Andes Gold Production Higher Than Estimated at Its New Roman Mine
February 01 2010 - 8:00AM
Marketwired
Andes Gold Corporation. (PINKSHEETS: AGCZ) announced today that it
has found a 15% higher gold concentration at its new Roman Mine.
The company is pleased to announce that the exploratory crews
who have been advancing at 4.5 meters per day intersecting the Azul
vein which is showing 50 cmt wide and producing at 9 grams per ton
of gold.
"The development of the new Roman Mine has had an added bonus as
it is producing gold 15% above estimates," stated Alex Diaz,
President of Andes Gold. "Furthermore the exploration team is
working around the clock doing three blasts per shift to reach the
Miranda vein 150 meters further down; we anticipate intersection
with the Miranda vein in the next 30 days," added Mr. Diaz in an
earlier statement.
Andes Gold Corporation is a gold producing and exploration
company with operations in Ecuador, (South America). In the post
market melt-down of 2008 the world took shelter in the security of
gold pushing the value to over $1,100 USD per ounce by January,
2010. Producing gold properties such as Andes Gold will continue to
enjoy increased prosperity which can only improve if the price
continues to climb.
About Andes Gold Corporation:
Andes Gold Corporation is a United States of America registered
public company currently operating a gold mining and exploration
corporation through its wholly owned subsidiary company Compania
Minera PLS.A. in Ecuador (South America), which controls a Gold
mining and exploration concession called the Miranda Alto. For more
information please visit: www.andesgold-ir.com
Important Information:
About Forward-Looking Statements: Statements in this press
release may be "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Words such as
"anticipate," "believe," "estimate," "expect," "intend" and similar
expressions, as they relate to the company or its management,
identify forward-looking statements. These statements are based on
current expectations, estimates and projections about the company's
business based, in part, on assumptions made by management. These
statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may, and probably will,
differ materially from what is expressed or forecasted in such
forward-looking statements due to numerous factors, including those
described above. In addition, such statements could be affected by
risks and uncertainties related to the exploration for and
development of mineralized material, product demand, market and
customer acceptance, competition, pricing and development
difficulties, as well as general industry and market conditions and
growth rates and general economic conditions. Any forward-looking
statements speak only as of the date on which they are made, and
the company does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after
the date of this release. Information on the Company's website does
not constitute a part of this release.
Contact: Alex Diaz President 1-212-541-2495
www.andesgold-ir.com
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