"at last -the fun begins here"

ASX
Announcement
Date:: 15 March 2005
ANDEAN RESOURCES
LIMITED
A.C.N. 064 494 319
1/1 Nairn Street
Fremantle WA. 6160
T: 61 8 9430 9966
F: 61 2 9430 9965
ANDEAN COMMENCES 7000 METRE DRILL
PROGRAM AT CERRO NEGRO
Andean Resources Limited (ASX:AND) is pleased to announce that drilling has
commenced at the Company’s 100% owned Cerro Negro gold project in Southern
Argentina.
The objectives of the planned 7000 metre drilling program are to:
• Expand the current inferred resource along strike.
• Test for deeper extensions (below 150m) to the existing mineralisation at Vein
Zone where previous drilling has highlighted gold grades increasing with depth, a
common feature of epithermal gold systems;
• Increase the understanding and confidence in the Vein Zone Prospect such that a
new resource calculation, compiled to Indicated Status, can be prepared; and
• Assess the potential of the nearby Heradura prospect where RC drilling of
outcropping quartz veins by previous owners, MIM Limited, has demonstrated
numerous gold intercepts.