|
SPOKANE, WA - March
27, 2009 - Minera Andes Inc. (TSX: MAI and US
OTC: MNEAF) is pleased to announce the filing of a technical report in
support of a preliminary assessment ("PA") prepared in
accordance with NI 43-101 on the Los Azules
Copper Project (the "Project") located in the San Juan Province
of western central Argentina. The report dated March 19, 2009 is titled
"Canadian National Instrument 43-101 Technical Report in Support of
the Preliminary Assessment of the Development of the Los Azules Project, San Province, Argentina". A
description of the contents of the report was reported in our news
release dated February 5, 2009. The deposit as currently defined is open
in several directions, and further drilling will be required to fully
define the limits of the mineralization, especially along the strike to
the north and at depth. The report is filed at www.sedar.com and is available for
downloading from that website.
Minera Andes is a gold, silver and
copper exploration company working in Argentina. The Company holds about
304,000 acres of mineral exploration land in Argentina. The producing San
Jos� silver/gold mine is 49% owned by Minera
Andes through a joint venture. Minera Andes is
also exploring the Los Azules copper project in
San Juan province, where an exploration program and a technical report
has been completed. Other exploration properties, primarily silver and
gold, are being evaluated in southern Argentina. The Corporation
presently has 230,538,851 shares issued and outstanding.
This news is
submitted by Allen V. Ambrose, President and Director of Minera Andes Inc.
For further information, please contact: Art Johnson at the Spokane
office, or Krister A. Kottmeier,
investor relations - Canada, at the Vancouver office. Visit our Web site: www.minandes.com.
|
Spokane Office
111 East Magnesium Rd.,
Spokane, WA 99208 USA
Phone: (509) 921-7322
E-mail: mineraandes@minandes.com
|
Vancouver
Office
Suite 911 - 470 Granville St,
Vancouver, BC. V6C 1V5
Phone: (604) 689-7017 / 877-689-7018
E-mail: ircanada@minandes.com
|
Caution Concerning
Forward-Looking Statements:
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable US and
Canadian securities laws. Such forward-looking statements or information
include, but are not limited to, statements or information with respect
to the price of gold, silver, copper and other base metals, operating and
capital costs, production estimates, and estimation of mineral reserves.
In making the forward-looking statements and providing the
forward-looking information, we have made numerous assumptions. These
assumptions include among other things, assumptions about the price of
gold, silver, copper, anticipated costs and expenditures, future
production and recovery and that there is no unanticipated fluctuation in
interest rates and foreign exchange rates. Although our management
believes that the assumptions made and the expectations represented by
such statements or information are reasonable, there can be no assurance
that the forward-looking statements will prove to be accurate. Forward-looking
statements and information involve known and unknown risks, uncertainties
and other factors that may cause our actual results to be materially
different from that expressed or implied by such forward-looking
information. Such risks, uncertainties and other factors include among
other things, declines in the price of gold, silver, copper and other
base metals, capital and operating cost increases, changes in general
economic and business conditions, including changes in interest rates and
the demand for base metals, economic and political instability in
Argentina, discrepancies between actual and estimated production and
mineral reserves and resources; operational and development risk; the
speculative nature of mineral exploration and regulatory risks.
Readers should not place undue reliance on forward-looking statements
or information. We undertake no obligation to reissue or update
forward-looking statements or information as a result of new information
or events after the date hereof except as may be required by law. See our
annual information form for additional information on risks,
uncertainties and other factors relating to the forward-looking
statements and information.. All forward-looking
statements and information made in this news release are qualified by
this cautionary statement.
Cautionary Note to U.S. Investors:
The United States Securities and Exchange Commission (the
"SEC") permits mining companies, in their filings with the SEC,
to disclose only those mineral deposits with "mineral reserves"
that a company can economically and legally extract or produce. We use
certain terms in this news release, such as "mineral
resources", that the SEC guidelines strictly prohibit us from
including in our filings with the SEC, because these terms are common
usage in Canada and form part of our Canadian filing requirements. U.S.
Investors are urged to consider closely the disclosure in our Form File
No. 40F, which may be secured from us, or from the SEC's
website at http://www.sec.gov/edgar.shtml.
THE TSX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
|