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NewsBot Date: June 21, 2005 08:36:01 PM
ADGD News Research Andresmin Gold, Stock Trading Message Board
Andresmin Announces Winicocha Drilling Progress Report
LIMA, Peru
Andresmin Gold Corporation
Eugene Toffolo, 888-689-1620
investor@andresmin.com
www.andresmin.com
Andresmin Gold Corporation (\"Andresmin\" or the \"Company\") (OTCBB:ADGD) is pleased to announce that the Winicocha diamond drilling program is progressing on schedule with five drill holes completed to date for 1670m. The drill program is testing several induced polarisation geophysical anomalies and the depth extent and character of surface geochemical anomalies. The Company expects the final five drill holes of the Phase I drill program to be completed over the next six to seven weeks. Results will be released at the completion of drilling and final assays.
The Company is pleased to note that BHP Billiton Ltd. today announced the resumption of mining activities at their Tintaya mine, located 50 kilometers south-east of Winicocha. Mining activities had been shut down for the past four weeks due to community protests.
Drilling Commenced on Andresmin\'s Winicocha Copper, Gold, Molybdenum Porphyry Project
LIMA, Peru
Andresmin Gold Corporation
Eugene Toffolo, 888-689-1620
investor@andresmin.com
www.andresmin.com
Andresmin Gold Corporation (\"Andresmin\" or the \"Company\") (OTCBB:ADGD) is pleased to announce that it has commenced drilling on the Winicocha project in Chumbivilcas, Cusco, Peru.
As previously announced, the 10-hole 3,000 metre diamond drilling program on the Winicocha Copper, Gold, Molybdenum Porphyry Project is the first drill test of the Winicocha Property. The drilling program will focus on several copper-gold-molybdenum anomalies identified during the 2004 geochemical sampling programs, and strong chargeability anomalies identified during the 2004 IP/Res. geophysics program.
The initial 10-hole program will take 10-12 weeks to complete, with results announced after receiving the details from ALS-Peru and ALS-Chemex in Vancouver, B.C., Canada.
Andresmin Announces 10-Hole Drilling Program on Winicocha Copper, Gold, Molybdenum Porphyry Project
LIMA, Peru
Andresmin Gold Corporation
Eugene Toffolo, 888-689-1620
investor@andresmin.com
or
www.andresmin.com
Andresmin Gold Corporation (\"Andresmin\" or the \"Company\") (OTCBB:ADGD) is pleased to announce that it has received all necessary approvals from the Ministry of Energy and Mines to commence its drilling program on the Winicocha project in Chumbivilcas, Cusco, Peru. The drilling contract has been awarded to the well-respected drilling contractors, Bradley-MDH who is currently establishing their camp at the site.
The significant 10-hole 3,000 metre diamond drilling program on the Winicocha Copper, Gold, Molybdenum Porphyry Project is scheduled to begin in the next several days, and is the first drill test of the Winicocha Project. Andresmin\'s rock chip and channel sampling program of 360 sample sites achieved an average of 445 ppm copper (range 3 ppm to 1.1% copper), an average 0.2 grams per tonne gold (range less than 0.01 ppm to 4.91 grams per tonne gold), and averaged 12 ppm molybdenum (range 3 ppm to 343 ppm molybdenum). The best 30% of results ranged from 491 ppm to 1.1% copper, 8 ppm to 343 ppm molybdenum, and 0.04 to 4.91grams per tonne gold.
The Company\'s drilling program will focus on several copper-gold-molybdenum anomalies identified during the 2004 geochemical sampling programs and strong chargeability anomalies identified during the 2004 IP/Res geophysics program which were interpreted by consultant geophysicist, Jan Klein M.SC., P. Eng., P. Geo. who has 40 years experience in mineral exploration.
Surface geochemical anomalies used to define drill targets are of the order 0.5% to 1% copper, 1 gram per tonne to 5 grams per tonne gold, and 100 ppm to 343 ppm molybdenum on Winicocha. These geochemical anomalies are associated with quartz monzonite, quartz diorite and diorite intrusives with associated quartz veining and stockworking and magnetite skarn. The area has two major structural influences oriented north-south and northeast-southwest.
The geometry of the geochemical and geophysics anomalies indicates that a large arcuate, or semi-circular body, may be present with a diameter of approximately 3 kilometres. This first-phase drilling program is designed to test this model over a 2.6 km strike length.
The Winicocha project is situated in the very prospective Southern Peru Porphyry Copper Belt, 60 kilometres northwest of BHP Billiton\'s Tintaya porphyry copper deposit. Rio Tinto Mining and Exploration have been drilling the Constancia copper-gold-molybdenum project 14 km southwest of Winicocha (now under option by Norsemont Mining Inc.). Southwestern Gold Corporation have made a porphyry discovery to the north of the Winicocha property and recently entered a joint venture agreement with Anglo American. The Winicocha property was acquired from Centromin, the Peruvian government agency responsible for privatisation of mineral assets.
BC Securities Commission Issues Cease Trade Order in British Columbia
LIMA, Peru
Andresmin Gold Corporation
Eugene Toffolo, 888-689-1620
investor@andresmin.com
www.andresmin.com
On May 4, 2005, the BC Securities Commission issued a cease trade order, effective only in British Columbia, against Andresmin Gold Corporation (\"Andresmin\" or the \"Company\") (OTCBB:ADGD). Pursuant to the terms of the cease trade order, the Executive Director of the British Columbia Securities Commission (\"BCSC\") ordered that trading (with exceptions for non-insiders) in the securities of Andresmin cease in British Columbia until:
1. it files the required technical report, completed in accordance with the British Columbia Securities Act and the regulations, and
2. the Executive Director of the BCSC makes an order under section 171 of the Act revoking this order.
The Executive Director of the BCSC also provided that, despite this order, a British Columbian beneficial shareholder of Andresmin, who is not, and was not at the date of this order, an insider or control person of Andresmin, may sell securities of Andresmin acquired before the date of this order if:
1. the sale is made through a market outside Canada,
2. the sale is made through an investment dealer registered in British Columbia, and
3. the investment dealer maintains a record of the details of the sales made under this provision.
The Company disputes the allegations of the BCSC which form the basis of the cease trade order, and specifically denies that its head office is in Vancouver or that the BCSC has any jurisdiction over the Company\'s activities. Nonetheless, as Andresmin makes every effort to be cooperative with regulators it will, as a good faith matter, attempt to alleviate the concerns of the BCSC.
Dean de Largie Appointed President of Andresmin Gold Corporation
LIMA, Peru
Equity Research
Andy Crookbain, 888-689-1620
investor@andresmin.com
www.andresmin.com
The Board of Directors of Andresmin Gold Corporation (\"Andresmin\" or the \"Company\") (OTCBB:ADGD) today announced that it has appointed Mr. Dean de Largie of Lima, Peru, President of Andresmin effective May 3, 2005. He succeeds Mr. Ian Brodie who will remain a Director of the Company. Mr. de Largie\'s vision and leadership, along with his extensive industry and international market experience, make him ideally suited to lead the rapid growth of Andresmin Gold Corporation. 100% of Mr. de Largie\'s time will be spent working on Andresmin from the Company\'s headquarters in Lima.
Mr. de Largie has 15 years experience in exploration project development and management, covering greenfields to advanced exploration, geotechnical drilling, mine-site exploration, exploration geophysics, logistics and site rehabilitation. He has a Bachelor of Applied Science from the Curtin University of Technology School of Geology and Geophysics and has completed the Master of Science course in Ore Deposit Geology and Evaluation from the University of Western Australia.
Mr. de Largie has worked on exploration and mining projects in Australia, the United States, Peru, Bolivia, Columbia, South Africa and Botswana. He is fluent in English and Spanish. He is an experienced project manager and geologist in culturally diverse, socially and environmentally sensitive areas and is an astute negotiator in areas of sensitive community relations particularly in areas of strong farming lobbies. He has worked for Ashton Mining and Aurora Gold, Billiton Exploration, North Limited, Western Mining Corporation, Panoro Resources, Metex Resources, Minera Aurifera Veronica S.A., Agarss Pty Ltd., and Savage Exploration.
About Andresmin Gold Corporation
Andresmin is committed to building shareholder value through the acquisition, exploration, and development of high quality mineral projects in the prime Central Andes region of South America, which annually produces 42% of the world\'s copper (over $18 billion each year). The Company has an impressive property portfolio with ten projects of merit encompassing 16,400 hectares of strategically located and highly prospective ground. The Winicocha copper-gold project in southern Peru is Andresmin\'s flagship project. Centromin reports Winicocha hosts an inferred reserve of 1.4 million ounces of gold, thought to be near surface expression of a much larger underlying copper-gold porphyry deposit. Recent sampling found a geochemical anomaly with grades ranging to 1.0% copper and 5.0 grams per tonne gold, and coincident geophysics has outlined three large anomalies. Exploration is ongoing on all projects. Andresmin trades under the symbol ADGD on the NASDAQ over-the-counter bulletin board.
THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, ANDRESMIN\'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE \"SAFE HARBOR\" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.
