Monday, 28th January 2008 (1901 views)

Australian exploration and development firm Andean Resources has announced the result of its latest drilling at the Cerro Negro project in southern Argentina.

The company reports that high-grade intercepts were made in multiple step-out holes drilled up to 200 metres further along the strike at the main Eureak West resource.

These uncovered high-grade gold veins, with values of 67.7 g/t over 18 metres and 37.2 g/t over 17 metres.

Andean's chief executive Wayne Hubert said the gold discovered during the infill drilling at the Eureka West zone was of a higher grade than expected.

"In addition, this zone remains open to the west," he added.

Exploration drilling will continue at Eureka with three drill rigs, the company confirmed.

The programme is currently ahead of schedule, Andean said, with more than 15,000 metres completed of the planned 30,000-metre drilling. The company is set to explore another four kilometres of the main Eureka vein.

The Cerro Negro project is located in the Santa Cruz province of Argentina on the Patagonian plains. The 25,000-hectare property is situated at approximately 750 metres above sea level.

 

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