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Gold/Mining/Energy : Minera Andes, MAI on Alberta

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To: Valuepro who wrote (317)1/18/2005 11:36:33 AM
From: semi_infinite   Read Replies (1) of 340
 
In the latest release, CEO uses the phrase "mining district-size potential". Can you tell me what scales are used to define project size? For example, is it a tonnage thing or an acreage thing and is there a reference that explain these scales. TIA.

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Minera Andes Reports Drilling Scheduled for Huevos Verdes East High-Grade Silver/Gold Target
Monday January 17, 8:30 am ET

SPOKANE, Wash., Jan. 17, 2005 (PRIMEZONE) -- Minera Andes Inc. (Vancouver:MAI.V - News) (OTC BB:MNEAF.OB - News) is pleased to announce that a 11,180 meter core drilling program is planned in early 2005 for Huevos Verdes East, a high-grade silver/gold target, located at the company's San Jose project in southern Argentina. A blind target, discovered through drilling in 2003, Huevos Verdes East is adjacent to our Huevos Verdes high-grade silver/gold project under construction with a bankable feasibility study in progress.

Allen Ambrose, president of Minera Andes said, ``The decision by our operating partner to extensively drill the Huevos Verdes East discovery highlights the excellent potential of the San Jose project. This target is geologically very similar to the large vein hosting silver and gold mineralization at the nearby Huevos Verdes vein. Although we consider Huevos Verdes East an early stage project, high-grade results from drilling in 2003 and 2004 confirm our judgment that this area holds potential to increase our developing reserve base and supports our view that the larger San Jose project area has mining district-size potential.''
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