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AndeanGold

Publié le 28 septembre 2009

Commences Phase 1 Drilling Program at the Rio Seco Project, Peru

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AndeanGold Commences Phase 1 Drilling Program 

at the Rio Seco Project, Peru

 

Vancouver, B.C. - September 28, 2009 - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX Venture Exchange: AAU) is pleased to report that A.K. Drilling International S.A. has mobilized the drill rig and commenced the Phase 1 drilling program (the "Program") at the Company's Rio Seco Project in Peru.  The Program will entail 1,400 metres of reverse circulation drilling and include eleven (11) angled holes from seven (7) drill stations. The holes will range from 100 m to 152 m in inclined length and from 82 m to 138 m vertically from surface. The Program has been designed to test the depth, strike extent and grade of the 600x100m Stockwork Target to an average depth of 100m, as a follow up to the encouraging assay results from the 2008 and 2009 trenching programs. (See news releases of April 20, 2009 and May 12, 2009). Barring any unforeseen delays, the Program should be completed in approximately two (2) weeks, with final assay results available approximately three (3) weeks after the final samples have been submitted to the independent assay laboratory in Lima, Peru.

 

The Rio Seco Project is a gold property (approximately 3,325 hectares) with associated silver and copper, located in the Department of Libertad, Peru. To date, four mineralized zones and ten main vein systems have been identified. The West Zone has been identified as the principal mineralized trend. It lies within a shear system created by two major N-S faults and exhibits both potential open pit stockwork targets and potential underground multiple vein targets. While there are several exploration targets of interest on the Rio Seco Project, the Company's principal interest is the timely testing and advancement of the open pit potential of the Stockwork Target area, with the objective of establishing a bulk mineable, heap leach mineral resource, if economic grades are present. 

 

About AndeanGold Ltd:

AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties, principally in Peru and Ecuador. The focus of the Company's exploration activities is presently in advancing its Rio Seco Project, as well as pursuing mineral property acquisitions, in Peru. In Ecuador, the Company's activities have been limited to administrative and legal matters due to the Mining Mandate issued by the Ecuador Constituent Assembly on April 18, 2008. Ecuador recently passed a new Mines Law, which replaces the Mining Mandate, and is working on developing regulations and finalizing terms and conditions of future mining operations. The Company looks forward to working with government officials to this end, and is actively pursuing authorization to reinitiate work programs on its key Ecuadorian projects.


Please refer to AndeanGold's website at www.andeangoldltd.com for further information on the Company's projects and activities.

On Behalf of the Board of Directors of
ANDEANGOLD  LTD.


Anthony F. Ciali
President, CEO and Director


FOR FURTHER INFORMATION PLEASE CONTACT:

Corporate Office:
Tony Ciali, AndeanGold Ltd. 
Phone: 609.844.7746
Email: tciali@andeangoldltd.com 

Investor Relations:
Jim Glass, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 225
Toll free: 1.866.684.4743
Email: jim@ascentacapital.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 


 

Ascenta Capital Partners Inc. � Suite 1610, 1066 West Hastings Street � Vancouver � BC V6E 3X1 � Canada

 

 

AndeanGold Ltd.

 

AndeanGold Commences Phase 1 Drilling Program 

at the Rio Seco Project, Peru

 

Vancouver, B.C. - September 28, 2009 - AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX Venture Exchange: AAU) is pleased to report that A.K. Drilling International S.A. has mobilized the drill rig and commenced the Phase 1 drilling program (the "Program") at the Company's Rio Seco Project in Peru.  The Program will entail 1,400 metres of reverse circulation drilling and include eleven (11) angled holes from seven (7) drill stations. The holes will range from 100 m to 152 m in inclined length and from 82 m to 138 m vertically from surface. The Program has been designed to test the depth, strike extent and grade of the 600x100m Stockwork Target to an average depth of 100m, as a follow up to the encouraging assay results from the 2008 and 2009 trenching programs. (See news releases of April 20, 2009 and May 12, 2009). Barring any unforeseen delays, the Program should be completed in approximately two (2) weeks, with final assay results available approximately three (3) weeks after the final samples have been submitted to the independent assay laboratory in Lima, Peru.

 

The Rio Seco Project is a gold property (approximately 3,325 hectares) with associated silver and copper, located in the Department of Libertad, Peru. To date, four mineralized zones and ten main vein systems have been identified. The West Zone has been identified as the principal mineralized trend. It lies within a shear system created by two major N-S faults and exhibits both potential open pit stockwork targets and potential underground multiple vein targets. While there are several exploration targets of interest on the Rio Seco Project, the Company's principal interest is the timely testing and advancement of the open pit potential of the Stockwork Target area, with the objective of establishing a bulk mineable, heap leach mineral resource, if economic grades are present. 

 

About AndeanGold Ltd:

AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties, principally in Peru and Ecuador. The focus of the Company's exploration activities is presently in advancing its Rio Seco Project, as well as pursuing mineral property acquisitions, in Peru. In Ecuador, the Company's activities have been limited to administrative and legal matters due to the Mining Mandate issued by the Ecuador Constituent Assembly on April 18, 2008. Ecuador recently passed a new Mines Law, which replaces the Mining Mandate, and is working on developing regulations and finalizing terms and conditions of future mining operations. The Company looks forward to working with government officials to this end, and is actively pursuing authorization to reinitiate work programs on its key Ecuadorian projects.


Please refer to AndeanGold's website at
www.andeangoldltd.com for further information on the Company's projects and activities.

On Behalf of the Board of Directors of
ANDEANGOLD  LTD.


Anthony F. Ciali
President, CEO and Director


FOR FURTHER INFORMATION PLEASE CONTACT:

Corporate Office:
Tony Ciali, AndeanGold Ltd. 
Phone: 609.844.7746
Email: tciali@andeangoldltd.com 

Investor Relations:
Jim Glass, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 225
Toll free: 1.866.684.4743
Email: jim@ascentacapital.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

. <

AndeanGold

EXPLORATEUR
CODE : AAU.V
ISIN : CA03349A2002
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AndeanGold est une société d’exploration minière d'or basée au Canada.

AndeanGold détient divers projets d'exploration au Perou.

Ses principaux projets en exploration sont MOLLETURO, SAN BARTOLOMÉ et CURIPLAYA en Equateur et RIO SECO et URULMAQUI au Perou.

AndeanGold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,2 millions CA$ (3,3 millions US$, 3,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 12 janvier 2007 à 0,58 CA$, et son plus bas niveau récent le 09 juin 2023 à 0,01 CA$.

AndeanGold possède 103 930 000 actions en circulation.

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19/12/2013AndeanGold Ltd. Announces Closing of Private Placement
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04/11/2013AndeanGold Announces Closing of Third Tranche of $500=2C000...
03/10/2013AndeanGold Announces Closing of Second Tranche of $500=2C00...
16/05/2013Announces Closing of Second Tranche of $1,000,000 Private Pl...
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29/04/2013Announces $1,000,000 Private Placement
02/11/2012Announces $1,200,000 Private Placement
03/09/2012Announces Closing of $645,000 Private Placement
10/02/2011Announces $3.0 Million Non-Brokered Private Placement
08/07/2009Announces Increase in Non-Brokered Private Placement up to $...
02/07/2009Announces Closing of First Tranche of $1.0 Million Non-Broke...
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Nominations de AndeanGold
25/03/2013Announces Appointment Vice President Exploration
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29/05/2012Announces Encouraging Surface Channel Sampling Assay Results...
23/05/2012Signs Agreement to Acquire Gitennes' 40% Interest in Urumalq...
12/04/2012Announces Initiation of Metallurgical Test Program Urumalqui...
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13/09/2011Commissions NI 43-101 Minera
07/07/2011Reports Additional Encouraging AGE Assay Results, Urumalqui ...
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22/03/2011(Urulmaqui)Signs Drilling Agreement for
16/02/2011Announces Approval of Drilling Permit for Urumalqui Au-Ag Pr...
17/11/2009(Rio Seco)Reports Phase 1 Drill Results
28/09/2009(Rio Seco)Commences Phase 1 Drilling Program at the Rio Seco Project, ...
16/09/2009(Rio Seco)on Rio Seco Project, Peru
09/02/2009(Rio Seco)Announces Work Program on Rio Seco Project, Peru
Communiqués de Presse de AndeanGold
30/10/2012Common Shares Commence Tradingon the Lima Stock Exchange
10/10/2012To Exhibit at Silver Summit 2012
15/08/2012Announces Positive Preliminary Metallurgical Test Results
16/07/2012Announces Closing of First Tranche of $500,000 Private Place...
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20/03/2012Announces Extension of Warrants Expiring on March 30, 2012
16/02/2012Provides Positive Update on
09/02/2012Exhibiting at the 2012 California Resource Investment Confer...
17/01/2012Exhibiting at the 2012 Vancouver Resource Investment Confere...
10/08/2011Reports Final Positive Assay Results, Urumalqui Au - Ag Proj...
24/05/2011Reports Additional Positive
06/05/2011s Phase I Infill Drill
30/06/2010Receives Shareholders’ App
20/05/2010s its Activities in Ecuador
01/02/2010Signs Memorandum of Understanding to Acquire a 60% JV Intere...
07/10/2009Completes Phase 1 Drill Program on Rio Seco Project, Peru
23/07/2009Announces Closing of $1.14 Million Private Placement
17/12/2008Acquires 17 Gold - Silver Concessions in Peru
25/09/2008signs Letter of Intent to enter into a Joint Venture in Colo...
12/09/2008Announces Results of Annual and Special General Shareholders...
28/07/2008 Updates its Activities in Colombia, Peru and Ecuador
07/08/2008Announces Opening of Office and Staff Additions in Colombia
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