Andresmin Announces Results from Winicocha Drilling Program.LIMA Lima, city, Peru Lima (lē`mə, Span. lē`mä), city (1990 metropolitan area est. pop. 6,400,000), W Peru, capital and largest city of Peru. Its port is Callao. , Peru -- Andresmin Gold Corporation ("Andresmin" or the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADGD) announces the results of 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 on their Winicocha Property in Cusco, Peru. The drill program comprised 11 diamond drill holes for 3640 meters and tested several induced polarisation geophysical anomalies over approximately 10% of the property area. The results for copper ranged from 1 ppm to 1.14% Cu. The results for gold ranged from below method detection limit (less than 1ppb ppb abbr. parts per billion ) to 2.68 g/t Au. All drill holes intersected copper and 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. . The largest significant intersection returned 83 metres at 0.28% copper equivalent and the best gold intersection returned 3.9 meters at 2.45 g/t gold (Table 1). Intersections of gold and copper are associated with multiple sills of felsic fel·sic adj. Containing a group of light-colored silicate minerals that occur in igneous rocks. [fel(dspar) + s(ilica) + -ic. intrusive and magnetite magnetite (măg`nətīt), lustrous black, magnetic mineral, Fe3O4. It occurs in crystals of the cubic system, in masses, and as a loose sand. skarn skarn In geology, a metamorphic zone developed in the contact area around igneous rock intrusions when carbonate sedimentary rocks are invaded by and replaced with chemical elements that originate from the igneous rock mass nearby. alteration. This type of geology has similarities to the Yanacocha District in northern Peru (mineralization associated with sills), and also the Tintaya, Las Bambas, and Constancia (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. skarn) projects which lie in the same mineralized belt as Winicocha. There are areas of significant lead and zinc values and these indicate that the drilling program likely intersected the outer halo of a porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. system.
Table 1: Significant Drilling Results
Inter- Sil- Cop- Copper
From val Gold ver per Mo Pb Zn Equiv.
Drillhole (m) To (m) (m) (g/t) (g/t)(ppm) (ppm) (ppm) (ppm) (%)
-------- -------------------------------------------------------------
14.5 16.1 2 0.267 1.74 1505 0.28
20 103.6 83.6 2.23 2421 0.28
WI-01-05 118.65 130.3 11.65 3151 0.32
Comment: Incl 2m @ 0.63%Cu
172 191.5 19.5 0.24 3470 2550 0.53
Comment: Incl 2m @1.14%Cu; 2m @ 2.0%Zn
226.5 228.5 2 0.6 1.12 0.26
----------------------------------------------------------------------
182.2 185.2 3 1.66 9.72 2616 3195 4515 1.30
WI-02-05 188.2 189.9 1.7 0.44 2.47 0.21
198.8 201.2 2.4 0.97 2.06 4704 0.58
210.2 213.7 3.5 0.52 3.29 774 1642 0.39
----------------------------------------------------------------------
142.5 145.5 3 1.25 4.71 1692 0.74
WI-03-05 145.5 148.5 3 0.11 2.25 3480 0.43
246.2 249.2 3 0.12 2.7 1428 151.5 0.50
----------------------------------------------------------------------
0 2.2 2.2 2.18 1507 2420 0.27
27.3 29.4 2.1 0.23 1.37 0.11
WI-04-05 54 56.4 2.4 0.42 0.96 0.18
111.1 114.1 3 0.31 5.85 1428 4110 8280 0.74
164 167 3 0.38 1.59 1557 0.33
----------------------------------------------------------------------
6 14 8 0.27 0.11
32.35 50.2 17.85 0.65 0.26
Comment: Incl 1.9m @ 2.45 g/t Au, 2m @ 2.68g/t Au
168.95 170.4 1.45 0.22 8.95 754 17980 34800 1.93
198.97 200.97 2 0.58 0.78 0.24
WI-05-05 215.35 221.35 6 1323 0.13
241.65 246 4.35 1920 0.19
252.8 272.75 19.95 0.27 1145 0.22
Comment: Incl 2m @ 2.14g/t Au
306.75 321.9 15.15 1016 0.10
323.9 327.9 4 1675 3040 0.14
334.48 349 14.52 0.11 1405 0.18
----------------------------------------------------------------------
WI-06-05 47.1 65.22 18.12 0.19 2106 0.15
Comment: Incl 2m @ 0.62 g/t Au
290 292 2 2790 6870 0.30
----------------------------------------------------------------------
15 23.7 8.7 0.3 2831 4153 0.33
37 39 2 0.234 2210 4520 0.30
69.9 73.9 4 0.084 5.01 4250 0.26
Comment: Incl 2m @ 0.12 g/t Au, 5.2 g/t Ag
116.87 124.9 8.03 0.33 2.9 1674 0.34
Comment: Incl 2m @ 1.26g/t Au, 7.6 g/t Ag
197.1 202.5 5.4 861 109 0.28
Comment Incl 2m @ 296ppm Mo
WI-07-05 210.72 212.5 1.78 1.32 1520 0.17
235.2 237.2 2 1165 0.12
290.3 294.45 4.15 1175 155 0.39
328.6 339.9 11.3 3806 0.38
Comment: Incl 2m @ 0.54%Cu
382 384 2 2.02 1640 0.19
388 390 2 0.16 792 0.14
----------------------------------------------------------------------
1.6 3.7 2.1 1420 1110 0.18
12.8 18.9 6.1 1485 0.15
21 22.9 1.9 0.31 0.12
WI-09-05 29.2 30.45 1.25 0.25 0.10
300.8 303.8 3 0.26 0.10
318.05 326.3 8.25 0.15 1.55 579 48.17 0.23
363.2 396 32.8 768 29.55 0.13
Comment: Incl 2m @ 149ppm Mo
----------------------------------------------------------------------
WI-10-05 282.4 294.4 12 0.24 1381 0.14
----------------------------------------------------------------------
WI-11-05 196.2 199.2 3 1305 4070 0.17
220.2 223.2 3 1135 0.11
----------------------------------------------------------------------
Andresmin's President, Mr. Dean de Largie, said, "The drilling program has shown that the area drilled on the Winicocha property intersected copper, gold and molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. mineralization with some significant intersections of lead and zinc. There have been several intrusive events ranging from syenite syenite (sī`ənīt), coarse-grained igneous rock, similar in appearance and composition to granite. Unlike granite, it contains little or no quartz. The chief minerals in syenite are the feldspars, with mica, hornblende, and pyroxene. to quartz-monzonite to monzodiorite. In the area drilled, these have intruded limestone forming multiple sills with very strong magnetite skarn alteration. Mineralization is strongly associated with the skarn environment and is also present in some intrusive phases unrelated to skarn alteration. This information will now be used to guide subsequent exploration and drilling programs." Mr. de Largie went on to say, "Winicocha remains a property of significant potential both for porphyry copper-gold and high sulphidation gold mineralization. The geology of the property is complex in that whilst the porphyry -- skarn complex is most obvious in the area drilled, high-sulphidation affinities are present in other areas of the property. For example, in the southern part of the property advanced argillic alteration represented by kaolinite kaolinite (kā`əlĭnīt), clay mineral crystallizing in the monoclinic system and forming the chief constituent of china clay and kaolin. quartz limonite limonite (līm`ənīt) or brown hematite (hĕm`ətīt, hē`–), yellowish to dark brown mineral, a hydrated oxide of iron, FeO(OH)·nH2 and powdery pow·der·y adj. 1. Composed of or similar to powder. 2. Dusted or covered with or as if with powder. 3. Easily made into powder; friable. Adj. 1. alunite al·u·nite n. A gray mineral, chiefly K2Al3(OH)6(SO4)3, used in making alum and fertilizer. is coincident with quartz and limonitic stockworking. This assemblage suggests low pH conditions. This style of alteration is visible over a total strike length of three kilometres and has significant anomalous gold geochemistry at surface. This area is yet to be drill tested and offers the potential for an oxide gold resource in an argillic litho lith·o n. pl. lith·os A lithograph. litho Noun pl -thos Adjective, adv short for lithography, lithograph, cap below which a porphyry copper system may be present." About Andresmin Gold Corporation Andresmin is committed to building shareholder value through the acquisition, exploration, and development of high quality mineral projects in the prime Central Andes region of South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , which annually produces 42% of the world's copper (over $18 billion each year). The Company has an impressive property portfolio with ten projects of merit encompassing 16,400 hectares of strategically located and highly prospective ground. The Winicocha copper-gold project in southern Peru is Andresmin's flagship project. Andresmin trades under the symbol ADGD on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on over-the-counter bulletin board. This news release may include forward-looking statements within the meaning of Section 27A of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Act of 1933 as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, Andresmin's analysis of opportunities in the acquisition and development of various project interests, and certain other matters. These statements are made under the "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1955 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. |
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