TNR Gold has a "conditional" back in right of 25% in the Northern half (with higher grade core according to MAI) of the property. Now company is conducting a legal action against Xtrata to remove the "condition". More could be found here.
"Minera Andes files technical report confirming large copper resource at Los Azules
Friday October 24, 5:07 pm ET
SPOKANE, WA, Oct. 24 /CNW/ - Minera Andes Inc. (TSX: MAI and US OTC: MNEAF) is pleased to report that a technical report in support of a resource estimate for Minera Andes' Los Azules copper project in Argentina has been filed in accordance with National Instrument 43-101.andis available at www.sedar.com.
The new technical report, by Minera Andes' independent consultant Donald B. Tschabrun, MAusIMM, of Tetra Tech in conjunction with Robert Sim, P.Geo., an independent qualified person as defined by NI 43-101 and Bruce Davis, FAusIMM, is entitled "Los Azules Copper Project San Juan Province, Argentina, NI-43-101 Technical Report," and summarized in a Minera Andes news release dated September 8, 2008 .
The report supports the independent resource estimate showing an inferred resource at Los Azules of 922 million tonnes, grading 0.55 percent copper, containing 11.2 billion pounds at 0.35 percent total copper ("CuT") cutoff. This resource occupies an area approximately 3.7 km by 1 km in size and contains a high-grade near surface copper core in the north (TNR Gold option area - S) (see maps in Sept. 8, 2008 news release).
Mr. Allen Ambrose, president of Minera Andes, an appropriately Qualified Person as defined by NI 43-101 for the Los Azules project, has reviewed and approved the content of this press release.
Minera Andes is a gold, silver and copper exploration company working in Argentina. The Company holds about 304,000 acres of mineral exploration land in Argentina including the 49% owned producing San José silver/gold mine. In addition to exploring the Los Azules copper project in San Juan province other exploration properties, primarily silver and gold, are being evaluated in southern Argentina. The Corporation presently has 189,621,935 shares issued and outstanding."
1 comment:
Hi,
We recently launched the Wikinvest Wire, and we think that Daily Speculations would be a great addition to our network. Check it out: http://www.wikinvest.com/blogger/Wikinvest_wire. The Wikinvest Wire is a blog plugin that helps identify related content for your blog posts and syndicates links to your posts on related partner blogs and related Wikinvest pages. Simply put, the Wire helps drive users to your site with links from a network of high page rank blogs and sites.
Since our launch a month ago, the Wikinvest Wire now has over 100+ partners, and each partner site has seen hundreds of links to their post as a result of the Wire. Check out a few of them to see the Wire in action at the bottom of their posts — Wikinvest Wire Partners: http://www.wikinvest.com/blogger/Wikinvest_wire#blogs.
Let me know what you think, and I would be happy to send you an invite code so you can get started!
Thanks,
Patrick
Post a Comment