ANDINA Minerals Inc.: Volcan East Zone Drilling Returns 176 Metres Grading 1.256 g/t Gold.TORONTO -- Drilling Also Confirms Central Zone Potential With 104 Metre Intersection Grading 1.579 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 very pleased to announce the first results from its 7,600 metre, Phase II Volcan Gold Project drilling program. Andina's 5,450 hectare hectare (hĕk`târ, –tär), abbr. ha, unit of area in the metric system, equal to 10,000 sq m, or about 2.47 acres. Volcan property is strategically located in the Maricunga Gold Belt, 170 kilometres east of Copiapo, Chile. Gold assays have been received from three reverse circulation ("RC") drill holes, one which targeted the East Zone and two which tested the previously undrilled Central Zone. At the East Zone, drill hole RVA-10 returned a 176 metre interval, starting from surface, that grading 1.256 grams per tonne gold. The interval increases the width and confirms the easterly strike extension of the 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. . At the Central Zone, located 600 metres west southwest of the East Zone, the first hole drilled into the mineralization, RCA-08, returned 104 metres grading 1.579 grams per tonne gold starting at 36 metres down hole. A second hole, RCA-02, a 300 metre step-out hole from RCA-08 drilled to intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. a 25 metre wide zone of mineralization on surface, returned 70 metres grading 0.634 grams per tonne gold commencing 200 metres down hole. "The first results from our Phase II drill program continue to support our view that the Volcan Property has the potential to host significant gold mineralization." said Carl Hansen, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Andina. "The Central Zone drill results confirm that we have established another major target for our ongoing resource drilling campaign which we will aggressively drill. Also, the results confirm our belief that the East Zone gold mineralization has the potential to further expand."
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Table 1 - Summary of Drill Assay Results
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Hole # Zone From To Dist. Grade(a)
(metres) (metres) (metres) (g/t gold)
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RVA-10 East 0 176 176 1.256
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RCA-08 Central 36 140 104 1.579
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RCA-02 Central 200 270 70 0.634
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incl. 200 222 22 0.859
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and 232 270 38 0.583
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(a)drill hole assay intervals based upon a 0.5 g/t cut off grade
Table 1 and 2 summarize sum·ma·rize intr. & tr.v. sum·ma·rized, sum·ma·riz·ing, sum·ma·riz·es To make a summary or make a summary of. sum the drill results and maps of the location of the drill holes are available on the Company's website at www.andinaminerals.com. East Zone Drill hole RVA-10 (176 m grading 1.256 g/t Au) confirmed the extension of the mineralization an additional 50 metres to the east and the 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. interval was wider than anticipated, continuing from surface to a depth of 176 metres. At 176 metres, a fault was intersected and assay results below the fault were not of economic interest. Additional drilling is now planned in the area of RVA-10 to outline the boundaries of mineralization. In October 2005, Andina announced an initial inferred resources estimate for the East Zone of 12,300,000 million tonnes grading 1.04 gram per tonne gold giving 411,700 ounces of gold (see Andina's October 27, 2005 press release for further details). The focus of the Company's ongoing 3,500 metre East Zone drill program is twofold: one, to infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. drill areas where further information is necessary; and two, to expand the known inferred resource to depth and along strike. An updated resource estimate is planned for February 2006. Central Zone The Central Zone, which is the focus of an ongoing 2,750 metre drill program, was discovered by Andina during its Phase I exploration program completed in May 2005. RCA-08 (104 m grading 1.58 g/t gold) was drilled south into the core of the Central Zone confirming the gold mineralization previously reported from channel sampling from two trenches that returned 1.04 grams per tonne gold over 100 metres and 2.02 grams per tonne gold over 50 metres. Assay results from a diamond drill hole collared 160 metre south of RCA-08 and drilled to the north are pending. RCA-02 (70 m grading 0.634 g/t gold), drilled 300 metres west northwest Noun 1. west northwest - the compass point midway between west and northwest WNW compass point, point - any of 32 horizontal directions indicated on the card of a compass; "he checked the point on his compass" of hole RCA-08 cut the downdip projection of a surface trench from which channel sampling returned 25 metres grading 1.08 gram per tonne gold. The Central Zone drill results are very significant development for Andina in that they establish that the gold mineralization at the Central Zone, previously only known from surface channel sampling, extends to depth. The mineralization has been outlined over a strike length of approximately 500 metres and is open along strike in both directions and to depth. Drilling will continue with the goal of preparing a resource estimate for the Central Zone for February 2006. 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 commitment and making a series of escalating payment end 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 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 chips from Andina's ongoing drill campaign are collected at the drill under the direct supervision of Andina staff. Samples of approximately 70 kilograms in weight are collected over 2 metre intervals. The samples are tagged, secured and transported to the Andina exploration camp and then to Andina's secure sample logging and preparation site near Copiapo, Chile. Chip samples are logged and 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. Samples are appropriately tagged and securely stored prior to shipping to Geoanalitica S.A.'s laboratory in La Senera, Chile Samples are processed and analyzed for gold using fire assay techniques with atomic absorption finish and for 32 element 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. . Samples which returned gold values greater than 1.00 gram per tonne are re-analyzed by Geoanalitica S.A. 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. Michael Easdon, a Register Professional Geologist of Santiago, Chile Santiago, officially Santiago de Chile (Spanish: (helpinfo)), is the capital of Chile, and the center of its largest conurbation (Greater Santiago). and an "Independent Qualified Person" as defined by National Instrument 43-101 of the Canadian Securities Administrators Canadian Securities Administrators(CSA) is a forum for the 13 securities regulators of Canada's provinces and territories to coordinate and harmonize regulation of the Canadian capital markets. audited and confirmed the resource estimate presented in this press release. 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 securities regulators. Actual results could differ from those currently projected. To view the Table 2 - Phase II Drilling Results please click on the following link: http://www.ccnmatthews.com/docs/adm1121.pdf 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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