ANDINA Minerals Inc.: Two New Gold Zones Identified at Volcan Project.TORONTO -- 60 Metres Grading 1.59 g/t Gold & 50 Metres Grading 1.11 g/t Gold Exploration Budget Increased to CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $3.8 Million ANDINA Minerals Inc. (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]. ) ("Andina" or "the Company") is pleased to report the discovery of two new zones of gold 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. on its Volcan Gold Project located in Chile's Maricunga Gold Belt. Surface channel sampling in the NW Zone, located 1,500 metres north northwest Noun 1. north northwest - the compass point that is midway between north and northwest NNW, nor'-nor'-west compass point, point - any of 32 horizontal directions indicated on the card of a compass; "he checked the point on his compass" of the Central Zone, returned 60 metres grading 1.59 grams per tonne gold including a 35 metre interval grading 2.10 grams per tonne. At the West Zone, 700 metres west of the Central Zone, channel sampling returned 50 metres grading 1.11 grams per tonne gold. The channel samples were collected from trenches centred on +200 ppb ppb abbr. parts per billion gold-in-talus geochemical anomalies identified by previous operators and the results represent the first assays returned from each area. Historically, surface channel sampling results have had an excellent correlation to the presence of similar mineralization at depth. Gold mineralization at the West and NW Zones is associated with phreatic phre·at·ic adj. Of or relating to ground water. [From Greek phrear, phreat-, well, spring; see bhreu- in Indo-European roots.] Adj. 1. dacitic Adj. 1. dacitic - relating to or consisting of dacite; "dacitic magma is highly viscous" breccias cut by variable amounts of narrow multiphase Mul´ti`phase a. 1. (Elec.) Having many phases; Adj. 1. multiphase - of an electrical system that uses or generates two or more alternating voltages of the same frequency but differing in phase angle quartz veins and veinlets and is similar in style to the gold mineralization identified at the East and Central Zones, which are presently the subject of a 6,850 metre drill campaign. The orientation of the West and NW 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. zones in relation to the trenching has not been determined. Surface channel sampling is continuing in both areas to outline the extent and orientation of the new gold zones in preparation for drilling in early 2006. Volcan Phase II Exploration Budget Increased In light of the discovery of the new gold zones combined with the continued excellent results from Andina's ongoing drilling program at the East and Central Zones, the Company's Board of Directors have approved a $1.5 million increase in the Phase II exploration budget to a total of $3.8 million. The majority of the increased budget will be directed towards additional drilling at the Central Zone and drilling at the newly discovered West and NW Zones. An updated interim resource estimate is scheduled to be published by February 2006. East Zone Drilling Update The results of three reverse circulation drill holes from the East Zone are reported below in Table 1. The results were generally as anticipated. The three holes were drilled to test the margins of the East Zone gold mineralization in preparation for February's resource estimate. In addition to the mineralized intervals noted in the table below, extensive envelopes of 0.3 to 0.5 gram per tonnes gold have been outlined surrounding the core +0.5 gram per tonne mineralization. For example, immediately south of the 26 metre interval grading 1.04 gram per tonne gold cut in RVA-08, a 34 metre lower grade envelope of 0.46 gram per tonne was intersected. Also, between the upper two +0.5 gram per tonne intervals in hole RVA-06, a 34 metre interval grading 0.42 gram per tonne was cut which if combined with the two higher grade intervals would result in an intersection of 122 metres grading 0.80 grams per tonne gold. The presence of a lower grade envelope surrounding the East Zone would be beneficial if an open pit mining plan were considered.
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Table 1 - Summary of Drill Assay Results
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Hole # Zone From To Dist. Grade(i)
(metres) (metres) (metres) (g/t gold)
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RVA-06 East 0 38 38 0.99
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and 72 122 50 0.91
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and 172 180 8 1.01
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and 204 226 22 0.87
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RVA-08 East 164 190 26 1.04
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RVA-09 East 148 172 24 0.66
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and 196 214 18 0.77
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(i) drill hole assay composites based upon a 0.5 g/t cut off grade
About Andina Minerals Inc. Andina is an Americas focused exploration company with a portfolio of precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. exploration projects in Chile and Mexico which is dedicated to maximizing the value of its exploration assets through a commitment to fiscally responsible exploration. The Company is earning a 100% interest in the Volcan project by undertaking certain work commitments and making a series of escalating payments ending in 2008. Under the guidelines of National Instrument 43-101, the qualified person for the Volcan exploration project is Eduardo Margi, Ph.D. in mining engineering (Witwatersrand) and a Fellow of the SAIMM SAIMM South African Institute of Mining and Metallurgy SAIMM Systems Applications International Mesoscale Model SAIMM South African Infrastructure Management Manual with over 30 years of industry experience. Mr. Margi has approved the exploration program and established the quality assurance and quality control program to ensure the accuracy of the collection and analysis of samples. The reverse circulation ("RC") chips from Andina's ongoing drill campaign are collected at the drill under the direct supervision of Andina staff. RC samples of approximately 70 kilograms in weight are collected over 2 metre intervals. Both the RC samples and drill core are appropriately tagged, secured and transported to the Andina exploration camp and then to Andina's secure sample logging and preparation site near Copiapo, Chile. RC chip samples are riffle split twice to obtain a 15 kilogram kilogram, abbr. kg, fundamental unit of mass in the metric system, defined as the mass of the International Prototype Kilogram, a platinum-iridium cylinder kept at Sèvres, France, near Paris. sample for assay purposes. Representative chips are collected from each sample for logging purposes. Drill core is logged, marked at two metre intervals for sampling and split longitudinally with a diamond drill saw. One half of the core is bagged and sample tags attached and the second half of the core is returned to the core boxes. All samples are appropriately tagged and securely stored prior to shipping to Asesoria Minera Geoanalitica Ltda.'s ("Geoanalitica") laboratory in La Serena, Chile La Serena ("the serene one") is the second oldest city in Chile. The city, located 471 km north of Santiago, has a population of 147,815, according to the 2002 census. There are also 12,333 inhabitants of the immediately surrounding countryside. . Samples are processed and analyzed for gold using fire assay techniques with atomic absorption finish. Samples which returned gold values greater than 1.00 gram per tonne are re-analyzed by Geoanalitica. using fire assay techniques with a gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. finish. Duplicate samples are inserted at a rate of approximately 5%. Andina also inserts standard samples within each sample batch to ensure laboratory quality control procedures. Occasionally Andina requests Geoanalitica ship samples to ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex in La Serena La Serena (lä sārā`nä), city (1990 est. pop. 105,600), capital of Coquimbo region, N central Chile, on the Elqui River. A commercial and agricultural center in a region of orchards and vineyards, it is a popular resort. for 47 trace element analysis using ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. . A summary of the work performed by the previous operators, including a discussion of the quality assurance and quality control of the previous drilling programs, is reported within the Company's Technical Report titled "Review of Gold and Copper Exploration Potential of Mineral Properties in Chile" dated November 12, 2004 which was filed at www.sedar.com on November 24, 2004 The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. To view Table 2 - Volcan Project East Zone Drilling Summary please visit the following link: http://www.ccnmatthews.com/docs/adm1215.doc 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 resp onsibility for the adequacy or accuracy of this release. ANDINA Minerals Inc. (TSX VENTURE:ADM) |
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