AND 4.55% $1.04 ansarada group limited

tastarga, page-11

  1. 13,419 Posts.
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    tastarga - I did actually meet budfox at the last AMEC meeting & I am sure budfox has no problems with you as we are all entitled to our own opinions. He has not written on any stocks lately as he is soooooooooo busy but he did give his opinion on hotcopper which is not printable on a family show.

    1 or 2 nice intersections as downside has mentioned on another thread.

    AND going great guns & to think I sold around 10c - such is life!!

    Andean delivers strong gold, silver from Eureka West
    10:45, Friday, 23 March 2007

    Sydney - Friday - March 23: (RWE Aust Business News) - Andean
    Resources (ASX:AND) has results from the latest diamond drill holes at
    Eureka West, Cerro Negro gold project, southern Argentina, which have
    returned more high-grade gold and silver values over minable widths.
    Strike extent at Eureka West is now in excess of 150m.
    Andean believes the current series of outcropping veins at the
    Eureka Main structure and Eureka West vein reflect the upper part of a
    strong hydrothermal system based on the high level quartz with
    chalcedony, strong resistivity anomalies over discrete vein segments, and
    surface rock chip samples.
    Consequently, Andean has targeted its initial drill testing of
    the Eureka system beneath the shallow drill holes of prior explorers, and
    also on a parallel vein, Eureka West, that was not identified by previous
    explorers.
    At a cut-off grade of 0.7 grams per tonne gold, consistent with
    open pit mining, all three holes returned substantial widths of
    mineralisation, including some internal waste, with outcomes as follows -
    12m of 24.1g/t gold, 300g/t silver from 137m and 2m of 3.7g/t gold, 12g/t
    silver from 161m, 34m of 6.1g/t gold, 28g/t silver from 116m, 22m of
    6.6g/t gold, 144g/t silver from 140m and 3m of 4.0g/t gold, 73g/t silver
    from 169m.
    Significant silver grades continue to be encountered when
    compared to Vein Zone (which has low silver values), and which could
    provide a meaningful by-product and reduced cash cost in any future
    mining operation.
    At an assumed underground cut-off of 2.5g/t gold two zones of
    mineralisation include 10m of 28.7g/t gold and 356g/t silver from 137m
    with 1m of 244.6g/t gold and 3065g/t silver and 2m of 3.7g/t gold and
    12g/t silver from 161m, and 12m of 11.7g/t gold and 29g/t silver from
    122m and 4m of 5.5g/t gold and 19g/t silver from 144m.
    There was also 17m of 7.8g/t gold and 165g/t silver from 141m.
    Good exploration potential exists along strike of the entire 4
    kilometre outcropping Eureka vein system.
    In addition, Andean fieldwork has recently discovered two narrow
    vein sets parallel to Eureka: a 750m outcropping vein one kilometre to
    the north and another vein, 500m long, 2 kilometres to the south.
    These additional veins require further exploration to
    define their extent and grade potential.
    Andean shares were up 5.5c to 52c
 
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