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Andean Precious Metals Reports Positive Initial Drill Results for Bolivian Gold Projects
53.8 m @ 1.17 g/t Au at San Pablo 87.6 m @ 0.87 g/t Au including 16.0 m @ 2.07 g/t Au at Rio ...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"Andean Precious Metals Reports Positive Initial Drill Results for Bolivian Gold Projects53.8 m @ 1.17 g/t Au at San Pablo87.6 m @ 0.87 g/t Au including 16.0 m @ 2.07 g/t Au at Rio BlancoToronto, 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 Simon Griffiths, 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.\" Mr. Griffiths closed by saying, \"I would like to take this opportunity to welcome Dr. Stewart Redwood to the Andean team as a technical advisor on exploration. Dr. Redwood is among the most experienced geologists in Bolivia, where he has worked extensively over the last several decades. With Dr. Redwood's guidance, we believe that Andean is very well positioned to create value through exploration, building on the encouraging results of our current drill program.\" San PabloThe 100% owned San Pablo Project in the department of Potosí comprises 650 hectares. San Pablo is located in the southern part of the prolific Bolivian tin-silver and polymetallic belts that hosts several of Bolivia's largest deposits including the former Kori Kollo gold mine (Newmont) which produced more than 5 million ounces, and the Cerro Rico of Potosí which produced 1 to 2 billion ounces of silver and significant tin, where the Company's San Bartolomé Mine is located. Twelve diamond drill holes were completed at San Pablo for a total of 3,580.50 m, with an average length of 298.38 m, individual lengths between 95.00...