Minera Andes Inc MAI:CA announced drill results from its San Jose mine in Peru. Highlights include 8.33 g/t gold and 1,484 g/t silver over 2.45 metres, 33.5 g/t gold and 2,752 g/t silver over 1.09 metres, 14.96 g/t gold and 1,096 g/t silver over 10.13 metres, 10.94 g/t gold and 1,255 g/t silver over 1.72 metres.
Chairman/CEO Rob McEwen commented, “We are very excited by the discovery of the new veins at the San Jose mine. The drilling results demonstrate that the area in and around the mine is extremely prospective, and we anticipate these new veins will significantly extend the mine life. Recent events such as the $3.6 billion bid for Andean’s nearby Cerro Negro property highlight the world class potential of this emerging gold/silver district.”
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by Ted Niles