AND 4.55% $1.04 ansarada group limited

evening "acturtle"....many of the so called experts mentioned...

  1. 5,342 Posts.
    evening "acturtle"....many of the so called experts mentioned similar things waaaaay back about Andean?

    Aren't you today looking at some PART/EARLY results of "just another PART of the tenement"?....Yes agree, plenty more drilling to be done yet on the Eureka Zone.

    Have you had a chance to look at some of the other possibilities within the tenement(s) also owned by andean and what "MAY" lay ahead in the future?

    Perhaps an open pit scenario at Cerro Negro may have well in excess of a mil oz? I think it will be well in excess of this. But that's me when I saw the info/results/research when it was in the single figure prices.
    Perhaps many think this is a reasonable investment at these prices today? Perhaps they are thinking in the future? Sure looked like it?
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    Downside's file info copied from web/other sources material:

    MIM also within the tenement had the following:-

    Herradura Zone:

    This zone adjoins the vein zone to the East and was drilled on a wide spaced basis by MIM. Drilling by Christmas 2005. Has extensive areas of quartz float over an area of 600 x 400m, as well as soil geochemical anomalies defined by MIM. Thick gravels obscure a possible eastern continuation to the Herradura zone.
    MIM explored the area with soil geochemistry, geophysics, limited trenching, and 12 RC holes totalling 1632m, plus several other holes peripheral to the main prospect. These holes are widely scattered an at various orientations. Intersections include broad zones of low grade mineralisation—e.g.. 21m of 1.51 g/t Au. (or 58m .097 h/t Au.) in CNRC-15) as well as other higher grade zones as 18m of 4.52 g/t in CNRC-57.
    Structurally, the prospect seems to be a continuation of the Vein Zone, however additional drilling is required to determine the significance of previous intersections Further drilling will be undertaken in the phase 2 drilling campaign..
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    Bajo Negro Zone:-

    This zone is to the west of the vein zone and recently trenched by Andean resources. It is a recently discovered prospect area located ~ 1 km west of the Vein Zone which was identified from a re assessment of field work undertaken by previous explorers.
    Follow-up of anomalous gold values in MIM’s rock chip database led to the discovery of several small quartz vein outcrops. The outcrops appear to define NW trending veins, and are situated on a NW aeromagnetic anomaly similar to the one which coincides with Vein Zone mineralisation. Preliminary rock chip sampling of vein outcrops returned gold values of 5.57 g/t, 3.32 g/t and 2.07 g/t as well as other values less that 1 g/t. A single backhoe trench across the zone, sampled at 2m intervals, returned 4m @ 2.43 g/t Au. No drilling or additional exploration of this encouraging new zone has yet to be carried out, but further work will be included in the forthcoming Phase 2 drilling campaign.
    ----------------------------

    Las Margaritas:-

    At Las Margaritas, rock chip sampling has returned values of around 5.0g/t Au with quite high silver (200-300g/t Ag).
    -----------------------------

    Must admit has some good people on the register!....Perhaps they think there is much more to come?...Perhaps a listing o/s may help also?

    Downside also mentions as an exploration play, the stock is still of high risk.

    No offence meant..Just giving an opinion...
 
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