Minera cuts 5.66 m of 24 g/t Au, 747 g/t Ag at San Jose
2006-01-19 15:36 ET - News Release
Mr. Allen Ambrose reports
MINERA ANDES SAN JOSE PROJECT DRILLING DISCOVERS NEW GOLD/SILVER VEIN WITH UP TO 5.66 METERS OF 24 G/T GOLD AND 747 G/T SILVER
Minera Andes Inc. is providing the results of a postfeasibility core drilling program at its San Jose project in Southern Argentina, where a new vein containing high-grade gold and silver mineralization has been discovered. Six of seven holes, totalling 614 metres, encountered mineralized vein over a strike length of 250 metres along the Kospi vein. The vein remains open at depth and along strike.
The discovery of high-grade gold and silver mineralization again highlights the mining district scale of the project, where four new veins have been discovered in the last six months. The Kospi vein was discovered during a recent drilling program in the area between the Huevos Verdes and Frea veins. The best intercept encountered in this drilling campaign is 24 grams per tonne (0.77 ounce per ton) gold and 747 g/t (24 ounces per ton) silver over 5.66 metres in hole HVD-41. Other highlights include 2.10 metres of 6.46 g/t (0.21 ounce per ton) gold and 709 g/t (23 ounces per ton) silver in hole HVD-40, drilled 50 metres along strike. Holes HVD-39 and HVD-42 also encountered 2.56 g/t gold and 118 g/t silver, and 1.93 g/t and 77 g/t silver over 0.90 metre and 0.84 metre, respectively. The first hole, HVD-38, was drilled in the opposite direction and did not encounter vein. Holes HVD-43 and HVD-44 also intersected vein and results are pending. (All intervals are down hole and are thought to represent apparent widths of the vein.)