Andean Resources (ASX/TSX: AND) today announced further encouraging results from the ongoing drilling program at Cerro Negro. Today’s results include new high-grade discoveries at Mariana Norte and an update on the recently announced San Marcos discovery.

Mariana Norte is located about 2km southwest of the San Marcos veins and drilling has discovered at least 3 veins beneath the surface:

MRC 905: 4m of 10.9 g/t gold and 6 g/t silver from 80m
MRC-906: 7m of 18.5 g/t gold and 87 g/t silver from 186m and;
18m of 20.6 g/t gold and 33 g/t silver from 205m
MRC-909: 6m of 11.0 g/t gold and 90 g/t silver from 77m
MRC-911: 7m of 12.3 g/t gold and 142 g/t silver from 131m and;
6m of 41.8 g/t gold and 81 g/t silver from 141m and;
2m of 15.1 g/t gold and 30 g/t silver from 153m

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I hold ANDEAN and have been greatly encouraged by the local commentary that suggests that AND will be one of the cheapest producers in the world with a production cost of around AUD$125 per oz.