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Gold/Mining/Energy : Minera Andes, MAI on Alberta -- Ignore unavailable to you. Want to Upgrade?

To: smokey w. who wrote (222)	2/15/2000 5:56:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 340

Minera Andes Inc. News Release 00-6 CDNX: MAI NASD-OTCBB: MNEAF PRELIMINARY METALLURGICAL TEST WORK INDICATES FAVORABLE RECOVERIES SPOKANE, WA?February 15, 2000?Preliminary metallurgical test work on samples from eight drill holes at Minera Andes' 100 percent-owned Huevos Verdes, a high-grade vein system in southern Argentina, indicates that the vein mineralization can be processed by leaching with 85 to 90 percent recovery of gold and 78 to 85 percent recovery of silver, depending on the fineness of grind used. Completion of the report marks another step forward in Minera Andes' exploration program at El Pluma/Cerro Saavedra, a 100 percent-owned 228,000-acre (92,000-hectare) gold/silver exploration property in Santa Cruz Province, Argentina. Recently, two targets, Saavedra West and Huevos Verdes, have undergone further drilling. This work followed previous drilling which revealed high-grade mineralization that is open along strike and down-dip. The Huevos Verdes vein system as currently defined is 1.5 miles (2.4 km) long and may extend under cover to the north. Metallurgical test work was conducted by N.A. Degerstrom Inc.'s metallurgical department, and Minera Andes' largest single shareholder, at 17 percent of the issued and outstanding common shares. Gravity concentration, flotation and leach tests were conducted on samples obtained from eight drill holes completed in the second quarter of 1999 at Huevos Verdes, a high-grade vein located about three miles (5 km) north of Saavedra West. The tests, in summary, indicated that leaching would provide good recovery of the silver and gold from the ores to 92 percent; that gravity concentration was useful in removing the coarse gold and silver from the ores; and that finer grinding resulted in higher gold and silver recoveries in both flotation and leach test work. Minera Andes is a mining exploration corporation that controls approximately 25 properties on about 402,000 acres (163,000 hectares) of mineral exploration land in Argentina and Romania. Most of the properties are located in the Andean cordillera and primarily contain gold, silver and copper mineralization targets. The Corporation is presently pursuing the further development of its silver/gold discovery property in Santa Cruz Province. Selected opportunities in other countries are also under review. For further information, please contact Arthur C. Johnson, director of investor and public relations, or Allen V. Ambrose, president, at the Spokane office, or Krister A. Kottmeier, investor relations ? Canada, at the Vancouver office. Visit our Web site: www.minandes.com. Spokane Office Vancouver Office 3303 N. Sullivan Road 1124 - 470 Granville Street Spokane, WA 99216 USA Vancouver, B.C. V6C 1V5 hone: (509) 921-7322 Phone: (604) 689-7017 E-mail: ajohnson@thefuture.net E-mail: mineracan@thefuture.net FORWARD-LOOKING STATEMENT?Although Minera Andes believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted. THE CANADIAN VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. <<<<