Andina Minerals Grants Options
27 4월 2011 - 1:48AM
Marketwired
Andina Minerals Inc. (TSX VENTURE: ADM) today reported that it has
issued 80,000 incentive share options under the Company's share
option plan to an employee. The options are exercisable into common
shares of Andina at CAD$1.46 per share and have a five year term.
About Andina Minerals Inc.
Andina is an advanced stage gold exploration company with its
flagship Volcan Gold Project ("Volcan") located in the prolific
Maricunga Gold Belt in Chile, home to over 70 million ounces of
past and present gold resources. Volcan contains Proven and
Probable gold reserves of 6.6 million ounces contained in 283
million tonnes of ore grading on average 0.73 grams per tonne,
Measured and Indicated gold resources of 2.3 million ounces grading
on average 0.71 grams per tonne and Inferred gold resources of 0.67
million ounces grading on average 0.5 grams per tonne.
Additionally, at the Ojo De Agua area, Volcan contains Inferred
gold resources of 0.5 million ounces in 18.9 million tonnes of ore
at an average grade of 0.85 grams per tonne.
Andina is progressing towards the preparation of an initial
resource estimate, expected in the third quarter 2011, for the Ojo
De Agua East area, where high grade mineralization has been
discovered.
Having completed and published a positive Pre-feasibility Study
for Volcan in Q1 2011, Andina is now advancing towards a Bankable
Feasibility Study, targeted for completion in the first half of
2012.
Contacts: Andina Minerals Inc. George M. Bee President & CEO
416 203 3488 Andina Minerals Inc. Derrick Weyrauch Chief Financial
Officer 416 203 3488 www.andinaminerals.com
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