AND - Andean Resources

[kransky]

Now that's a deposit... not like these 1.8g/t resource statements i'm sick of reading about... pfft

+1M Oz at 12g/t

Can we get some info on the expected production rates, operating costs, capical costs so i can make an estimate of how undervalued this puppy is?

 

[adobee]

Based on drill results through to March 2008, completed a JORC and NI 43-101compliant resource estimate for 1.4 million ounces of gold and 23.7 million ounces of silver at Eureka West • Expanded the Phase 4 drill program by 25% to be completed in June 2008 • Closed a A$43 million financing in April 2008 by an issue of 25.8 million shares primarily into North American investors • Hired Stabro Kasaneva as Andean’s VP of Operations • Pre-Feasibility Study on schedule for 3rd Quarter 2008

 

[adobee]

Dont know what was happening today but getting some big interest.. alot of sellers wipe out and reasonable volume plus some huge X trades..
Hopefully we will see some action soon as AND has be sliding with the gold price for some time now..

 

[Sean K]

Um, 30m at 50g/t....

WTF!


ANDEAN INTERSECTS 31M OF 52.1 G/T GOLD AND 568 G/T SILVER IN A DEEP GEOTECHNICAL HOLE AT CERRO NEGRO

December 19, 2008, Perth Australia -- Andean Resources (AND:ASX; AND:TSX) reports the second set of results from its recently commenced 2008/09 drill program at its 100% owned Cerro Negro project in Southern Argentina including the following highlights:

• EDD-887, drilled more than 50m below the base of the current Eureka West Resource intersects 31m of 52.1 g/t gold and 568 g/t silver
• Contour exploration (incremental step-outs) continue to extend mineralization at Eureka West
• Infill drilling at Eureka West continues to confirm structural and grade continuity, supportive of further upgrading of inferred resources
• Eureka West remains open at depth and to the west

 

[adobee]

Lots of action on ANDEAN today.. no announcements but biggest volume for along time.. either an institution buying in or some leaked news out...

 

[adobee]

My bad was an announcement out yesterday !

ANDEAN INTERSECTS 32M OF 34.6 G/T GOLD AND 214
G/T SILVER WITH A 50M STEPOUT
January 28, 2009, Perth Australia -- Andean Resources (AND:ASX; AND:TSX) reports the
next set of results from its ongoing 2008/09 drill program at its 100% owned Cerro Negro
project in Southern Argentina. Today’s results include the following highlights:
· EDD-901 drilled 50m to the west of EDD-887 (31m of 52.1 g/t Au
and 568 g/t Ag) at a similar depth and intersected 32m of 34.6m Au
and 214 g/t Ag on the Eureka West veins
· 721 Vein extended along strike with high grades, including
ERC-8135, which intersected 4m of 49.6 g/t Au and 667 g/t Ag
· New high-grade zone intersected in the Eureka Main vein including
ERC-8125 with 4m of 32.0 g/t Au and 844 g/t Ag
· Deep step-out drilling continues at Eureka West
Reported widths are intersected widths, and true widths are less in every case (

 

[eddyeagle]

Andean had a fantastic last week or so - up 69% from the friday to the friday! And almost tripled in two months! Cant believe I didnt top up at 50 cents!

 

[adobee]

still moving strongly.. something definetly coming out on this front.. havent seen as much activity for a long time...

 

[adobee]

February 24, 2009, Perth Australia -- Andean Resources (AND:ASX; AND:TSX) reports the next set of results from its ongoing 2008/09 drill program at its 100% owned Cerro Negro project in Southern Argentina. Today’s results include the following highlights:

• EDD-915, the deepest intersection at Eureka West to-date, drilled beneath EDD-901 intersected 26m of 24.5 g/t Au and 125 g/t Ag
• ERC-903 intersected 10m of 8.0 g/t Au and 91 g/t Ag
• Deep step-out drilling continues at Eureka West

 

[Sean K]

February 24, 2009, Perth Australia -- Andean Resources (AND:ASX; AND:TSX) reports the next set of results from its ongoing 2008/09 drill program at its 100% owned Cerro Negro project in Southern Argentina. Today’s results include the following highlights:

• EDD-915, the deepest intersection at Eureka West to-date, drilled beneath EDD-901 intersected 26m of 24.5 g/t Au and 125 g/t Ag
• ERC-903 intersected 10m of 8.0 g/t Au and 91 g/t Ag
• Deep step-out drilling continues at Eureka West

Probably due for some more results shortly.

Next Steps
Andean’s 2008/09 exploration programs continue to progress ahead of schedule. Three drills are on the property exploring the Eureka West veins to depth, extending the 721 vein, and drill-testing areas for the Bankable Feasibility Study. Another deep hole has been drilled beneath ERC-903, on section 100E, intersecting quartz vein in the Eureka West veins beneath the 300masl elevation.

Has been outstanding in this environment.

Any clues as to what went on yesterday. I was looking at a likely break up, and it just tanked. A directors wife having to sell??

 

[adobee]

not sure yesterday as CBA exited about a week ago.. but substanial pick up again this morning... will see...

 

[Sean K]

Breaking up, but overall just continuing it's awesome run.

Is it getting toppy for the IGV at this point. Just an explorer/developer.

Awesome deposit and grades I suppose. And really low cash costs out of the PFS.

With a further resource upgrade, well, it looks pretty bloody good.

Target perhaps?

 

[adobee]

Closed at 1.85 and back down to 1.64 this morning ????
See if it climbs up again slowly today.. At least there is begining to be some interest in the company..

 

[adobee]

Plenty of gold in them hills ..

Deeper drilling continues to extend the Eureka West veins:
• 50m to the west with EDD-944 -- 6m of 10.3g/t Au and 123g/t Ag
• 50m to depth with EDD-939 -- 12m of 12.3 g/t Au and 71 g/t Ag
• Regional exploration success discovers new gold vein at the previously undrilled Bajo Negro prospect, (13km south east of Eureka)
• BRC- 904 intersected 6m of 11.8 g/t Au and 14g/t Ag from 111m
• New silver veins intersected by drilling at Mariana Sur
• New Resource upgrade on track for completion in May 2009

 

[Sean K]

Maybe the new resource estimate due will give this more impetus, or maybe it's factored in?

Looks like the market thinks that it's probably worth about $1.60-70, but is that with the upgrade, or not?

I'd guess that quite a bit of it is.

Has a very high MC for an explorer, maybe deservedly so, but I wasn't game to chase it on it's value to current known and perceived potential IGV.

Seems to be breaking a little suport here. Needs a massive JORC boost I feel to hold these levels.

 

[eddyeagle]

A nice little spike of around 25% in only a few days for Andean. Not that far off its DEC 2007 highs now.

 

[Sean K]

A nice little spike of around 25% in only a few days for Andean. Not that far off its DEC 2007 highs now.

Yep, since I said it looked to be falling over it's done very well. lol Could be something to do with POGs climb, or maybe a leaky boat? Resource upgrade due in May.

 

[adobee]

since I sold out around 1.67 it has been going very nicely...
some people taking positions at this high point is rather strange..
will keep watching but not sure where I will consider re-entry..

 

[adobee]

wow broken through $2 this morning.. pretty much immediate upwards run since I sold out... kicking myself.. potential take over ??

 

[eddyeagle]

After a strong run on high volume during mid-late May, Andean tapered off in June. I think the chart looks like a flag pattern which should be bullish, assuming gold holds up. Thoughts?