Drill results from Andean Americans (AAG-V) Invicta project in Peru include 14.4 metres grading 7.76 grams gold per tonne, 75.76 grams silver per tonne and 1.74% copper.
The Invicta project hosts low-sulphidation epithermal-style gold-silver-copper mineralization at an elevation of 3,400 metres above sea level.
The 169 sq. km property is at an advanced exploration stage and is located about 250 km northeast of Lima.
Among the other drill results was Hole AE-DDH-07-27. It intercepted 12 metres (at a vertical depth of 252.35 metres) grading 0.07 gram gold per tonne, 12.01 grams silver per tonne, and 0.87 copper.
A shallower wedge from the same primary hole intersected 3 metres (at a vertical depth of 139.95 metres) grading 11.27 grams gold per tonne, 113.73 grams silver per tonne, 2.77% copper, 6.35% lead and 1.64% zinc.
As of Sept. 30, Andean American had completed 4,878 metres of diamond infill drilling. The objective was to convert inferred resources to measured and indicated resources if possible.
The drilling was focused on the Atenea vein where a measured and indicated resource of 3.1 million tonnes grading 2.63 grams gold per tonne, 21.95 grams silver per tonne and 0.48% copper has been estimated.
An inferred resource of 5.1 million tonnes grading 1.43 grams gold per tonne, 17.35 grams silver per tonne and 0.61% copper has also been estimated.
Andean American acquired an option to buy 100% of the 37-sq-km Invicta project (formerly known as Victoria) from a wholly owned subsidiary of Barrick Gold (ABX-T, ABX-N) in October 2005. It subsequently acquired an additional 132 sq. km contiguous to the property.
The property can be accessed by driving 154 km along the Pan-American Highway and the remaining 96 km up a steep gravel road.
In addition to Invicta, Andean American holds two other projects in Peru. It has a 67% stake of Sinchao Metals, which owns the Sinchao zinc-copper-silver-gold-lead mineralization project and the 90-sq-km Santa Rosa property, which is a small producing open-pit mine.
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