I’ve held this little beauty for almost 12\/12 nice to see such good results… reminds me of AZS stuff.<\/p>\n
ANDEAN RESOURCES LIMITED (ASX:AND)
\n——————————————————-
\nNew High-Grade Vein Discovery at Bajo Negro
\n——————————————————-
\nExploration Update | Drilling Report
\n——————————————————-
\nANDEAN CONFIRMS NEW HIGH-GRADE VEIN DISCOVERY AT BAJO NEGRO
\nMay 19, 2009, Perth Australia — Andean Resources (AND:ASX; AND:TSX) is pleased to report new and potentially significant results from deeper drilling completed at the recently drilled Bajo Negro vein at its 100% owned Cerro Negro gold and silver project in Southern Argentina. Today\u2019s results include the following:
\n\u2022 BRC-908 intersected 6m of 23.9 g\/t gold and 22 g\/t silver
\n\u2022 BRC-911 intersected 7m of 60.7 g\/t gold and 90 g\/t silver
\n\u2022 BDD-913 intersected 7.75m of 38.9 g\/t gold and 45 g\/t silver
\n\u2022 Drilling to date has tested the structure over a strike length of approximately 350m coincident with a north-west trending geophysical lineament of almost 5 km
\n\u2022 The results received so far show a rapid and consistent increase in the strength of mineralization with depth
\nReported widths are intersected widths, and true widths are less in every case (see Table 1 for detailed drill data). Andean has assumed an underground cut-off grade of 2.5 g\/t gold at Bajo Negro for all the interval summaries reported in this release.
\nBajo Negro Vein Discovery
\nSince the start of the year and at the completion of the infill drilling campaign at the Eureka West veins, Andean\u2019s exploration team have used one drill rig to test some of their highest priority targets on the highly prospective Cerro Negro land position. The Bajo Negro vein is located 13 kilometers east of the Eureka West veins and 2 km south-west of the Vein Zone deposit (see Figure 1).
\nThe Bajo Negro vein, identified in 2006, displayed only sporadic surface outcrop extending over 100m in a north-westerly direction. Trenching and surface sampling resulted in a range of gold grades from anomalous to 3 g\/t gold and increased the known strike length to 350m.
\nTo-date, twelve RC holes and one core hole have been drilled along approximately 350m of strike length of the Bajo Negro vein. The mineralization remains open to the north-west, south-east and at depth. Results suggest a high grade gold zone below 750 meter elevation.
\nThe following new intersections, taken in conjunction with previously-announced results, define the upper part of an ore shoot which is open to depth and along strike:
\nBRC-906: 2m of 26.1 g\/t Au and 49 g\/t Ag from 230m
\nBRC-907: 2m of 21.4 g\/t Au and 35 g\/t Ag from 232m
\nBRC-908: 6m of 23.9 g\/t Au and 22 g\/t Ag from 166m
\nBRC-909: 2m of 5.9 g\/t Au and 6.5 g\/t Ag from 113m
\nBRC-910: 5m of 5.2 g\/t Au and 6 g\/t Ag from 152m
\nAnd 4m of 8.5 g\/t Au and 7 g\/t Ag from 166m
\nBRC-911: 7m of 60.7 g\/t Au and 90 g\/t Ag from 160m
\nBRC-912: 8m of 8.5 g\/t Au and 29 g\/t Ag from 144m
\nBDD-913: 7.75m of 38.9 g\/t Au and 45 g\/t Ag from 204.5m
\nThe first core (diamond) hole, BDD-913 supports the grade and thickness of the mineralization intersected by the reverse circulation holes. The Bajo Negro vein lies on an aeromagnetic lineament which extends NW and SE of the area currently drilled, for approximately 5 km. Geological evidence indicates that the present-day land surface has undergone minimal erosion from the surface at the time the vein was formed, suggesting the possibility of additional blind ore shoots along this trend.
\nThe discovery of this new area of mineralization supports Andean\u2019s view that significant exploration potential remains at Cerro Negro for the discovery of additional mineralization.
\nNext Steps
\nOne drill-rig will shortly be moved to Bajo Negro. Proposed exploration includes:
\n\u2022 Continue drilling the vein at 50 meter centers along strike and at depth to further define the extent of mineralization present at Bajo Negro;
\n\u2022 Drill step-out holes, with a focus on the South East, on more widely spaced fences,
\n\u2022 Consider a gradient array resistivity survey of 100 line kilometer to explore aeromagnetic lineaments to the North West.
\nAndean is also finalizing a resource estimate on its Eureka veins, (where drilling continues), for release at the end of May. Since Bajo Negro has only recently been drilled, a resource update for this zone will be provided at a later date. The Company is planning to drill through the winter months for the first time with covered skid mounted diamond rigs. Drilling updates will continue to be provided.
\nIn the above table, the Gauss Kruger coordinate system and the Campo Inchauspe datum are used to define drill hole collar positions. However on the longitudinal projection of the Eureka West Vein, the coordinate system refers to a local grid established for drilling the Eureka West Vein.
\nQuality Control and Assurance
\nThe analytical results quoted in this release are derived from half drill core in the case of diamond drill holes, or from cuttings in the case of reverse circulation holes. Samples are prepared by ACME Analytical Laboratories SA (Mendoza) in Mendoza, Argentina, and assayed by the same laboratory in Santiago, Chile.
\nGold is determined initially by fire assay with AA finish. Samples assaying more than 10 ppm gold are re-assayed using a gravimetric finish. .
\nSilver is determined initially by AAS, and samples assaying more than 100 ppm silver are re-assayed by fire assay with gravimetric finish.
\nQuality control of the analytical results is maintained by inserting standards, blanks, and duplicates into the sample run, approximately every twenty samples. Additional quality control is maintained by sending assay sample splits to a second laboratory from time to time. These checks are evaluated statistically at regular intervals.
\nAll analytical data are entered into a Microsoft Access database, with limited access and numerous checks to ensure integrity of the data.
\nAndean Resources Ltd (www.andean.com.au) is an Australian and Toronto listed gold explorer searching for precious metals in the Andes, with four large property positions in the Patagonia<\/p>\n","protected":false},"excerpt":{"rendered":"
I’ve held this little beauty for almost 12\/12 nice to see such good results… reminds me of AZS stuff. ANDEAN RESOURCES LIMITED (ASX:AND) ——————————————————- New High-Grade Vein Discovery at Bajo Negro ——————————————————- Exploration Update | Drilling Report ——————————————————- ANDEAN CONFIRMS NEW HIGH-GRADE VEIN DISCOVERY AT BAJO NEGRO May 19, 2009, Perth Australia — Andean Resources […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-83","post","type-post","status-publish","format-standard","hentry","category-gold-blog"],"_links":{"self":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/83","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/comments?post=83"}],"version-history":[{"count":0,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/83\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/media?parent=83"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/categories?post=83"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/tags?post=83"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}