Announcement Date: 2021-11-30
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Andean Precious Metals Corp.
Project name: Rio Blanco
Location: Bolivia
Commodities: Gold
Highlight: Drilling results incl. 87.6m @ 0.87g/t Au from 132.4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario–(Newsfile Corp. – November 30, 2021) – Andean Precious Metals Corporation (TSXV: APM) (OTCQB: ANPMF) (“Andean” or the “Company”), a leading Latin American precious metals producer, is pleased to report initial results from the Company’s Phase One drill program being carried out at the wholly owned San Pablo and Rio Blanco gold projects in Bolivia. “We are encouraged by the results of our exploration program in Bolivia, in particular those at the San Pablo gold project where we have early indications of a porphyry target,” said SimonGriffiths, President and CEO. “All of the drill holes returned anomalous gold – in sheeted veinlets, breccias and discrete veins – with mineralized intersections in half the holes, indicating the presence of a large gold system.” Mr. Griffiths went on to say, “At Rio Blanco, we are beginning to define a large, low-grade gold system that may be amenable to bulk tonnage mining. So far, we have only tested the shallow portion of the first 2,000 m of a 7,000 m long vein that crops at surface.”
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