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

To: Pete Mimmack who wrote (119)	12/15/1998 7:41:00 PM
From: Pete Mimmack	Respond to of 340

Trenching program sure got someone excited - big volume today: Minera Andes - Trenching Begins at Gold/Silver Discovery Property in Argentina SPOKANE, WASHINGTON--As a prelude to a drilling campaign in the first quarter of 1999, Minera Andes has commenced a new round of work on its El Pluma/Cerro Saavedra silver/gold discovery property in Santa Cruz Province, Argentina. A 3,000 meter trenching program is underway at the Huevos Verdes zone on the approximately 300 sq km El Pluma/Cerro Saavedra property where recent reconnaissance rock-chip and float sampling has outlined a significant gold and silver-bearing vein system. This vein system, which trends north-northwest, is poorly exposed and discontinuous over a minimum 1.2 km strike length. Sampling is also continuing. Recent systematic sampling of poorly exposed vein material shows grades from 0.34 g/t gold and 14.4 g/t silver to 22.87 g/t gold and 2,714 g/t silver (see map on internet at www.cdn-news.com). A hand-excavated trench revealed grades up to 10.74 g/t gold and 71.1 g/t silver over an estimated true thickness of four meters. The current program of backhoe trenching will test the vein system along its length and test for buried extensions of the vein system. Trenching will also be used to investigate the broad domal topographic feature located adjacent to the northern portion of the vein system. This area (approximately 400 by 250 m) is covered by an extensive lag deposit of silica vein material with epithermal textures, perhaps indicative of underlying stockwork mineralization. In addition to the current trenching program, ongoing work at Huevos Verdes includes geologic mapping, soil, float and rock sampling, preparatory to an estimated 3,000-meter reverse-circulation drilling program in the first quarter of 1999.