Andean Amer Mining Corp.

Andean American samples 18 m of 3.47 g/t Au at Invicta


2007-12-11 10:07 ET - News Release

Mr. John Huguet reports

ANDEAN AMERICAN MINING CORP.: UNDERGROUND SAMPLING OF 3400 LEVEL CROSSCUT INTERSECTS SIGNIFICANT GOLD AT THE INVICTA PROJECT, PERU

Andean American Mining Corp. has provided initial results from underground sampling of the 3,400-level crosscut on the Atenea vein, at the Invicta property in Peru.

The 3,400-level adit is being driven parallel to, and in the hangingwall of, the Atenea vein structure to provide access to drill test the Atenea vein at a depth below 3,400-metre elevation. The anticipated total length of the 3,400-level adit is 600 metres. The adit has presently been advanced to 215 metres length and a crosscut of approximately 200 metres has been driven off to the north from the 200-metre point. The Atenea vein structure was intersected at approximately 150 metres in the crosscut, with apparent widths of 18 m and 15.5 m exposed in the west and east walls respectively. True widths are estimated to be approximately 85 per cent of the apparent widths. In both walls, there are zones of higher grade mineralization adjacent to the north and south contacts.


    PANEL SAMPLING RESULTS

West wall                 East wall

18.0 m (full width)       15.55 m (full width)
3.47 g/t Au               2.16 g/t Au
36.9 g/t Ag               42.9 g/t Ag
0.80% Cu                  0.92% Cu
0.93% Pb                  1.15% Pb
0.82% Zn                  0.81% Zn

Including (south side)    Including (south side)
7.0 m                     6.0 m
5.74 g/t Au               4.14 g/t Au
48.5 g/t Ag               46.6 g/t Ag
1.33% Cu                  1.12% Cu
1.93% Pb                  2.68% Pb
1.66% Zn                  1.58% Zn

and                       and

4.0 m (north side)        2.6 m (north side)
3.86 g/t Au               2.33 g/t Au
67.5 g/t Ag               117.5 g/t Ag
0.87% Cu                  1.53% Cu
0.52% Pb                  0.43 Pb
0.35% Zn                  0.25% Zn

A tunnel of approximately 80 metres length has been driven along the Atenea vein to the east and short crosscuts of approximately 15 m to 20 m length have been made at 20-metre intervals. These crosscuts are being mapped and sampled. Mineralization is continuous over the 80 m of strike length and remains open in both directions.

The Atenea vein mineralization consists of a quartz-cemented hydrothermal breccia with variable amounts of pyrite, chalcopyrite, galena, sphalerite and traces of bornite in the quartz. The sulphides are generally coarse grained and vary from disseminated to massive. Breccia fragments are chiefly altered andesite. Both the footwall and hangingwall contacts are sharp and defined by a zone of fault gouge. The bounding faults dip to the south at between 60 and 70 degrees.

The 3,400-level adit intersected massive andesite, cut by quartz veinlets ranging in width for one centimetre to 40 cm. The crosscut intersected the same massive andesite and medium grained diorite, with weak chlorite and epidote alteration and traces of disseminated pyrite. In the crosscut both rock types are cut by nine quartz veins ranging in width from two cm to 1.5 m, which trend subparallel to the Atenea vein structure. Assays for these veins ranged from background to peak values of 14.98 grams per tonne (g/t) Au, 136.0 g/t Ag, 3.39 per cent Cu, 9.64 per cent Pb and 24.77 per cent Zn, generally over narrow widths. The connection, if any, of these hangingwall veins with the main Atanea vein has yet to be determined.

The Atenea vein has been traced for over 350 metres on surface and to a depth of approximately 350 metres, and remains open along strike and to depth.

The recently completed drill program, in conjunction with the underground sampling and drilling, is designed to upgrade the current resource estimates of 4,739,500 tonnes grading 2.73 g/t Au, 18.3 g/t Ag and 0.45 per cent Cu in the measured and indicated categories, with an additional 6,088,700 tonnes grading 1.44 g/t Au, 15.7 g/t Ag and 0.53 per cent Cu in the inferred category. Resource estimates are from the National Instrument 43-101 Invicta technical report filed on SEDAR and dated July 24, 2007.

The Atenea vein is the most advanced target of eight identified in the Invicta property, which covers 22,200 hectares. The company is very pleased with the initial results of the underground exploration program and additional results will be released as they are received.

We seek Safe Harbor.
 

Andean American drills 8.09 m of 7.19 g/t Au at Invicta


2007-12-21 10:12 ET - News Release

Mr. John Huguet reports

ANDEAN AMERICAN INTERSECTS 8.09 METRES GRADING 7.19 G/T AU, 196.2 G/T AG AND 0.95% CU AT THE INVICTA PROJECT, PERU

Andean American Mining Corp. is releasing the results from additional infill diamond drilling on the Atenea structure in its Invicta property in Peru.

Hole AE-DDH-07-34 was drilled on Section ATE-6NW and intersected the Atenea structure approximately 125 metres below surface, between drill holes 4411-97-06 and 4411-97-15, drilled by Pangea in 1997. Drill hole 4411-97-06 intersected 5.92 grams per tonne (g/t) gold (Au), 20.5 g/t silver (Ag) and 0.29 per cent copper (Cu) over a true width of 16.66 metres, and drill hole 4411-97-15 intersected 0.96 g/t Au, 125.1 g/t Ag and 3.55 per cent Cu over a true width of 1.54 metres.


                          DRILL HOLE AE-DDH-07-34

         From      To       Width    Estimated true    Au      Ag      Cu
          (m)      (m)       (m)        width (m)     (g/t)   (g/t)    (%)

        120.35   147.36     27.01         18.5        4.15     93.7    0.60
incl.    120.8    127.7       6.9           3.17       1.33     26.9    0.65
        134.0    145.9      11.9           8.09       7.19    196.2    0.95



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Andean samples 15.45 m of 1.3 g/t Au, 55.3 g/t Ag


2008-01-07 09:46 ET - News Release

Mr. John Huguet reports

ANDEAN AMERICAN MINING CORP.: UNDERGROUND DEVELOPMENT CONTINUES TO ENCOUNTER SIGNIFICANT WIDTHS AND GRADES AT THE INVICTA PROJECT, PERU

Andean American Mining Corp. has provided results from sampling of crosscut 1S on the 3,400-level adit on the Atenea vein structure, at the Invicta property in Peru.

The 3,400-level adit is being driven at the 3,400-metre elevation parallel to, and in the hangingwall of, the Atenea vein structure, to provide access to drill test the Atenea vein structure below the 3,400 m level. The anticipated total length of the 3,400-level adit is 600 metres. A crosscut of approximately 200 metres has been driven north from the 200-metre point. The Atenea vein structure was intersected at approximately 150 metres in the crosscut, and with widths of 18 m and 16 m for the west and east walls, respectively (see news in Stockwatch on Dec. 11, 2007).

A tunnel of approximately 80 metres length has been driven along the Atenea vein structure to the east, and four short crosscuts of approximately 15 m to 20 m length have been made at 20-metre intervals. The crosscuts are designed to determine the width of the Atenea vein structure and provide access for mapping and sampling. Mineralization is continuous over the 80 m of strike length and remains open in both directions. Results have been received for crosscut 1S, the first crosscut. True widths are estimated to be 85 per cent of the apparent widths.


 SIGNIFICANT INTERSECTIONS

West wall           East wall

15.45 m             14.0 m
1.31 g/t Au         5.17 g/t Au
55.3 g/t Ag         78.7 g/t Ag
1.53% Cu            2.06% Cu
2.26% Pb            2.32% Pb
1.42% Zn            0.72% Zn

These intersections are consistent with those previously reported in the access crosscut and confirm the potential of the Atenea vein structure in this area to be significantly wider than that estimated from drilling.

The Atenea vein structure consists of quartz-cemented hydrothermal breccia with variable amounts of pyrite, chalcopyrite, galena, sphalerite and traces of bornite. The quartz varies from white to grey, and displays acicular crystals, cockade textures and open-spaced filling, with rare vugs lined with quartz crystals to five-centimetre size. The sulphides within the quartz vary from disseminated to massive. The bounding faults dip to the south at between 60 and 70 degrees.

The 3,400-level adit intersected massive andesite and medium grained diorite, with weak chlorite and epidote alteration and traces of disseminated pyrite. The diorite and the andesite in the crosscut are both cut by nine quartz veins ranging in width from two cm to 1.5 m, which trend subparallel to the Atenea vein structure. On surface, the Atenea structure has been traced for over 350 metres and has been traced by drilling to a depth of approximately 350 metres. The structure remains open along strike and to depth.

The recently completed drill program, in conjunction with the underground sampling and drilling, is designed to upgrade the current resource estimates of 4,739,500 tonnes grading 2.73 grams per tonne (g/t) Au, 18.3 g/t Ag and 0.45 per cent Cu in the measured and indicated categories, with an additional 6,088,700 tonnes grading 1.44 g/t Au, 15.7 g/t Ag and 0.53 per cent Cu in the inferred category. Resource estimates are from the National Instrument 43-101 Invicta technical report dated July 24, 2007.

The Atenea structure is the most advanced target of eight identified in the Invicta property, which covers 22,200 hectares. The company is very pleased with the initial results of the underground exploration program and additional results will be released as they are received.

Andrew Gourlay, PGeol, president of Andean American Mining, is a qualified person as defined in the Canadian Securities Administrators National Instrument 43-101 with the ability and authority to verify the authenticity and validity of technical and scientific data. This news release has been prepared under Mr. Gourlay's supervision. All samples were prepared and analyzed by CIMM Labs in Lima, Peru, an ISO-accedited laboratory. Standard reference materials, blanks and field duplicates were inserted prior to shipment from site to monitor the quality control of the analytical data.

We seek Safe Harbor.
 

DJ IRW-PRESS: Andean American Mining Corp.: Andean American an der Lima Stock Exchange gelistet

08:10 07.02.08  


Andean American an der Lima Stock Exchange gelistet

Andean American Mining Corp. (TSX.V-AAG) (FWB-AQN) freut sich mitzuteilen,
die Genehmigung, Stammaktien an der  Bolsa de Valores de Lima" (die "Börse
Lima") zu handeln, erhalten zu haben. Der Handel wird am 7. Februar 2008
unter dem Symbol AAG beginnen. Gefördert wird Andean American dabei von der
Scotia Bolsa S.A, das Brokerhaus der Scotiabank in Peru, wo diese als
drittgrößte Bank gilt.

Der Hauptindex der Börse Lima stieg von Dezember 2004 bis Dezember 2007 um
286,1%. Der Mining-Index, welcher mehr als 50% der Börsenlistings in Lima
ausmacht, konnte einen Zuwachs von 367% im selben Zeitraum vermerken. Der
Junior-Sektor der Börse Lima wächst schnell. Der Anfang wurde 2005 mit einem
Gesamtkapital von $13,92 Mio. US-Dollar gemacht, welches bis Ende 2007 auf
$444,33 Mio. US-Dollar gesteigert wurde. Aufgrund des starken Interesses der
peruanischen Investoren am Bergbau wird erwartet, dass der Zuwachs sich
weiter fortsetzt.

John Huguet, Chairman und CEO, sagte dazu: "Peru verfügt über eine weite
Entwicklung im Bergbau und die Mehrheit der an der Börse in Lima gelisteten
Unternehmen sind in Mining involviert. Andean American ist sehr daran
interessiert, der peruanischen Anlegerschaft die Möglichkeit zu bieten, am
Wachstum unseres Unternehmens teilzuhaben; vor allem mit dem Projekt
Invicta, das sich auf die Machbarkeitsstudien-Phase zubewegt und den
Fortschritten des Sinchao Projektes. Das Listing an der Börse Lima wird den
Ablauf sehr vereinfachen.

Andean American Mining Corp. (TSX.V: AAG) (FWB: AQN) ist ein internationales
Bergbau- und Explorationsunternehmen, dessen Schwerpunkt auf Wachstum durch
Käufe liegt. Das Unternehmen ist aktiv auf der Suche nach neuen Zielen mit
potenziellen Gold- und Silbergrundstücken in Peru, die sich noch in einem
frühen Stadium befinden, und besitzt zurzeit drei wesentliche Aktiva: das
22.200 Hektar große Gold-Silber-Kupfer-Projekt Invicta, das sich bereits in
einem fortgeschrittenem Explorationsstadium befindet; 58% von Sinchao Metals
Corp., dem Besitzer des Zink-Kupfer-Silber-Gold-Blei-Projektes Sinchao; und
das 9.000 Hektar große Grundstück Santa Rosa - eine kleine produzierende
Tagebaumine.

Im Namen von Andean American Mining Corp.,

"John Huguet"

John Huguet

Chairman & CEO

Für weitere Informationen rufen Sie bitte (604) 681-6186 oder gebührenfrei:
1-888-356-4784. Sie können uns auch im Internet besuchen:
www.andeanamerican.com

Diese Pressemitteilung könnte vorausblickende Informationen gemäß dem
Securities Act (Ontario) ("vorausblickende Aussagen") enthalten. Solche
vorausblickenden Aussagen könnten die Pläne des Unternehmens hinsichtlich
seiner Mineralprojekte, des gesamten wirtschaftlichen Potenzials seiner
Grundstücke sowie der Verfügbarkeit einer entsprechenden Finanzierung
beinhalten und bergen bekannte und unbekannte Risiken, Ungewissheiten und
andere Faktoren in sich, die dazu führen könnten, dass sich die
tatsächlichen Ergebnisse, Leistungen oder Erfolge erheblich von jenen
unterscheiden, die in solchen vorausblickenden Aussagen zum Ausdruck
gebracht wurden. Solche Faktoren beinhalten unter anderem Risiken und
Ungewissheiten hinsichtlich potenzieller politischer Gefahren, da die
Betriebe des Unternehmens einer fremden Rechtssprechung unterliegen,
Ungewissheiten bezüglich der Produktions- und Kostenschätzungen und des
Potenzials für unerwartete Kosten und Ausgaben, physische Gefahren eines
Bergbaubetriebes, Kursschwankungen von Währungen, Preisschwankungen bei Gold
und anderen Metallen, Abschluss von wirtschaftlichen Evaluierungen,
Änderungen der Projektparameter durch geänderte Pläne, das Ausbleiben einer
zeitgerechten Finanzierung sowie andere Risiken und Ungewissheiten,
einschließlich jener, die in den Financial Statements, Management Discussion
and Analysis und in den Material Change Reports des Unternehmens mit den
Canadian Securities Administrators veröffentlicht wurden und auf
www.sedar.com aufgerufen werden können.

Die TSX Venture Exchange hat diese Pressemitteilung nicht überprüft und
übernimmt keine Verantwortung für die Richtigkeit derselben.

Für die Richtigkeit der Übersetzung wird keine Haftung übernommen! Bitte
englische Originalmeldung beachten!
20080207 0735
office@ir-world.com

Andean American Mining Corp.


(END) Dow Jones Newswires

February 07, 2008 01:37 ET (06:37 GMT)

 

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