ANDINA Commences Exploration Activities at Gitana Copper Gold Silver Project, Chile.TORONTO -- Andina Minerals Inc. ("Andina") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. ) is pleased to announce the commencement of exploration activities at its' Gitana copper gold silver project located 60 kilometres southeast of Copiapo, Chile. The 386 hectare property encompasses the Gitana mine, which has been producing, on a small scale, high-grade copper oxide and sulphide ores from a series of pits and underground workings for the past thirty years. In spite of the long history of mining, the property has never been subject to a modern systematic exploration program. An ongoing program of geological mapping has confirmed the presence of a number of hydrothermal hydrothermal, hydrothermic relating to the temperature effects of water, as in hot baths. breccias located along the margins of a granodiorite granodiorite Medium- to coarse-grained rock that is one of the most abundant intrusive rocks. It contains quartz and is distinguished from granite by having more plagioclase feldspar than orthoclase feldspar; its other mineral constituents include hornblende, biotite, and intrusion. Historically, the majority of ore mined from Gitana mine has been extracted from a single breccia breccia: see conglomerate. breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. body and associated mantos located on the northeast side of the intrusion. An induced polarization survey has commenced to determine the potential for the newly identified hydrothermal breccias to host sulphide mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . In conjunction with the geological and geophysical surveys, a program of underground sampling will begin immediately focusing on a mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. breccia unit, up to 15 metres wide, which has recently been exposed on the deepest level of the mine, approximately 80 vertical metres below the surface workings. It is anticipated that all geological mapping, sampling and geophysical surveys will be completed by mid-February 2005. A 1,000 metres reverse circulation drilling program is planned to commence in late February 2005 focusing on the down dip and strike extensions of the known mineralization and any new targets identified from Andina's exploration activities. Andina has an option to purchase a 100% interest in the Gitana properties from a group of local owners by making a series of escalating option payments totaling US$3 million over a period of three years. The purchase option agreement was signed in April 2004. Further information on the property can be found within the Company's Technical Report, "Review of Gold and Copper Exploration Potential of Mineral Properties in Chile" filed on the Sedar website (www.sedar.com) on November 24, 2004. Andina is an Americas focused exploration company with a portfolio of precious metals and copper projects in Chile. The Company is dedicated to maximizing the value of it exploration assets through a commitment to fiscally responsible exploration. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Andina Minerals Inc. (TSX VENTURE:ADM) |
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