Andresmin Completes First Phase 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) is pleased to announce it has completed its drilling campaign on the Winicocha Project in Peru. The drilling program was extended from a planned 3,000 metres to 3,640 metres completed over 11 drillholes. The extension of the drilling program, in terms of drilling depth and number of drillholes, was based on favorable porphyry and skarn-style geology being encountered in all drillholes. The drilling program tested a strike length of 2.5 km on the eastern side of the project area. Drillhole depths ranged from 207 metres to 435 metres. Drillcore recovery was excellent and a credit to the quality control procedures executed by both the on-site geologists and the drilling contractor, Bradley-MDH. Drillcore has been cut by diamond saw, sampled on-site, and sent to ALS-Chemex for analysis. The analysis of sample results and geological compilation of the drilling program is expected to be complete in approximately five weeks. Geological logging indicates that copper 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. is present in the form of finely disseminated chalcopyrite associated with a large altered diorite diorite Medium- to coarse-grained igneous rock that commonly is composed of about two-thirds plagioclase feldspar and one-third dark-coloured minerals, such as hornblende or biotite. intrusive stock with quartz monzonite to monzodiorite dykes. There are multiple sills of porphyritic por·phy·rit·ic also por·phy·rit·i·cal adj. 1. Of or containing porphyry. 2. Containing relatively large isolated crystals in a mass of fine texture. Adj. 1. diorite intruding limestone 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. , forming enriched alteration zones at depth. The Winicocha drilling program was designed to test the authenticity of geophysical anomalies defined during the 2004 and 2005 geophysics programs and test the extension of surface geochemical anomalies. 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, 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. Exploration is ongoing on all projects. 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 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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