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Mining Silver and Gold
Silver and gold production began in mid-2007 at Minera Andes' co-owned San Jose mine in southern Argentina. The vein-hosted deposit is relatively high grade at about one-half ounce of gold equivalent per ton of ore.
San Jose is located in northwestern Santa Cruz province, in a part of Argentina that is revealing itself to be a new mineral frontier. The 99,000-acre San Jose project area has the potential to evolve into a mining district -- that is, an area that hosts multiple mines. A resource drilling and discovery program located new silver and gold resources in 2007, and later in the year, an even larger drilling program of 40,000 meters was begun and plans moved forward to eventually expand production at the San Jose mine.
Currently, about 40 kilometers of vein strike length are known, of which only about 15 percent have been drilled-tested, and less than 10 percent account for an ore reserve base supporting the San Jose mine. The area is highly prospective. The discovery by Minera Andes ' geologists of San Jose is a good example of how investor value is created by specialized technical skills and business knowledge.
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