SPOKANE, WA, Sept. 9 /CNW/ - Minera Andes Inc. (the "Corporation" or
"Minera Andes") (TSX: MAI and US OTC: MNEAF) announced today that it has been
advised by Minera Santa Cruz SA ("MSC"), that production was suspended Monday
at the San José Mine in Argentina due to a dispute over certain workplace
issues with the local mining union, AOMA (Asociación Obrera Minera Argentina).
The San José project is operated by MSC, which is owned 51% by Hochschild
Mining plc and 49% by Minera Andes.
Daily production at the San José mine has been running at a rate of
approximately 32,600 silver equivalent ounces (of which the share attributable
to Minera Andes is approximately 16,000 silver equivalent ounces).
The Corporation will keep the market informed of developments as they
Minera Andes is a gold, silver and copper exploration company focused in
Argentina. The Corporation holds or has an interest in approximately 304,000
acres of mineral exploration land in Argentina located in the regions near the
San José mine and the Los Azules copper project in San Juan province where a
scoping study has been completed and the Corporation is awaiting a decision by
its joint venture partner, Xstrata Copper Company, if it will exercise its
right to back in to a 51% ownership of the project. The San José joint venture
property covers 50,941 hectares and is not included in the acres noted above.
Other exploration properties, primarily silver and gold, in southern
Argentina, are being evaluated.
This news release is submitted by James K. Duff, Chief Operating Officer
of Minera Andes Inc.
Caution Concerning Forward-Looking Statements:
This press release contains certain forward-looking statements and
information, including those related to the resumption of work at the San José
Mine. The forward-looking statements and information express, as at the date
of this press release, the Corporation's plans, estimates, forecasts,
projections, expectations or beliefs as to future events and results.
Forward-looking statements involve a number of risks and uncertainties, and
there can be no assurance that such statements will prove to be accurate.
Therefore, actual results and future events could differ materially from those
anticipated in such statements. Risks and uncertainties that could cause
results or future events to differ materially from current expectations
expressed or implied by the forward-looking statements include, but are not
limited to, factors associated with fluctuations in the market price of
precious metals, mining industry risks, risks associated with foreign
operations, the state of the capital markets, environmental risks and hazards,
uncertainty as to calculation of mineral reserves and other risks.
Readers should not place undue reliance on forward-looking statements or
information. We undertake no obligation to reissue or update forward-looking
statements or information as a result of new information or events after the
date hereof except as may be required by law. See our annual information form
for additional information on risks, uncertainties and other factors relating
to the forward-looking statements and information. All forward-looking
statements and information made in this news release are qualified by this
For further information:
For further information: Art Johnson at the Spokane office; Visit our
Web site: www.minandes.com; Spokane Office, 111 East Magnesium Road, Ste. A
Spokane, WA, 99208, USA Phone: (509) 921-7322, E-mail: email@example.com