 2026), confirming the continuity and expansion of the Cu-Mo porphyry system.

Material Impact

Expectation vs. Reality: The results are in line with previous announcements from CDH006 and CDH007, which showed similar grade intervals (0.48% - 0.68% Cu). The expansion of the footprint is consistent with the company's stated strategy to test limits via wide-spaced scout drilling.
Market Reaction: The stock has rallied significantly from ~$0.12 in mid-2025 to $1.05 currently, pricing in much of this exploration success. The financing closed in March 2026 at $0.80/share; the current price is above that level, indicating investor confidence but also potential overextension if results plateau.
Materiality: While positive, this news is incremental to the established trend of discovery drilling. It validates the thesis rather than introducing a new variable (such as a resource estimate or M&A). Therefore, it is categorized as Routine - Positive rather than Material - Positive.
Financing Context: The $27.5M financing closed in March 2026 provided capital for this exact program. The successful execution of the drill plan justifies the dilution but does not fundamentally alter the valuation model without a resource estimate.

ANDC · Price

Company Overview

Company: Andina Copper Corporation (TSX-V: ANDC).
Flagship Project: Cobrasco Cu-Mo Porphyry Project in Chocó, Colombia.
Project Scope: ~3,000 ha within the underexplored Chocó copper belt.
Other Projects: Piuquenes (Argentina) - Copper-Gold porphyry; Mantau (Chile) - Copper-Gold IOCG style project.
Management: Joseph van den Elsen (President & CEO), Tony Manini (Chairman). Daniel Earle appointed as Strategic Advisor in Oct 2025.
Status: Active exploration phase with multiple drill rigs mobilized across projects.

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