Minera Andes Inc. News
Minera Andes announces 113 meters of +1 percent copper in drilling at Los Azules project
—————————————————————————————— Intersection Total TD From To Interval(x) Copper Drill Hole (m) (m) (m) (m) (%) —————————————————————————————— AZ-07-30 342.6 123 323.8 200.8 0.89 (core) 140 253 113 1.04 Includes: —————————————————————————————— (x) True thickness of the copper mineralization is undetermined.
To date, seven vertical core holes have been completed totaling 2,528 meters of the 5,000 meter, 12 hole drilling Stage I program underway as part of the 2007-2008 exploration program. Four holes are currently being drilled and assays are pending for six holes. Hole AZ-07-30 was drilled near the northeast of currently defined area of copper mineralization (see attached map by clicking the following URL: http://files.newswire.ca/530/08-04Final-Map.pdf). The upper 123 meters of the hole contained leached cap rocks underlain by high-grade porphyry copper mineralization to 323.8 meters.
The exploration program at Los Azules is designed to define an inferred resource and provide sufficiently detailed engineering and technical information to allow the completion of an economic scoping study (a Preliminary Assessment as defined by NI 43-101) of the property by the fourth quarter of this year.
Minera Andes is advancing the Los Azules project under an option agreement (see news release dated
During the last few years, more than half the drilling to define a copper resource has been completed and drilling will continue this field season over the known area of leachable (chalcocite) and sulfide (chalcopyrite) copper mineralization as currently defined. The area to be drilled covers approximately 2.5 kilometers by 0.9 kilometers within the enriched copper target currently identified at Los Azules that is about 3.3 kilometers long and 0.9 kilometers wide. Holes will be drilled at a nominal grid spacing of 200 meters east-west and 400 meters north-south. Where needed, infill holes will be drilled on the 200 meter north-south grid lines.
Most of the current drilling has focused on the northern half of the mineralized copper target. The holes are being drilled to a depth of approximately 350-400 meters. This drilling will test a known area of leachable (chalcocite) and sulfide (chalcopyrite) copper mineralization currently defined by 26 drill holes.
All results have been reviewed by
Minera Andes is a gold, silver and copper exploration company working in
This news is submitted by Allen V. Ambrose, president and director of Minera Andes Inc.
Caution Concerning Forward-Looking Statements:
This press release contains certain "forward-looking statements", including, but not limited to, the statements regarding the Company's strategic plans, evolution of mineral resources and reserves, work programs, development plans and exploration budgets. The forward-looking statements express, as at the date of this press release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of base metals, mining industry risks, risks associated with foreign operations, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral reserves, and other risks. Reference is made to the risk factors and uncertainties described in the Company's continuous disclosure record, a copy of which is available under the Company's profile at www.sedar.com.
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SOURCE Minera Andes Inc.
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