EXHIBIT 99.2
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GEOPHYSICS AND TRENCHING EXTENDED ON XXXXXXXXX'S
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WINICOCHA PROPERTY
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LIMA, PERU - April 12, 2005 - Andresmin Gold Corporation ("Andresmin" or the
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"Company") (NASD OTC-BB: "ADGD") is pleased to announce the commencement of a
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second phase of geophysics over their Winicocha Project in Peru. The new phase
of induced polarization and ground magnetics comprises a 45 line-kilometre
program with inversion modelling to be performed by the University of British
Columbia.
Recent results of modelling all geological, geochemical, and previous geophysics
data indicates that there is a high probability that the zone of mineralization
at Winicocha is sub-vertical and semi-cylindrical in shape, with an outer
mineralized belt 300 m to 500 m wide, and an inner core averaging 1000 m in
diameter. Presuming that the model is correct, the down-dip extent of
mineralization has thus far been projected to be at least 300 m.
The geophysics contract has been awarded to Geofisica Consultores, a well
respected geophysics group who performed the previous program on Winicocha. The
geophysics team will arrive on the project on Wednesday. The purpose of the new
program is to test the extent of the chargeability anomalies identified in 2004
which remain open to the west and north. The program will also consist of
several IP lines perpendicular to the 2004 program across the stronger
chargeability anomalies to increase the level of confidence in the recent 3D
modelling of the Winicocha data.
Commensurate with the extended geophysics, Andresmin geologists will undertake a
trench sampling program consisting of several kilometres of trenching to take
samples of bedrock which lies beneath shallow overburden. The trenching and
sampling program will be conducted in those areas which have not previously been
sampled to determine the lateral extent of geochemical anomalies identified from
earlier work by Xxxxxxxxx.
Xxx Xxxxxx, President of Xxxxxxxxx stated, "Porphyry mineralization is a complex
process and Xxxxxxxxx has been careful to acquire and analyze all available
information to ensure a high probability of successful drilling results. We are
very happy with how the Winicocha Project has developed, and each exploration
stage brings us closer to confirming the potential of the Winicocha project."
About Andresmin Gold Corporation
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Xxxxxxxxx is committed to building shareholder value through the acquisition,
exploration, and development of high quality mineral projects in the prime
Central Andes region of South America, which annually produces 42% of the
world's copper (over $18 billion each year). The Company has an impressive
property portfolio with ten projects of merit encompassing 16,400 hectares of
strategically located and highly prospective ground. The Winicocha copper-gold
project in southern Peru is Xxxxxxxxx's flagship project. Centromin reports
Winicocha hosts an inferred reserve of 1.4 million ounces of gold, thought to be
near surface expression of a much larger underlying copper-gold porphyry
deposit. Recent sampling found a geochemical anomaly with grades ranging to 1.0%
copper and 5.0 grams per tonne gold, and coincident geophysics has outlined
three large anomalies. Exploration is ongoing on all projects. Andresmin trades
under the symbol ADGD on the NASDAQ over-the-counter bulletin board.
For further information please contact:
Equity Research
Toll (000) 000-0000
xxxxxxxx@xxxxxxxxx.xxx
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xxx.xxxxxxxxx.xxx
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THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF
SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION
21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH
RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT
INTERESTS, XXXXXXXXX'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND
DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE
STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND
UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.
