Friday, 2nd May 2008 (401 views)

Exploration and development firm Andina Minerals has reported "continued drilling success" at its Volcan project in Chile's Maricunga gold belt.

The company said the fourth phase of drilling work had made "significant" intercepts in both the Dorado West deposit and the NW zone.

These include intersections with gold grades of 1.01 g/t gold over 176 metres, 0.88 g/t gold over 210 metres and 1.22 g/t gold over a distance of 150 metres.

Other assay returns included gold values of 0.74 g/t gold over 124 metres, 0.85 g/t gold over 130 metres and 1.5 g/t gold over 70 metres.

Andina Minerals' president and chief executive Carl Hansen said "Drilling continues to successfully delineate and expand the dimensions of the Dorado West deposit and NW zone."

As Volcan's gold resources grow, he added, the company will turn its attention to technical issues and plans an economic assessment of its Dorado deposits in the second half of 2008.

The Volcan gold project is located around 170 kilometres east of Copiapo, Chile and around 23 metres from the Maricunga gold mine. It sits in an area that hosts a number of other deposits, including the La Coipa mine, Cerro Casale and Marte-Lobo.

 

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