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AND•Andean ASX AND and there is more gold and silver
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It appears that very few Australians know much about Andean Resources... certainly few Australian brokers know about it... Surprising when it has a market cap of AUD$1,390M.
I guess most of the holders are from the TSX.
Andean confirms, extends Cerro Negro gold, silver
Source: News Bites
Andean Resources Ltd has confirmed and extended the high-grade gold and silver mineralisation at its Cerro Negro project in Santa Cruz province, Argentina.
The discovery of the San Marcos, Mariana Norte, and Mariana Central vein systems 4-6km northeast of the Eureka deposit has lead to a focused drill program that is defining the shape and extent of these potential ore bodies.
Highlights from San Marcos include:
SDD-1004: 12.4m of 16.5g/t gold and 131g/t silver (Ag) from 143.6m
SDD-1005: 6.4m of 10.7g/t gold and 144g/t Ag from 142.7m
SDD-1007: 3.65m of 12.2g/t gold and 52g/t Ag from 108m
SDD-1008: 11.45m of 15.2g/t gold and 136g/t Ag from103.55m
Holes SDD-1010 and SDD-1012 extended the mineralisation in the San Marcos veins a further 100m to the east and may have intersected the veins at a shallower angle due to a potential change in the vein dip.
Vice president of exploration William Wulftange says Cerro Negro now has at least three distinct centres of mineralisation that include Bajo Negro and Vein Zone to the east, Eureka to the west and now the Mariana’s and San Marcos mineral system in the north central part of the property.
“The fact that all three systems have significant gold grades over broad widths is quite exciting and a very rare occurrence in the gold industry,” he said. “I believe that as the exploration program continues, Andean geologists will develop a geologic link between the three deposits that will help us find additional mineral zones outside of the current known deposit areas.”
About AND Andean Resources Ltd. is a dual listed company (ASX/TSX:AND), actively and aggressively exploring for gold resources in Argentina. The company is well positioned to become a midtier gold producer over the next two years as it commences production from its 100% owned Cerro Negro project. This high-grade, world-class deposit is located in the mining-friendly province of Santa Cruz, in southern Argentina, and contains a growing resource base of over 3.2 million ounces of gold.
