SPOKANE, WA, May 7 /CNW/ - Minera Andes Inc. (the "Corporation" or
"Minera Andes") (TSX: MAI and US OTC: MNEAF) is pleased to announce its 2009
exploration program on its 100%-owned Celestina and Martes 13 exploration
projects in the Santa Cruz province of Argentina. Drilling is scheduled to
start in the second week of May at the Celestina project and geophysical
surveys were recently completed to further identify drill targets at the
Martes 13 project.
Since commencing exploration in Argentina in the 1990s Minera Andes has
had a successful track record with two discoveries to its credit, the
now-producing San José mine (a joint venture between the Corporation and
Hochschild Mining plc in which the Corporation has a 49% interest) in the San
Cruz Province and the Los Azules porphyry copper project in the San Juan
Province, Argentina. As a result, Minera Andes has extensive expertise and
knowledge in the exploration for minerals in the Santa Cruz province of
Argentina, in particular, an important emerging gold/silver producing province
with four producing epithermal vein mines, three of which have been developed
in the last ten years.
A 1,500 meter core drilling program is about to commence on the Celestina
project. The Celestina project is located 40 kilometers southwest of AngloGold
Ashanti's producing Cerro Vanguardia mine in the Santa Cruz Province,
Argentina. Drilling at Celestina will explore an area with 10 epithermal veins
currently identified that outcrop in an area of 2.0 x 2.5 kilometers. Surface
geology, rock chip sampling, a ground magnetic survey, and gradient array
IP/Resistivity were used to plan the individual drill holes.
Martes 13 project
The Martes 13 project is located northwest of the Cerro Vanguardia mine
in the northeastern portion of Santa Cruz Province, Argentina. Recently
completed geophysical surveys completed by Quantec Geoscience Argentina SA, on
behalf of Minera Andes, included 44 line-kilometers of gradient array
IP/resistivity and 86 line-kilometers of ground magnetic survey. A 1,500 to
2,000 meter diamond drilling program is planned for later this year and will
be based on targets defined from the recent surface geologic mapping, rock
chip geochemistry, and geophysics.
In addition to the Celestina and Martes 13 Projects, Minera Andes has
several other prospects in the Santa Cruz province including the Telken
prospect, located west of and contiguous to Andean Resources Eureka high-grade
gold/silver discovery. Exploration is also planned for these areas.
Information of a scientific or technical nature in this news release was
prepared under the supervision of Allen V. Ambrose, President of Minera Andes,
a "qualified person" under National Instrument 43-101 - "Standards of
Disclosure for Mineral Projects".
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, including the properties
comprising the San José silver/gold mine (a joint venture between the
Corporation and Hochschild Mining plc in which the Corporation has a 49%
interest). Minera Andes is also exploring the Los Azules copper project in San
Juan province, Argentina in respect of which a preliminary assessment has been
completed and a technical report filed. Other exploration properties,
primarily silver and gold southern Argentina, are being evaluated. The
Corporation presently has 230,538,851 shares issued and outstanding.
This news is submitted by Allen V. Ambrose, CEO, President and Director
of Minera Andes Inc.
Caution Concerning Forward-Looking Statements:
This news release contains forward-looking statements and forward-looking
information within the meaning of applicable US and Canadian securities laws.
Such forward-looking statements or information include expected mineralization
at the Corporation's Celestina and Martes 13 exploration projects. In making
the forward-looking statements and providing the forward-looking information,
we have made numerous assumptions. Although our management believes that the
assumptions made and the expectations represented by such statements or
information are reasonable, there can be no assurance that the forward-looking
statements will prove to be accurate. Forward-looking statements and
information involve known and unknown risks, uncertainties and other factors
that may cause our actual results to be materially different from that
expressed or implied by such forward-looking information. Such risks,
uncertainties and other factors include among other things, the speculative
nature of mineral exploration.
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: please contact: Art Johnson at the Spokane
office, or Krister A. Kottmeier, investor relations - Canada, at the Vancouver
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: firstname.lastname@example.org; Vancouver Office: 911-470 Granville Street,
Vancouver, B.C., V6C 1V5, Phone: (604) 689-7017, (877) 689-7018, E-mail: