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Andean Precious Metals Reports Discovery of High Sulfidation and Porphyry Gold System in Bolivia
Phase II drilling confirmed that the San Pablo Project has many of the characteristics of a po...
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[{"type":"text","content":"Andean Precious Metals Reports Discovery of High Sulfidation and Porphyry Gold System in BoliviaPhase II drilling confirmed that the San Pablo Project has many of the characteristics of a porphyry gold systemToronto, Ontario--(Newsfile Corp. - September 7, 2022) - Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) (\"Andean\" or the \"Company\") is pleased to report results received to date from the Company's phased drilling program being carried out at its wholly owned San Pablo gold project in Bolivia. San Pablo: Select Drilling HighlightsPhase I53.80 m at 1.17 g/t Au in hole SP21-0123.10 m at 0.47 g/t Au in hole SPW21-0492.75 m at 0.37 g/t Au in hole SPW21-0497.80 m at 0.30 g/t Au in hole SPW21-03108.40 m at 0.29 g/t Au in hole SPW21-01Phase II4.50 m at 6.19 g/t Au, 67.07 g/t Ag, 0.41 % Pb and 0.47% Zn in hole SP22-032.60 m at 1.97 g/t Au, 331.23 g/t Ag, 1.78% Cu, 2.20% Pb and 4.93% Zn in hole SP22-0313.70 m at 0.71 g/t Au in hole SP22-03\"We are pleased with the initial results of the exploration program at our San Pablo project. Phase II drilling has confirmed a high sulfidation and porphyry gold system that demonstrates the potential to host gold mineralization at these targets, which have similarities to other major gold occurrences in Bolivia,\" said Simon Griffiths, President and CEO of Andean.Bolivia is an underexplored and highly prospective mining jurisdiction where Andean's subsidiary, Empresa Minera Manquiri, operates the only commercial scale oxide processing plant. Until now, no modern-day exploration has been conducted on the San Pablo property, located in the heart of one of the world's oldest and most mineral rich mining jurisdictions.The 100% owned San Pablo project, that comprises 650 hectares, is situated in the Department of Potosí in the southern part of the prolific Bolivian tin-silver and polymetallic belts. This region hosts several of Bolivia's largest mines, including the former Kori Kollo gold mine (Newmont) that produced more than 5 million ounces of gold, and the Cerro Rico of Potosí (where the Company's San Bartolomé mine is located), which has produced more than 2 billion ounces of silver as well as a significant amount of tin.Following up on the 2021 Phase I drill program of 12 core holes for a total of 3,581 metres, in February 2022, the Company started a second program usi...