AndeanGold Ltd. ("the Company" or "AndeanGold") (TSX VENTURE:AAU) is pleased to
provide an update on the Phase I infill drilling program (the "Program") at its
advanced-staged Au-Ag Urumalqui exploration project (the "Project") in Peru. The
contract driller, Explomin Del Peru S.A.C. ("Explomin"), commenced the Program
on March 29, 2011.


The planned Program comprises up to 23 diamond core drill holes and 3,000 to
4,000 metres of drilling. To date, 10 holes have been completed for 1,918
metres. Core samples for the first 7 completed holes have been shipped to the
Inspectorate Lab in Lima for assaying. The Company expects to shortly release
initial assay results, and thereafter, assay results will be released on a
periodic basis.


All completed holes intersected the Urumalqui Vein ("Vein") as predicted in the
cross sections prepared by the Company, providing initial support for the
continuity of the strike and dip of the Vein over the 1,000 metre strike length
planned to be drilled in the Program. To date, Explomin has achieved an average
daily drilling rate of 61 metres, and core recoveries per hole have averaged 93%
within the Vein and 96% for the entire hole. Overall, the drilling results to
date are in line with the Company's expectations, and the Program is proceeding
on schedule.


The Program is focused on infill drilling to a depth of 200 meters so as to
provide a drill spacing of approximately 50 metres along the central and
southeastern segments of the Urumalqui Vein, which cover 1.0 kilometre of the
1.5 kilometre Urumalqui Vein outcrop where the majority of the Project's
historical drilling programs were concentrated. This level of drilling density
should optimize the results of a NI 43-101 resource estimate, which the Company
plans to commission upon completion of the Program.


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 Urumalqui 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. In November 2009, President Correa
signed the Mining Regulations into law pursuant to the requirements of the new
Mines Law, which was passed in January 2009. This was the final legal precursor
to the re-initiation of exploration and mining development in Ecuador. The
Company has been issued new mining titles under the new Mines law to its three
key Ecuadorian projects and has filed the requisite documents with the Ministry
of Non-Renewable Natural Resources and Ministry of Environment in support of the
Company's request to renew exploration programs on its key projects in Ecuador.
The Company is actively working with government officials to achieve this end.


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

Angold Resources (TSXV:AAU)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Angold Resources Charts.
Angold Resources (TSXV:AAU)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Angold Resources Charts.