Andina Updates Volcan Resource Drilling Program.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 -- East Zone Drilling Returns 42 Metres Grading 1.88 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 East Zone definition drilling program on its Volcan Gold Project located 170 kilometres east of Copiapo, Chile and 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. The East Zone drilling program has been completed with approximately 4,600 metres drilled. Table 1 summarizes the results from the latest batch of drill hole assay results and Table 2 (attached) presents a more detailed summary. Diamond drill hole DVA-03, drilled to test the down dip extension of the East Zone, cut two significant intervals 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. : 0.75 g/t gold over 24 metres starting 182 metres down hole and 1.88 g/t gold over 42 metres starting 232 metres down hole. The two intervals were separated by a 26 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, barren bar·ren adj. 1. Not producing offspring. 2. Incapable of producing offspring. barren see infertility. barren adjective Gynecology Infertile, sterile, fruitless, inconceivable dacitic Adj. 1. dacitic - relating to or consisting of dacite; "dacitic magma is highly viscous" dyke. The width of the entire 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 noted above, including the 26 metre dyke, was 92 metres which grades 1.08 g/t gold. DVA-03 confirmed the extension of the East Zone to a depth of 275 metres below surface and 175 metres below the mineralization cut in DVA-01 (146 m grading 1.27 g/t gold).
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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-01 East 114 175 62 0.83
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East 264 290 26 0.96
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DVA-03 East 182 206 24 0.75
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East 232 274 42 1.88
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RVA-04 East Low grade interval of 162 m @ 0.42 g/t gold
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DVA-05 East 90 102 12 0.68
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East 152 178 26 0.82
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RVA-07 East 42 154 112 0.72
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East 256 288 32 0.86
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DVA-11 East 188 196 8 0.62
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East 220 294 74 0.81
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including East 220 250 30 0.65
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and East 268 294 26 1.28
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(i) assay intervals based upon a 0.5 g/t cut off grade
Note: All intervals represent downhole lengths and not true widths.
Drill holes RVA-01, RVA-04 and DVA-05 were drilled to define the western limits of the East Zone returning intervals and gold grades as anticipated. Drill hole RVA-07 was collared into the North 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. of the East Zone confirming a broad zone of +0.5 g/t gold mineralization (112 m grading 0.72 g/t gold) before cutting a zone of lower grade mineralization and then confirming the extension of the narrower South Breccia (32 m grading 0.86 g/t gold) at a depth of approximately 275 metres below surface. DVA-11 was drilled along section VC-8 targeting the down dip extension of the mineralization in RCA-010 (176 m grading 1.26 g/t gold starting from surface). DVA-11 cut a large interval of gold mineralization, 74 metres grading 0.81 g/t, including 30 metres grading 0.65 g/t gold and 26 metres grading 1.28 g/t gold. The entire 74 metre occurs within a wider 188 metre interval gold mineralization which, if taken as a whole, would grade 0.54 g/t gold. 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 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 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 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 techniques with atomic 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 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. . 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.
Table 2 - Volcan Project Phase II Drilling Summary - Jan 23, 2006
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East Zone
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Drill North- Easting Elev. Length Azim. Dip From To Dist. Grade
# ing (me- (me- (me- (me- (me- (g/t-
tres) tres) tres) tres) tres) Au)
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RVA-01 6971276 484569 4945 300 005 -60 98 114 16 0.39
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114 176 62 0.83
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254 264 10 0.34
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264 290 26 0.96
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290 298 8 0.44
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DVA-03 6971516 484794 4900 287 185 -62 66 182 116 0.41
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182 274 92 1.08
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inclu- 182 206 24 0.75
ding
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and 232 274 42 1.88
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RVA-04 697154 486118 4930 350 005 -60 56 218 162 0.42
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DVA-05 6971295 484672 4915 330 005 -65 90 102 12 0.68
(1)
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152 178 26 0.82
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178 270 92 0.45
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RVA-07 6971445 484736 4905 314 185 -70 0 42 42 0.40
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42 154 112 0.72
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154 176 22 0.35
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224 256 32 0.47
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256 288 32 0.86
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288 314 26 0.36
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DVA-11 6971416 484892 4860 418.6 185 -60 148 188 40 0.31
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188 196 8 0.62
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220 294 74 0.81
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inclu- 220 250 30 0.65
ding
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and 250 268 18 0.42
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and 268 294 26 1.28
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294 336 42 0.42
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- "R" prefixed Drill #'s are reverse circulation drill holes
- "D" prefixed Drill #'s are diamond drill holes
(1) - DVA-05 drilled by reverse circulation methods to 86 m, then
diamond drilled to end of hole
Note: 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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