ANDINA Minerals Inc. (TSX VENTURE:ADM) (the "Company" or "Andina")
is pleased to announce the appointment of W. Robert ("Bob") Rose as
the Company's Chief Operating Officer. He will officially assume
his duties on January 1, 2012.
Mr. Rose comes to Andina Minerals from Kappes, Cassiday &
Associates ("KCA"), where he held the position of Project
Manager/Senior Engineer. In 2010, Mr. Rose was appointed to the
position of Project Manager for Andina's Volcan Gold Project
("Volcan") pre-feasibility study and was subsequently retained,
through KCA, as the Project Manager for the preparation of a
feasibility study on Volcan.
Mr. Rose has been employed by KCA for 24 years where he was
engaged in a wide variety of assignments including Project Manager
for construction of the Pinos Altos mine (Agnico-Eagle Mines Ltd.)
and the Ocampo mine (AuRico Gold Inc.). Mr. Rose has, throughout
the America's, managed and/or consulted on the preparation of
feasibility studies and the design of project facilities for heap
leach and milling operations, in particular for leach pads, ponds
and recovery plants. Additionally, he has managed various
construction, installation and start-up projects. Prior to KCA, Mr.
Rose was the Project Manager/Mine Superintendent with Alhambra
Mines Inc. in Nevada.
Mr. Rose is fluent in Spanish and has a degree in Mining
Engineering (1981) from the Colorado School of Mines.
"We are very pleased to have a person with Bob's experience to
lead the development of our Volcan project. He is an excellent
addition having tremendous experience developing projects in South
America and with his in-depth knowledge of Volcan, the transition
to our permanent team will be immediate", stated George Bee,
President and CEO. Mr. Bee also stated that "It's a great
endorsement for your project when your consulting project engineer
opts to come onboard for a full-time position".
About Andina Minerals Inc.
Andina's primary focus is mining exploration and development in
Chile. The Company's flagship development project is the 100%-owned
Volcan Gold Project, strategically located in the prolific
Maricunga Gold Belt.
In February 2011, Andina announced the results of a positive
pre-feasibility study for Volcan. Initial Proven and Probable
Mineral Reserves are 6.6 million ounces of gold at an average grade
of 0.73 g/t contained in 283 million tonnes of ore. In addition,
there remains 2.4 million ounces of Measured and Indicated gold
resources at an average grade of 0.68 g/t contained in 110 million
tonnes of ore plus 1.5 million ounces of gold in the Inferred
category contained in 73 tonnes of ore at an average grade of 0.65
g/t Au.
Andina is progressing with a feasibility study and EIA
submission for Volcan, targeted for completion in the first half of
2012.
In addition to Andina's extensive underexplored land position
surrounding Volcan, the Company holds two other mineral properties
located within Chile's primary mining regions.
Forward-Looking Statements
This press release contains forward-looking information within
the meaning of applicable Canadian securities laws and regulations.
Such information is based on the current expectations and beliefs
of Andina's management and is subject to a number of risks and
uncertainties that may cause the actual results to differ
materially from those described above. Forward-looking information
in this press release includes, but is not limited to, statements
with respect to the completion of the feasibility study and EIA,
permitting timelines, government regulation of exploration and
mining operations, environmental risks, title disputes or claims,
limitations on insurance coverage, timing and possible outcomes of
any pending litigation and timing and results of future resource
estimates or future economic studies. Often, but not always,
forward-looking information can be identified by the use of words
such as "plans", "planning", "planned", "expects", "looking
forward", "does not expect", "continues", "scheduled", "estimates",
"forecasts", "intends", "potential", "anticipate", "does not
anticipate", or "belief", or describes a "goal", or variations of
such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved.
The forward-looking information contained in this press release
is based on a number of material factors and assumptions,
including, but not limited to, that estimates and studies are
accurate, that Andina's mining operations continue in the ordinary
course and as expected, that contracted parties provide goods
and/or services on the agreed time frames, that the equipment
necessary for exploration and development work is available as
scheduled, availability of water for milling and mining, that no
labour shortages or delays are incurred, that plant and equipment
function as specified, Andina's ability to obtain adequate
financing when and as needed, the continued favourable market for
gold at prices at or above estimated levels, that no unusual
geological or technical problems occur, that no unusual or
unexpected events have a material adverse effect on Andina's
operations or financial condition, and such other assumptions and
factors as set out herein.
Forward-looking information involves known and unknown risks,
future events, conditions, uncertainties and other factors which
may cause the actual results, performance or achievements to be
materially different from any future results, projection, forecast,
performance or achievements expressed or implied by the
forward-looking information. Such factors include, among others,
the interpretation and actual results of current exploration
activities; changes in project parameters as plans continue to be
refined; future prices of gold; possible variations in grade or
recovery rates; failure of equipment or processes to operate as
anticipated; the failure of contracted parties to perform; labour
disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion
of exploration, as well as those factors disclosed in the company's
publicly filed documents. Although Andina has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking information. Andina does not undertake any
obligation to update or revise publicly any forward-looking
information whether as a result of new information, future events
or otherwise, unless required to do so by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: ANDINA Minerals Inc. George M. Bee President & CEO
416 203 3488 ANDINA Minerals Inc. Derrick Weyrauch Chief Financial
Officer 416 203 3488www.andinaminerals.com
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