Tuesday, 26th June 2007 (1867 views)

Minera Andes has commenced official start-up of production at the San Jose silver and gold mine.

Forecasts for the project indicate a prospective 61,000 ounces of gold per year and 3.1 million ounces of silver, based on a 2005 feasibility study.

Allen Ambrose, the firm's president, said: "Attaining unhedged silver and gold production from San Jose is an important milestone for Minera Andes.

"Joining the ranks of high-grade producers, we look for San Jose to provide ongoing income as we repeat our Argentina business plan of exploration, discovery and partnering for income growth in gold, silver and copper."

Part of a gold and silver mineralization trend spanning 99,000 acres in Santa Cruz, the mine was found to contain a number of high-grade targets in the 1990s.

Minera Andes describes itself as an exploration company and states that it is guided by the notion that "the mines of tomorrow begin with the exploration of today".

 

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