Drill results from Andean American Mining’s (AAG-V, ANMCF-O) Invicta project in Peru include 14.4 metres grading 7.8 grams gold per tonne, 75.9 grams silver 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, located about 250 km northeast of Lima, is at an advanced exploration stage.
Among the other drill results was a 12-metre interval in hole AE-DDH-07-27 that graded 0.07 gram gold per tonne, 12.01 grams silver and 0.87% copper at a vertical depth of 252 metres.
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, 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.
The drilling was focused on the Atenea vein, which has a measured and indicated resource of 3.1 million tonnes grading 2.63 grams gold per tonne, 21.95 grams silver and 0.48% copper.
An inferred resource of 5.1 million tonnes grading 1.43 grams gold, 17.35 grams silver 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.
Invicta can be accessed by driving 96 km along a steep gravel road that connects to the Pan-American Highway.
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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