Junior Minera Andes (MAI-A) has drills turning on the Arroyo Nuevo gold project in the west-central Argentine province of Neuqun.
The company is testing for sediment-hosted gold mineralization in a sequence of tuffaceous sediments intruded by a dacite stock.
Plans call for 20 reverse-circulation holes to be drilled over a total of 2,000 metres. The work follows mapping, sampling and geophysical surveys.
Several areas, measuring as long as 1 km, show coincident gold, mercury and arsenic anomalies.
Arroyo Nuevo comprises 4,958 ha in the historic Andacollo placer district, situated on the eastern side of the Loncopun graben in the central part of the country.
Drilling at Arroyo Nuevo will be the first of at least three such programs that Minera Andes intends to carry out in the 1997-1998 summer field season.
The company will drill 2,000 metres on each of the Pluma and Cerro Saavedra gold-silver properties in the southern province of Santa Cruz. Also, more drilling is planned for several gold properties in the south-central province of Chubut, pending the results of earlier exploration.
The company controls 25 projects, which cover about 280,000 ha in the South American country.
Minera Andes recently acquired an American listing on the National Association of Securities Dealers Automated Quotation (Nasdaq). Its trading symbol is MNEAF.
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