SPOKANE, WA, Oct. 24 /CNW/ - Minera Andes Inc. (TSX: MAI and US OTC:
MNEAF) is pleased to report that a technical report in support of a resource
estimate for Minera Andes' Los Azules copper project in Argentina has been
filed in accordance with National Instrument 43-101.andis available at
The new technical report, by Minera Andes' independent consultant Donald
B. Tschabrun, MAusIMM, of Tetra Tech in conjunction with Robert Sim, P.Geo.,
an independent qualified person as defined by NI 43-101 and Bruce Davis,
FAusIMM, is entitled "Los Azules Copper Project San Juan Province, Argentina,
NI-43-101 Technical Report," and summarized in a Minera Andes news release
dated September 8, 2008 .
The report supports the independent resource estimate showing an inferred
resource at Los Azules of 922 million tonnes, grading 0.55 percent copper,
containing 11.2 billion pounds at 0.35 percent total copper ("CuT") cutoff.
This resource occupies an area approximately 3.7 km by 1 km in size and
contains a high-grade near surface copper core in the north (see maps in Sept.
8, 2008 news release).
Mr. Allen Ambrose, president of Minera Andes, an appropriately Qualified
Person as defined by NI 43-101 for the Los Azules project, has reviewed and
approved the content of this press release.
Minera Andes is a gold, silver and copper exploration company working in
Argentina. The Company holds about 304,000 acres of mineral exploration land
in Argentina including the 49% owned producing San José silver/gold mine. In
addition to exploring the Los Azules copper project in San Juan province other
exploration properties, primarily silver and gold, are being evaluated in
southern Argentina. The Corporation presently has 189,621,935 shares issued
This news is submitted by Allen V. Ambrose, President and Director of
Minera Andes Inc.
Caution Concerning Forward-Looking Statements:
This press release contains certain "forward-looking statements",
including, but not limited to, the statements regarding the Company's
strategic plans, evolution of mineral resources and reserves, work programs,
development plans and exploration budgets. The forward-looking statements
express, as at the date of this press release, the Company'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 base 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. Reference
is made to the risk factors and uncertainties described in the Company's
continuous disclosure record, a copy of which is available under the Company's
profile at www.sedar.com.
Cautionary Note to U.S. Investors:
The United States Securities and Exchange Commission (the "SEC") permits
mining companies, in their filings with the SEC, to disclose only those
mineral deposits with "mineral reserves" that a company can economically and
legally extract or produce. We use certain terms in this press release, such
as "mineral resources", that the SEC guidelines strictly prohibit us from
including in our filings with the SEC.
For further information:
For further information: 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: email@example.com;
Vancouver Office, 911-470 Granville Street, Vancouver, B.C., V6C 1V5, Phone:
(604) 689-7017, (877) 689-7018, E-mail: firstname.lastname@example.org