EXPLORATION ’95 — Andes no longer grassroots play for

Partners HRC Development (VSE) and Eldorado (TSE) have advanced their Andes gold project In Argentina beyond the grassroots stage.

The property, which comprises more than 1,200 square miles near the Chilean border, encompasses portions of two gold belts, Maricunga to the north and El Indio-Nevada to the south.

A work program last year outlined six large gold-in-rock-and-soil anomalies coincident with color anomalies. (Several of the color anomalies are visible from the air.)

The current program, which began last November, involves conducting rock and soil grids on the anomalies, as well as bulldozer trenching on three targets. Trenching values from the Nordin zone, which indicate a classic gold porphyry, include:

Trench Width Grade

(ft.) (oz./t)

1 187 0.015

2 354 0.019

3 531 0.026

4 226 0.024

5 128 0.025

Gold mineralization in the zone is associated with quartz stockworks measuring 300-700 ft. in width around a barren core which has an average diameter of 1,000-1,300 ft. The southeastern portion is covered with thin talus.

Eldorado and HRC will carry out further trenching on the zone prior to drilling.

Soil and rock sampling is also planned for two anomalies in the Ollita area of the Andes property.