April 15, 2010, Salt Lake City, UT -- Andean Resources (ASX/TSX: AND) is pleased to announce results from the ongoing exploration program at its wholly owned Cerro Negro Project in Santa Cruz Province, Argentina. Discovery of the San Marcos, Mariana Norte, and Mariana Central vein systems located 4 to 6 kilometers northeast of the Eureka deposit has lead to a focused drill program that is defining the shape and extent of these potential ore bodies.
Highlights include: San Marcos � Confirming and extending mineralization along strike by 100 meters SDD-1004: 12.4m of 16.5 g/t Au and 131 g/t Ag from 143.6m SDD-1005: 6.4m of 10.7 g/t Au and 144 g/t Ag from 142.7m SDD-1007: 3.65m of 12.2 g/t Au and 52 g/t Ag from 108m SDD-1008: 11.45m of 15.2 g/t Au and 136 g/t Ag from103.55m SDD-1009: 8.3m of 9.6 g/t Au and 76 g/t Ag from 250m SDD-1010: 8.9m of 24.5 g/t Au and 292 g/t Ag from 121m and 5.3m of 12.8 g/t Au and 80 g/t Ag from 141.7m SDD-1012: 6.4m of 19.8 g/t Au and >100 g/t Ag from 226.9m and 12.3m of 15.6 g/t Au and 100 g/t Ag from 256.7m Holes SDD-1010 and SDD-1012 extended the mineralization in the San Marcos veins a further 100 meters to the east and could have intersected the veins at a shallower angle due to a potential change in the vein dip. The change in strike and dip are currently being confirmed by additional drilling. San Marcos remains open to the east and at depth.
Mariana Norte � New assays confirm mineralized strike length of at least 300 meters MDD-1011: 9.0m of 15.8 g/t Au and 72 g/t Ag from 163.4m MDD-1013: 3.0m of 9.5 g/t Au and 89 g/t Ag from 184.0m MDD-1015: 8.4m of 22.7 g/t Au and 57 g/t Ag from 173.6m MDD-1018: 13.9m of 16.2 g/t Au and 176 g/t Ag from 76.0m Further drilling has extended these veins an additional 100 meters to the northwest; this vein system remains open along strike and to depth.
Mariana Central � Downdip extension of 110 meters MDD-1009: 5.9m of 55.5 g/t Au and 199 g/t Ag from 207.3m Further drilling has extended this vein system an additional 225 meters; assays are pending and the vein remains open to depth and along strike.
Regards, Krista Muhr Director of Investor Relations Andean Resources In N.A.: 647.330.1478 In Australia: 0448 886 460 E: [email protected]
AND Price at posting:
$3.08 Sentiment: LT Buy Disclosure: Held
