ANDINA Minerals Inc.: Volcan Drilling Continues to Return Significant Results.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Intersections Include 102 Metres Grading 1.48 g/t Gold 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 update the progress of the Company's definition drilling program on its Volcan Gold Project located 23 kilometres northeast of the Refugio gold mine, operated by Kinross Gold Kinross Gold Corporation (TSX: K, NYSE: KGC) is a Canadian gold mining company. It is the seventh largest primary gold producer in the world.[1] See also
1. ^ Kinross Gold. Corporation, and 170 kilometres east of Copiapo, Chile. To date, a total of 12,600 metres of drilling in 44 drill holes have targeted the East and Central Zones in preparation for a new resource estimate scheduled for release prior to the end of February February: see month. 2006. East Zone The recently completed East Zone drilling campaign, designed to increase the previously established inferred resource and to convert a portion of the inferred resource estimate to the indicated category, continues to returned significant results. DVA-02, which cut 102 metres grading 1.48 g/t gold including a 64 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, interval grading 1.92 g/t gold, extended the southern contact of the East Zone by approximately 25 metres and confirmed the depth extension from surface of a higher grade core 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. . DVA-12 (additional results pending), RVA-13 and RVA-15, all drilled into the western portion of the East Zone, both established and confirmed the presence of significant widths of gold mineralization (see table 1 below and table 2 attached for further details). Drill plans are available on the Company's website at www.andinaminerals.com.
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Table 1. Summary of Significant Volcan Drill Assay Results
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Hole # Zone From To Length(1) Grade(2)
(metres) (metres) (metres) (g/t gold)
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DVA-02 East 110 212 102 1.48
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including 112 176 64 1.92
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DVA-12(3) East 44 130 86 0.94
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including 72 130 58 1.03
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RVA-13 East 66 106 40 0.60
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RVA-15 East 0 124 124 0.86
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RCA-10 Central 0 34 34 0.89
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and 114 172 58 1.03
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RCA-16 Central 0 102 102 0.86
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and 206 238 32 0.52
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RCA-17 Central 30 76 46 0.63
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(1) Assay composite intervals are based upon a 0.5 g/t cut off grade
(2) All intervals represent downhole lengths and not true widths
(3) Assay results for the last 82 metres of DVA-12 are pending
Central Zone Recent results from the largely completed Central Zone drilling campaign continue to confirm the potential of the area to host significant gold mineralization. The drill campaign was initially planned to explore the potential of a zone of gold mineralization discovered by Andina during a program of surface channel sampling. As preliminary drill results confirmed the potential scale of the mineralization, the drill program was significantly expanded and a resource estimate is now pending. Highlights from the recent Central Zone resource drilling campaign (see table 1 above and table 3 attached) include 102 metres grading 0.86 g/t gold confirming the northwest - southeast trend of the Central Zone and 58 metres of 1.03 g/t gold extending the gold mineralization discovered in RCA-09 to depth. Of particularly note is the 46 metre interval grading 0.63 g/t gold returned in drill hole RCA-17. This intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. represents another parallel zone of gold mineralization, the second discovered to date, located approximately 100 metres northeast of the core of the Central Zone further increasing the potential of area. Drill holes RCA-03 and RCA-18 were drilled on the fringes On The Fringe is a popular Pakistani television show on Indus Music. It is hosted and scripted by the eccentric television host and music critic, Fasi Zaka and directed by Zeeshan Pervez. of the Central Zone and the results, while somewhat disappointing, were not unexpected. Ongoing Exploration Program Drilling of the East and Central Zones in preparation for a new resource estimate, scheduled for release prior to the end of the February 2006, has largely been completed. The diamond drill rig remains on the property drilling additional targets such as the West Zone where recent channel sampling returned 185 m grading 0.80 g/t gold (see Andina January January: see month. 11, 2006 press release). Reverse circulation drilling is presently halted until early March while further targets are being prepared for drilling. In addition to the continuing diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral , a property wide prospecting and mapping program is presently ongoing with the objective of outlining additional targets for upcoming trenching and drilling programs. About Andina Minerals Inc. Andina is an Americas A·mer·i·cas , the See America. 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. The Company 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 guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. of National Instrument 43-101, the qualified person for the Volcan exploration project is Eduardo Eduardo is the Italian/Portuguese/Spanish form of the male given name Edward. It may refer to: In football (soccer):
SAIMM Systems Applications International Mesoscale Model SAIMM South African Infrastructure Management Manual with over 30 years of industry experience. Mr. Magri has approved the exploration program and established the quality assurance and quality control programs to ensure the accuracy of the collection and analysis of samples. The reverse circulation ("RC") chips and diamond drill core from Andina's ongoing drill campaign are collected at the drill under the direct supervision of Andina staff. All samples are appropriately logged, tagged and securely stored prior to shipping to Asesoria Minera Minera (Welsh: Mwynglawdd) is a small village in the county borough of Wrexham in north-east Wales. It borders Coedpoeth to the east and Bwlchgwyn to the west. 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 an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. for gold using fire assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. techniques with atomic Indivisible. An atomic operation, or atomicity, implies an operation that must be performed entirely or not at all. For example, if machine failure prevents a transaction to be processed to completion, the system will be rolled back to the start of the transaction. absorption finish. Samples which returned gold values greater than 1.00 gram per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. 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 DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. samples are inserted in·sert tr.v. in·sert·ed, in·sert·ing, in·serts 1. To put or set into, between, or among: inserted the key in the lock. See Synonyms at introduce. 2. 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, Chile 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 Technical Report titled "Technical Report on the Volcan Gold Project. Region III, Chile" dated November November: see month. 2005 and available at www.sedar.com provides a summary of the Volcan inferred resource estimate published by the Company in October October: see month. 2005. Further, 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. securities regulators. Actual results could differ from those currently projected.
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Table 2 - Volcan Project Phase II Drilling Summary - February 9, 2006
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East Zone
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Leng-
Drill North- Easting Elev. Length Azim. Dip From To th(1) Grade
# ing (me- (me- (me- (me- (me- (g/t-
tres) tres) tres) tres) tres) Au)
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DVA-02 6971344 484767 4888 272.4 183 -61 50 64 14 0.41
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64 78 14 0.86
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110 212 102 1.48
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including 112 176 64 1.92
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and 176 212 36 0.74
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DVA-12 6971417 484641 4929 290 185 -62 44 130 86 0.94
(2)
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including 44 64 20 0.92
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and 72 130 58 1.03
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158 208 50 0.44
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RVA-13 6971374 484686 4915 200 008 -64 22 106 84 0.64
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including 22 34 12 0.86
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and 34 66 32 0.32
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and 66 106 40 0.84
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106 126 20 0.42
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RVA-15 6971305 484622 4936 150 012 -60 0 150 150 0.79
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including 0 40 40 0.81
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and 40 52 12 0.41
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and 52 124 72 0.96
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124 150 26 0.47
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- "R" prefixed Drill #'s are reverse circulation drill holes
- "D" prefixed Drill #'s are diamond drill holes
(1) All intervals represent downhole lengths and not true widths
(2) Assay results for the last 82 metres of DVA-12 are pending
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Table 3 - Volcan Project Phase II Drilling Summary - February 9, 2006
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Central Zone
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Leng-
Drill North- Easting Elev. Length Azim. Dip From To th(1) Grade
# ing (me- (me- (me- (me- (me- (g/t-
tres) tres) tres) tres) tres) Au)
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RCA-03 6971034 483679 5033 150 000 -60 124 138 14 0.44
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138 150 12 0.67
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RCA-10 6971037 483998 5004 350 175 -53 0 34 34 0.89
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34 64 30 0.48
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104 114 10 0.30
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114 172 58 1.03
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172 198 26 0.39
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RCA-16 6971057 483801 5017 350 050 -50 0 102 102 0.86
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102 114 12 0.34
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206 238 32 0.52
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RCA-17 6971086 483996 5017 300 000 -61 0 30 30 0.40
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30 76 46 0.63
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76 92 16 0.31
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RCA-18 6970927 484089 4961 188 000 -59 0 10 10 0.72
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- "R" prefixed Drill #'s are reverse circulation drill holes
- "D" prefixed Drill #'s are diamond drill holes
(1) All intervals represent downhole lengths and not true widths
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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