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This blog was created to publish news on argentinean mining, thus complementing our website and presence in social networks. As all of our activities, it intends to connect the mining community in Argentina and provide a place to promote the activity in the world, developing business opportunities.

29 ene 2010

Andean Resources: Quarterly Report for the Quarter Ended December 31st 2009



FREMANTLE, WESTERN AUSTRALIA--(Marketwire - Jan. 28, 2010) - Andean Resources (TSX:AND)(ASX:AND) is pleased to report the results for the quarter ended December 31, 2009, covering the Company's activities at its 100% owned Cerro Negro epithermal gold project in southern Argentina. Good progress continues to be made in the exploration programs designed to increase the Company's overall gold and silver resources; in the bankable feasibility study; in site infrastructure; and in building a Board of Directors and management team to enable the path to production.

Highlights

- Announced the discovery of the San Marcos vein, with a current strike length of 300 meters and approximately 150 meters beneath the surface; the vein remains open to the east and at depth:




-- SRC-901: 22m of 8.5 g/t gold and 58 g/t silver from 181m
-- SRC-902: 16m of 10.3 g/t gold and 86 g/t silver from 195m
-- SRC-903: 7m of 8.1 g/t gold and 77 g/t silver from 189m
-- SRC-904: 1m of 6.8 g/t gold and 62 g/t silver from 189m



- Further drilling at the Bajo Negro vein extended known strike length to over 1.1 kilometers with the vein remaining open along strike and to depth:




-- BDD-958: 3.4m of 13.8 g/t Au and 22 g/t Ag from 309m
-- BDD-960: 6.55m of 10.4 g/t Au and 39 g/t Ag from 338m
-- BDD-962: 7.85m of 8.2 g/t Au and 18 g/t Ag from 354m
-- BDD-969: 4.14m of 13.0 g/t Au and 70 g/t Ag from 318.15m



- Commenced infill drilling of the Bajo Negro vein in order to complete a resource statement in the first quarter of 2010, which will be included in the Bankable Feasibility Study due in June 2010

- Began drilling the Mariana Norte and Mariana Sur targets

- Appointment of Butch Wulftange as Vice President, Exploration

- Announced Board of Directors changes

- Cash balances at quarter-end were A$87.1 million

Exploration Activities

San Marcos - another new discovery

During the quarter, the Company announced the latest discovery at San Marcos, located 5 kilometers northeast of the Eureka deposit. With only one drill rig focused on exploration (the other 4 rigs were being used to complete infill drilling at Bajo Negro and condemnation drilling for the Bankable Feasibility Study), four holes drilled at 100 meter spacing resulted in:




SRC-901: 22m of 8.5 g/t gold and 58 g/t silver from 181m
SRC-902: 16m of 10.3 g/t gold and 86 g/t silver from 195m
SRC-903: 7m of 8.1 g/t gold and 77 g/t silver from 189m
SRC-904: 1m of 6.8 g/t gold and 62 g/t silver from 189m



A fifth hole, SRC-905, was drilled 100m west of SRC-904 and did not intersect the vein.

The first ore shoot at San Marcos was intersected over a strike length of 300 meters and approximately 150 meters beneath the surface and remains open to the east and at depth. Further drilling is in progress.

The widths reported above are intersected widths. True widths are not known at this time and will be reported once additional drilling provides more information. Andean has assumed an underground cut-off grade of 2.5 g/t gold at San Marcos for all the interval summaries reported in this release.

Continued expansion at Bajo Negro

The Company continued its drilling focus on the Bajo Negro area, located 13 kilometers from the Eureka West veins and 2 kilometers south of Vein Zone. To-date, the vein has been delineated over 1.1 kilometers in strike length and remains open along strike.

The widths reported are intersected widths. The horizontal widths depend on the attitude of the vein and the angle of the drill-hole and they are generally but not always less than the intersected widths. Andean has assumed an underground cut-off grade of 2.5 g/t gold at Bajo Negro for all the interval summaries reported in this release.




Step-out holes 150m along strike to the north-west:


BDD-958: 3.4m of 13.8 g/t Au and 22 g/t Ag from 309m
BDD-960: 6.55m of 10.4 g/t Au and 39 g/t Ag from 338m
BDD-962: 7.85m of 8.2 g/t Au and 18 g/t Ag from 354m
BDD-969: 4.14m of 13.0 g/t Au and 70 g/t Ag from 318.15m


Step-out holes to depth


BDD-957: 4.1m of 5.7 g/t Au and 17 g/t Ag from 294m
BDD-961: 4m of 24.5 g/t Au and 76 g/t Ag from 305m
BDD-963: 9.85m of 5.5 g/t Au and 17 g/t Ag from 340m
Including 2.1m of 16.6 g/t Au and 25 g/t Ag from 340m



In addition to these step-out holes, Andean drilled about another 70 core holes to infill the Bajo Negro zone on a 30-40 meter pattern. All of these new holes will be used to develop the Bajo Negro resource estimate for the Bankable Feasibility Study. The resource statement is expected late in the first quarter of 2010. Some of the infill results during the quarter included:




BDD-956: 12.4m of 12.1 g/t Au and 38 g/t Ag from 271m
BDD-959: 16.0m of 10.1 g/t Au and 28 g/t Ag from 263m
BDD-965: 8.4m of 13.1 g/t Au and 79 g/t Ag from 137m
BDD-966: 6.85m of 13.9 g/t Au and 17 g/t Ag from 118.15m
BDD-967: 4.3m of 38.8 g/t Au and 76 g/t Ag from 125.7m
BDD-970: 9.5m of 16.5 g/t Au, 60 g/t Ag from 142.5m
BDD-971: 7.0m of 8.4 g/t Au and 8g/t Ag from 115m
and 6.8m of 5.6 g/t Au and 15 g/t Ag from 126m



Regional Exploration Targets

Mariana Norte

Mariana Norte is located about 2 km southwest of the newly discovered San Marcos veins (see Figure 1). Mariana Norte was discovered in 2009 as a result of field mapping of the Eureka-Mariana areas and is characterized by classic banded quartz vein float surrounding an outcropping silica cap. A total of 77 samples have been collected over a northwest-trending area of 2 x 0.5 kilometres. These include 40 vein quartz float samples with encouraging epithermal textures which average 6.6 g/t gold and 41 g/t silver.

Bankable Feasibility Study

During the quarter, work on the Bankable Feasibility Study (BFS) continued in earnest with the additional mandate to include the Bajo Negro vein resource into the BFS. With the success of the continued extension and delineation drilling, Andean is confident that Bajo Negro will have a material impact on the BFS in terms of plant location, metallurgy, improved mine-life and financial returns. Accordingly, during the quarter, the Company modified the BFS in the following ways:

- Infill drilling at Bajo Negro was accelerated and was completed by the end of the quarter for inclusion in the resource estimate that will be prepared for late March.

- Representative Bajo Negro composites were selected and shipped off to Ammtec in Perth, Australia for the metallurgical test work planned in the first quarter of 2010.

- Condemnation and a geotechnical assessment of the new process and tailings site began in November

- Preliminary mine planning at Eureka West has been developed by NCL Engineering, of Santiago, Chile. Underground mining methods being investigated include blast hole transverse mining in the wider zones with small diameter long hole mining in the narrower zones. A raise bore hoisting shaft is also being studied as a potential operating cost savings due to the geometry of the orebody. A geotechnical assessment of the Eureka orebody generally concludes the rock is from low to moderate strength with varying levels of ground support required. Stope sizes are still being optimized based on mining method and location along the veins. It is expected based on hydro-geological studies completed by Hidroar that manageable levels of water will be encountered during ramp development and in mining.

- Paste backfill is no longer being considered for use in the mine due to the change in plant location and to the cost of paste backfill. Development waste from underground and open pit will be used as backfill. Thickened tailings will be the preferred method of tailings storage and will reduce the footprint of the tailings storage facility and minimize overall water requirements.

- Two access roads are being investigated - the north access through the San Jose mine and a new northeast access.

- The engineering studies to extend the existing power line from the San Jose mine are in progress.

- All Environmental Baseline Studies have been completed and a request for a comprehensive Socioeconomic Study has been given to Vector Engineering of Mendoza. Vector will also be the lead consultant preparing the Environmental Impact Study which will be completed in parallel with the BFS.

- The final BFS document will be compiled by Ausenco in a manner similar to the PFS with contributing authors responsible for their individual sections. A complimentary 43-101 Technical Report on the BFS will be published within 45 days after the release of the BFS results.

The BFS is on schedule to be completed by the end of the second quarter 2010.

Eureka West underground ramp

Preparations are being completed for the signing of the underground contract and subsequent mobilization of the contractor to site in January. The camp has been expanded to accommodate about 100 people, purchase orders have been placed for the underground equipment and diesel generators, which will arrive on site early in the quarter. In order to reduce the ramp construction cost, Andean has decided to purchase the underground mine equipment and diesel generators, which the Company will use throughout the mine-life once the underground ramp has been constructed.

Cerro Negro Timeline

- Drilling Campaign - Bajo Negro infill drilling now complete and resource estimate underway. New exploration focus on the San Marcos, Mariana Norte and Mariana Sur targets. Tailings and plant locations condemnation drilling for the BFS ongoing.

- Bankable Feasibility Study - revision to include the Bajo Negro vein; and is now scheduled for completion during June 2010.

- Underground Decline - mobilization underway, portal construction to begin in February 2010.

Corporate

Appointments

During the quarter, the Company was pleased to announce the appointment of William "Butch" Wulftange as its Vice President, Exploration, to its management team, as new skills are required to advance the exploration program at the Cerro Negro property. During his 27 years of gold industry experience, Mr. Wulftange has made significant contributions to the exploration and discovery of several producing operations, including two world class deposits: the Paradise Peak gold mine in Nevada and the El Penon mine in northern Chile. Most recently, Mr. Wulftange served as the Director of Technical Compliance for Yamana Gold and prior to that was the Manager of Business Development for Meridian Gold before its acquisition by Yamana Gold in 2007.

Mr. Wulftange, who graduated with a Bachelor of Arts degree in Geology from the University of Colorado in 1982, is a Fellow of the Society of Economic Geologists, a Registered Member of the Society of Mining Engineers and a Licensed Professional Geologist.

Board Changes

At the Company's Annual General Meeting on November 26, 2009, it was announced that three of the Company's directors were retiring from the Board. Both Mr. Morrice Cordiner and Mr. Warren Gilmour, who had served on the Board since its inception in December 2003, in addition to Mr. Patrick Esnouf, who had served on the Board since September 2005, retired from their positions.

A search is currently underway to strengthen and expand the Board of Directors to include individuals to oversee the Company's successful transition from an explorer to a mid-tier gold producer.

Share Capital

At quarter-end the Company's issued securities were as follows:

- 468.1 million ordinary shares

- 13.5 million unlisted options (at various strike prices between A$0.30 and A$1.70)

Quality Control and Assurance

The analytical results quoted in this release are derived from half drill core in the case of diamond drill holes, or from cuttings in the case of reverse circulation holes. Samples are prepared by ACME Analytical Laboratories SA (Mendoza) in Mendoza, Argentina, and assayed by the same laboratory in Santiago, Chile. Gold is determined initially by fire assay with AA finish. Samples assaying more than 10 ppm gold are re-assayed using a gravimetric finish. Silver is determined initially by AAS, and samples assaying more than 100 ppm silver are re-assayed by fire assay with gravimetric finish. Quality control of the analytical results is maintained by inserting standards, blanks, and duplicates into the sample run, approximately every twenty samples. Additional quality control is maintained by sending assay sample splits to a second laboratory from time to time. These checks are evaluated statistically at regular intervals. All analytical data are entered into a Microsoft Access database, with limited access and numerous checks to ensure integrity of the data.

Qualified Persons Statement

The information in this press release that relates to exploration results is based on information provided by William H. Wulftange, Vice President of Exploration for Andean Resources, who is a Licensed Professional Geologist (#5219574-2250) by the State of Utah and a Registered Member (#4037018) of the Society of Mining, Metallurgy and Exploration. Mr. Wulftange has extensive experience relevant to the style and type of mineralization and deposits under consideration, and to the activity undertaken, to qualify as a "Qualified Person" as defined in Canadian National Instrument 43-101, as well as a "Competent Person" as defined in the JORC Code. Mr. Wulftange has reviewed and verified that the information presented in this release conforms to NI 43-101 standards and industry Best Practices

Andean Resources Ltd. is a dual listed company (TSX:AND)(ASX:AND), actively and aggressively exploring for gold resources in Argentina. The company is well positioned to become a mid-tier gold producer over the next two years as it commences production from its 100% owned Cerro Negro project. This high-grade, world-class deposit is located in the mining-friendly province of Santa Cruz, in southern Argentina, and contains a growing resource base of over 2.5 million ounces of gold. In order to expand its resource base and add to the future production profile, Andean is committed to ongoing exploration and building its resource inventory at the Cerro Negro project and, in the process, generating enhanced returns for its shareholders as a platform for future growth.

Forward Looking Statement

This quarterly report contains certain "forward-looking statements". All statements, other than statements of historical fact, that address activities, events or developments that Andean Resources Limited ("Andean" or the "Company") believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", and "intend" and statements that an event or result "may", "will", "can", "should", "could", or "might" occur or be achieved and other similar expressions. These forward-looking statements reflect the current internal projections, expectations or beliefs of Andean based on information currently available to Andean. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by Andean with securities regulatory authorities, that may cause the actual results of Andean to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Andean. Andean expressly disclaims any obligation to update or revise any such forward-looking statements. Not for distribution to United States newswire services and not for dissemination in the United States. The securities discussed herein have not been and will not be registered under the United States Securities Act of 1933 (the "US Securities Act"), as amended, or the securities laws of any state and may not be offered or sold in the United States or to US persons (as defined in Regulation S of the US Securities Act) unless an exemption from registration is available.

Figure 1: Mariana Norte Location is available at the following web link: http://media3.marketwire.com/docs/and0128fig1.pdf



For more information, please contact
Andean Resources Limited
Krista Muhr
Director of Investor Relations
In North America: +1.647.330.1478
In Australia: +61 (0) 448.886.460
krista.muhr@andeangold.com

or

Andean Resources Limited
1/1 Nairn Street, Fremantle
Western Australia 6160
+ 61 (8) 9430.9966
+ 61 (8) 9430.9965 (FAX)
www.AndeanGold.com


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Troy Resources NL: Aztec Vein Initial Grade Control Drilling Results-Casposo Project



PERTH, WESTERN AUSTRALIA--(Marketwire - Jan. 28, 2010) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Growing junior gold producer, Troy Resources NL (TSX:TRY)(ASX:TRY) is pleased to provide details of the initial grade control program at its Casposo gold-silver project (Casposo) in San Juan province, Argentina.

As noted in the Company Press Release of January 27th, Troy has completed its first grade control drilling program at Casposo. This program was targeting the up-dip surface extrapolation of orebodies defined by diamond drilling. Holes were drilled by an "open hole - blast hole" drill rig at a nominal spacing of 3m X 3m. Samples were collected every metre and assayed for silver and gold. All holes were drilled vertically to depths up to 8m.

Troy's CEO, Paul Benson commented, "It is pleasing to see surface and near surface expressions of the very high grades that have been intersected in diamond drill holes at depth. These high grades are consistent with Troy's block model and bode well for initial high grade production when processing commences later in the year."

The grade control drilling plans (see Figure 1 and Figure 2) are shown with the surface projection of the Aztec Vein in red. Not all holes intersected mineralisation due to the presence of some overburden and scree. The grade control drilling program detailed in Figure 2 targeted mineralisation outside the current Mineral Resource. For this drill pattern assay results received to date are reported with the balance pending.

The drill pattern was focussed on the projected Aztec Vein ore zone and the adjacent areas outside of the projected ore. These holes were drilled and sampled to better define high grade and low grade ore as well as delineate the ore/waste boundary (see Figure 1).

All results received to date are tabulated below (see Table 1).

Samples were transported by road to Mendoza, Argentina and were assayed by fire assay technique with gravimetric finish on a 50g charge by commercial laboratory - Alex Stewart (Assayers) of Argentina.

To view Figure 1, please click on the following link: http://media3.marketwire.com/docs/try10128.pdf.

To view Figure 2, please click on the following link: http://media3.marketwire.com/docs/try20128.pdf.

To view Table 1, please click on the following link: http://media3.marketwire.com/docs/try30128.pdf.

Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a "qualified person" under National Instrument 43-101 – "Standards of Disclosure for Mineral Projects" and a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Doyle has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a "competent person" as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Doyle has reviewed and approved the information contained in this report. For further information regarding the Casposo project, including a description of quality assurance programs, quality control measures, the geology, samples collection and testing procedures in respect of the Casposo project please refer to the technical report entitled Troy Resources NL: Casposo Project, Argentina" dated July 2009, which is available under the Company's profile at www.sedar.com.

This report contains forward-looking statements. These forward-looking statements reflect management's current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, performance, or achievements to differ materially from the results expressed or implied in the forward looking statements. Such factors include, among others, future prices of gold, the actual results of current production, development and/or exploration activities, changes in project parameters as plans continue to be refined, variations in ore grade or recovery rates, plant and/or equipment failure, delays in obtaining governmental approvals or in the commencement of operations.

ABOUT TROY RESOURCES

Troy Resources (TSX:TRY)(ASX:TRY) is a dividend-paying junior gold producer, with a clear growth strategy. The Company has two producing gold operations; at Sandstone in Western Australia and the Andorinhas Mine in Para State, Brazil and a gold-silver development project, Casposo, in San Juan province, Argentina.

Troy has an experienced Board and management team with a portfolio of successful, fast-track mine development and low-cost operations.

Troy has an annual exploration budget of $5 million and a proven track record in exploration discoveries and strategic acquisitions.

Troy is currently focused on developing its Casposo Project, which it acquired in May 2009. With the acquisition and development of Casposo, Troy is entering a renewed growth phase which will again lift the Company's annual gold production above 100,000 ounces of gold per annum.

The Company maintains a robust balance sheet, is debt-free and forecasts continued strong cash flow from its current assets. Troy's gold production is unhedged; allowing its shareholders access to the full benefit of current and future gold price upside.

With the recent Casposo acquisition, Troy is positioned to continue its path of strong growth and profitable operations and is well on track to achieve its vision of becoming a highly profitable mid-tier gold producer with a portfolio of quality long-life assets.

Troy is a responsible corporate citizen, committed to the best practice of health and safety, environmental stewardship and social responsibility.

To view the Project Locations map, please click on the following link: http://media3.marketwire.com/docs/try40128.pdf.

ABN 33 006 243 750

For more information, please contact
Troy Resources NL
Paul Benson
Chief Executive Officer
(618) 9481 1277
(618) 9321 8237 (FAX)
troy@troyres.com.au
www.try.com.au
or
Purple Communications
Annette Ellis
Media Relations
(61 8) 6314 6300
aellis@purplecom.com.au
or
Purple Communications
Warrick Hazeldine
Media Relations
(61 8) 6314 6300

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Troy Resources NL: Casposo Project Update



PERTH, WESTERN AUSTRALIA--(Marketwire - Jan. 27, 2010) - Troy Resources NL ("Troy") (TSX:TRY)(ASX:TRY) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

HIGHLIGHTS

* Further 8% reduction in expected project capital to US$41.5M.
* Processing plant delivered to site.
* Site work well advanced, including concrete and tank works, office construction.
* First ore tested in the pit pre-strip confirming high grades – including 4m at 28.4g/t gold, 714g/t silver.
* First production expected in September 2010 quarter – just 12 months after project construction commenced and 18 months after project acquisition.

Growing junior gold producer, Troy Resources NL is pleased to report excellent progress in development of its Casposo gold-silver project (Casposo) in San Juan province, Argentina.

Troy CEO Paul Benson said the Company had achieved a number of milestones in the past month which had further de-risked the project, and it remained on track for plant commissioning and first production in the September quarter 2010.

"The project team led by Troy's Executive Director Ken Nilsson, has successfully moved the processing plant from Cobar NSW to the Casposo project site where assembly has commenced," Mr Benson said.

"The delivery of the plant and the advanced stage of the concrete and tank works has given us confidence to reduce the assumed project contingency cost, allowing us to reduce forecast construction costs by 8% from US$45M to US$41.5M.

"When put in the context of the capital cost estimate of US$86M when we acquired the project, this new estimate brings the total reduction in project construction capital to 51%.

"We have commenced earthworks to establish the initial open pit and it is always pleasing to see some nice high grade at the start of the project. Initial in-pit grade control of the Aztec Vein included 4m at 28.4g/t gold, 714g/t silver. Our aim is to build up a stockpile of over a month's mill feed before commissioning commences in the September quarter 2010.

"Following the previously announced 32% increase in the Mineral Resource, the importance of the underground mine has increased. It is important that we get the interface between the open cut and underground mines optimised. We currently expect to be able to release a new Mining Reserve and schedule in April 2010.

"The safe and efficient progress to date is a credit to the project team. We look forward to the first production in the September quarter 2010."

REDUCTION IN EXPECTED PROJECT CAPITAL COST

With the successful delivery of the Cobar plant to the site and the advanced stage of concrete and tank works, Troy has reduced project contingency and thus the forecast project capital construction cost. The forecast capital cost for the Casposo project is now US$41.5M. This represents approximately an 8% reduction over Troy's initial capital estimate of US$45M published by in August 2009. The new target also represents a 51% reduction over the capital cost estimate in the public domain at the time Troy acquired the project in May 2009.

TRANSPORT OF PLANT EX NSW

Troy's strategy has been to relocate significant portions of the gold processing plant it held in storage in Cobar, NSW, Australia, to form the core of the Casposo facility. The use of existing, near-new plant components contributed significantly to the initial 47% reduction in the revised capital development budget for Casposo, as announced on 5 August 2009. Additional plant, both new and refurbished, is also being sourced.

The Cobar plant has now been successfully transported to the Casposo project site. The plant was shipped from Newcastle NSW to Buenos Aires using a ship charted for the project. From Buenos Aires the plant was trucked more than 1000kms to the project with 75 semi trailer loads being delivered over a 21 day period which included the Christmas break.

SITE WORKS

Significant progress has been made on the project site works since the last project update to shareholders on 9 October, 2009.

* Concrete work for the crushing, grinding and general plant facilities are well underway.
* Local manufacture and delivery of leach tanks to site are almost complete and construction and installation of tanks is well advanced.
* The site office construction has commenced.
* Water bore field and associated pipe work currently undergoing testing and commissioning.
* The first stage of the camp for construction workers was opened. The current workforce is 140 and it is expected the peak will be 225 in May of this year.
* Work has commenced on the assembly of the Cobar plant.

PIT DEVELOPMENT

Preparation for mining the Kamila open pit commenced including construction of haul road and levelling of the initial mining area which is the peak of a topographic high. The mine plan envisages establishing the pit and building up an ore stockpile of around 40,000t before mill commissioning. Grade control blast hole sampling of the initial exposure of the Aztec Vein returned high grade results, including:

* 4m at 28.4g/t gold, 714g/t silver;
* 3m at 7.3g/t gold, 69g/t silver; and
* 5m at 2.8g/t gold, 28g/t silver.

Holes were drilled vertically on a 3m x 3m pattern to a maximum of 8m depth. Fire assay with gravimetric finish on a 50g charge analysis by Alex Stewart (Assayers) Argentina at the Mendoza Laboratory. These results are in line with expectations from the ore block model.

OTHER ACTIVITIES

Work continues on detailed mining planning and calculation of an updated Mining Reserve. With the 32% increase in the Mineral Resource announced in July 2009, the amount of ore produced from the planned underground has increased and detailed planning is currently focusing on the open cut/underground interface and optimisation. It is now expected that a new mining plan and Reserve will be completed in April 2010.

BROWNFIELDS EXPLORATION

RC drilling has commenced and is initially focussed on the 150m long "Kamila - Mercado Gap" which until now has been sparsely drilled due to topographical constraints, but due to the presence of heavy earthmoving equipment drill positions have been established. In December 2009, 4 RC holes (295m) were completed. All holes intersected the of Inca-Mercado Vein structure. The brecciated – banded quartz veins were noted over downhole intervals ranging from 3m to 5m in both rhyolitic and andesitic host rocks. Alteration comprises moderate to strong silicification (illite-smectite-pyrite) in the rhyolite that changes to propylitic (chlorite – epidote – pyrite) in the andesite. The veining is situated at the rhyolite - andesite faulted contact or directly below in andesitic underlying the flows. Drilling recommenced in January 2010 after a holiday break. Assays are pending.

A diamond drill rig is expected to commence deeper drilling starting in the September quarter 2010, following a geological and structural review of the Casposo project area conducted by an independent geological consultant. This review highlighted areas of increased prospectivity for extensions to the existing Casposo Resource.

Geological mapping and sampling, as well as earthworks in preparation of drilling have commenced at the Julieta Target located 5km northwest of the Kamila Deposit. RC drilling is planned to commence at Julieta later this quarter. This RC program will include both infill and step-out holes which if successful will provide adequate drilling density to enable an initial mineral resource estimate to be completed later in 2010.

Geological mapping and interpretation has commenced on the Castano Nuevo project. Troy is earning into this project and anticipates drilling to commence later in 2010 when all statutory approvals have been received.

Information of a scientific or technical nature in this report was prepared under the supervision of Peter J. Doyle, Vice President Exploration and Business Development of Troy, a "qualified person" under National Instrument 43-101 – "Standards of Disclosure for Mineral Projects", a member of the Australasian Institute of Mining and Metallurgy. Mr. Doyle has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity he is undertaking, to qualify as a "competent person" as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Doyle has reviewed and approved the information contained in this report. For further information regarding the Casposo project, including a description of quality assurance programs, quality control measures, the geology, samples collection and testing procedures in respect of the Casposo project please refer to the technical report entitled Troy Resources NL: Casposo Project, Argentina" dated July 2009, which is available under the Company's profile at www.sedar.com.

This report contains forward-looking statements. These forward-looking statements reflect management's current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, performance, or achievements to differ materially from the results expressed or implied in the forward looking statements. Such factors include, among others, future prices of gold, the actual results of current production, development and/or exploration activities, changes in project parameters as plans continue to be refined, variations in ore grade or recovery rates, plant and/or equipment failure, delays in obtaining governmental approvals or in the commencement of operations.

ABOUT TROY RESOURCES

Troy Resources (TSX:TRY)(ASX:TRY) is a dividend-paying junior gold producer, with a clear growth strategy. The Company has two producing gold operations; at Sandstone in Western Australia and the Andorinhas Mine in Para State, Brazil and a gold-silver development project, Casposo, in San Juan province, Argentina.

Troy has an experienced Board and management team with a portfolio of successful, fast-track mine development and low-cost operations.

Troy has an annual exploration budget of $5 million and a proven track record in exploration discoveries and strategic acquisitions.

Troy is currently focused on developing its Casposo Project, which it acquired in May 2009. With the acquisition and development of Casposo, Troy is entering a renewed growth phase which will again lift the Company's annual gold production above 100,000 ounces of gold per annum.

The Company maintains a robust balance sheet, is debt-free and forecasts continued strong cash flow from its current assets. Troy's gold production is unhedged; allowing its shareholders access to the full benefit of current and future gold price upside.

With the recent Casposo acquisition, Troy is positioned to continue its path of strong growth and profitable operations and is well on track to achieve its vision of becoming a highly profitable mid-tier gold producer with a portfolio of quality long-life assets.

Troy is a responsible corporate citizen, committed to the best practice of health and safety, environmental stewardship and social responsibility.

ABN 33 006 243 750

To view the photos and map accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/try126.pdf

For more information, please contact
Troy Resources NL
Paul Benson
Chief Executive Officer
(618) 9481 1277
(618) 9321 8237 (FAX)
troy@troyres.com.au
www.try.com.au
or
Purple Communications
Annette Ellis / Warrick Hazeldine
Media Relations
(61 8) 6314 6300
aellis@purplecom.com.au

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

27 ene 2010

International Lithium/TNR Gold Invited to Present at Lithium Supply and Markets Conference in Las Vegas Jan. 26-28, 2010



VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2010) - International Lithium Corp. ("ILC" or the "Company"), a wholly-owned subsidiary of TNR Gold Corp. (TSX VENTURE:TNR) ("TNR"), is pleased to announce that the annual Lithium Supply and Markets 2010 Conference has invited the Company to present on the first day of the conference.

ILC's Chief Operating Officer, Mike Sieb MBA, will be presenting "Global Opportunities in Lithium – Nevada & Beyond" at 2:30PM PST, Session II under Emerging North American Lithium Production section of the conference. ILC has received significant interest from the public and lithium-users recently and anticipates developing further strategic alliances during this conference.

In 2009, the annual Lithium Supply and Markets Conference took place in Chile amidst the global downturn and set the stage regarding the status of the global supply of lithium given the pending boom of electric cars and hybrid vehicles. During the downturn of 2009 TNR and ILC recognized the demand of lithium and other rare metals early and sought out projects worldwide to capitalize on this inevitable boom.

"This conference attracts the top industrial players from early explorers, resource developers, professional analysts, brokerage firms, fund managers, and key end-users spanning the globe," states Mike Sieb, Chief Operating Officer of ILC and continues "In weeks prior to this conference, major automotive companies including Magna International and Toyota Tsusho made significant investments into junior lithium explorers operating in Argentina. This confirms the creditability of the need of additional supply of lithium and other rare metals and the role junior lithium explorers will play in sourcing that supply for the end users."

ABOUT INTERNATIONAL LITHIUM CORP. / TNR GOLD CORP.

International Lithium Corp., currently a wholly-owed subsidiary of TNR, is a mineral exploration company diversified geographically and by resource type. With projects spanning the globe from Argentina, USA, Canada, and Ireland, ILC will offer investors the potential upside of speedy lithium brine resource development to production and the valuation of other rare metals credits from spodumene pegmatites. ILC is scheduled to go public early in the second quarter of 2010.

TNR is a diversified metals exploration company focused on identifying and exploring its existing properties and identifying new prospective projects globally. TNR has a total portfolio of 18 properties, of which 9 will be included in the proposed spin-off of International Lithium Corp.

It is anticipated that TNR shareholders of record will receive up to one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com.

The recent acquisition of lithium, rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms TNR and ILC's commitments to generating projects, diversifying there markets, and building shareholder value.

On behalf of the board,

Gary Schellenberg, President

Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

CUSIP: #87260X 109

SEC 12g3-2(b): Exemption #82-4434

Neither the 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.

For more information, please contact
TNR Gold Corp.
Gary Schellenberg
President
(604) 687-7551 or 1-800-667-4470
(604) 687-4670 (FAX)
info@tnrgoldcorp.com
www.tnrgoldcorp.com
or
International Lithium Corp.
info@internationallithium.com
www.internationallithium.com

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Pan American Completes Compulsory Acquisition of Aquiline


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2010) - Pan American Silver Corp. ("Pan American") (TSX:PAA)(NASDAQ:PAAS) and Aquiline Resources Inc. ("Aquiline") are pleased to announce that Pan American has completed its previously announced compulsory acquisition of all outstanding common shares of Aquiline not already owned by it pursuant to section 188 of the Business Corporations Act (Ontario). To effect the compulsory acquisition, Pan American has deposited all common shares and common share purchase warrants of Pan American to which former shareholders of Aquiline are entitled under the compulsory acquisition with Computershare Investor Services Inc. ("Computershare"), as agent for Aquiline. Computershare will hold such securities in trust for Aquiline's former shareholders and will pay out those securities to them upon deposit of the certificates representing the Aquiline common shares formerly held by such shareholders. Deposits of the certificates can be effected using the letter of transmittal that was mailed to Aquiline's registered shareholders along with the Notice of Compulsory Acquisition.

As a result of the compulsory acquisition, Pan American now holds 100% of the outstanding common shares of Aquiline.

Aquiline is making applications to the relevant provincial securities commission to cease to be a reporting issuer under Canadian securities laws. The common shares of Aquiline were delisted from the TSX on January 13, 2010.

About Pan American

Pan American's mission is to be the world's largest and lowest cost primary silver mining company by increasing its low cost silver production and silver reserves. The Company has eight operating mines and four development projects in Mexico, Peru, Argentina and Bolivia.

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements and information in this news release constitute "forward looking statements" within the meaning of the United States' Private Securities Litigation Reform Act of 1995 and "forward looking information" within the meaning of applicable Canadian provincial securities laws relating to Pan American, Aquiline and their respective operations. All statements, other than statements of historical fact, are forward looking statements. These forward looking statements or information relate to, among other things: the prospects for Aquiline ceasing to be a reporting issuer. These statements reflect the current views of Pan American with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Pan American are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward looking statements contained in this news release and Pan American has made assumptions based on or related to many of these factors. Pan American does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

For more information, please contact
Pan American Silver Corp.
(604) 684-1175
www.panamericansilver.com

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Artha Resources Corporation: Pirquitas Prospects Continue to Deliver



VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2010) -

Editor's Note: There are two maps associated with this press release.

Artha Resources Corporation (TSX VENTURE:AHC) is pleased to announce that the company has successfully completed follow-up work on the Noelia Breccia Prospect in NW Argentina (Map 1), adjacent to the Pirquitas Silver Mine. The results are again very positive, delineating geochemical and geological targets consistent with the surface expression or a telescoped epithermal low sulphidation deposit. A number of drill targets have been recommended to test the anomalies. Artha will complete an induced polarisation (IP) geophysics survey prior to drilling to provide a better understanding of the sub-surface geometry of the mineralisation. This survey is planned to begin as soon as possible. The Company considers the results highly encouraging with further work planned to continue on this and other prospects in the area immediately.

The Noelia Breccia Prospect straddles the Crosby and Pirquitas North properties in Jujuy Province NW Argentina, which both surround the Pirquitas mining property on three sides. The prospect was initially identified as part of reconnaissance work completed in late 2009 and lies two km to the N-NE of the Pirquitas Mine, which commenced commercial production in 2009 and is expected to produce over 7 million ounces of silver this year. The mine is the largest primary silver mine in Argentina and the fifth largest in the world.

The latest work program consisted of detailed mapping and surface sampling at a scale of 1:10,000, over an area 700 hectares. Surface geochemical sampling was completed on a 100 x 100m grid with systematic sampling of structures. A total of 212 surface samples were collected, of which 20 were duplicates to control QA/QC. Samples were sent to ALS-Chemex laboratory in Mendoza Province for preparation and to Lima, Peru for analysis. Four hand samples were selected for petrographical analysis.

Mineralogically the Noelia Breccia Prospect corresponds to a low sulphidation epithermal system with obvious quartz veinlets and breccia textures with intense silicification. The breccias are controlled by faults and fractures within both E-W and NW-SE cross-cutting structural systems. The host rock is a conglomerate (debris flow) with strong quartz-sericite alteration and silicification in an area of approximately 1.2 x 0.8km. The silicified structures consist of sets of unidirectional veinlets with dimensions of between 100 to 500m in length and 1 to 5m in width. The scale of this breccia and its associated alteration halo is considered indicative of a broad and potentially large mineralised system.

The geochemistry from the recent work provides two large and strong anomalies (Map 2) with multiple correlated pathfinder metals, consistent with the signature of a low sulphidation epithermal system. The anomalies are delineated by elevated arsenic-antimony-mercury-lead-zinc and copper values over broad areas. Gold is also elevated in a small number of samples. The dimensions of the highest priority anomalies are approximately 450 x 180m and 200 x 100m respectively.

The results provide further excellent geological support for continued rapid and aggressive exploration on these Pirquitas properties. The Company is preparing for the upcoming field season with geophysics, surface geochemistry and mapping continuing with the aim of beginning a well defined drilling program in the northern-hemisphere this Spring.

Artha's CEO, Charles Straw, commented on the results by saying, "The continued success we are having on the Pirquitas properties in the very short time we have had teams on the ground demonstrates, not only that our methods and techniques are working well, but as importantly, the properties are delivering as we hoped they would. I am very pleased with results and success to date and look forward to getting the next phase of work underway on these very exciting projects."

Charles Straw, B.Sc., is the qualified person under NI 43-101 responsible for the technical information in this news release.

Artha was founded by a team of mining industry professionals with a proven track record in project generation, exploration, mining and finance. The team's primary goal is to build Artha into a world class mining company, focused on the discovery, development and mining of economic minerals deposits globally.

On Behalf of the Board of Directors,

Todd McMurray, President

To view Map 1 accompanying this press release, please visit the following link: http://www.marketwire.com/library/20100125-Map1R.jpg

To view Map 2 accompanying this press release, please visit the following link: http://www.marketwire.com/library/20100125-Map2R.jpg

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.

For more information, please contact
Artha Resources Corporation
Todd McMurray
President, Director
1-604-648-1530
todd@artharesources.com
www.artharesources.com
or
BK Consulting
Bernie Kennedy
1-877-489-4440
berniekc@telus.net

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

Li3 Energy, Inc. to Attend Lithium Conference in Las Vegas January 26-28



LIMA, PERU--(Marketwire - January 25, 2010) - Li3 Energy, Inc. (OTCBB: LIEG) ("Li3 Energy" or the "Company") is pleased to announce that representatives of the Company will be in attendance at the Lithium Supply & Markets 2010 Conference January 26 to 28th at Caesars Palace in Las Vegas, NV.

The inaugural Lithium Supply & Markets (LSM09) conference was held in Chile last year and set out to explore whether or not there is enough lithium in the world to supply the pending demand from the electric and hybrid car battery markets. With the anticipated development from the upstream exploration and mining sector and lithium's end user markets, this year's Lithium Supply & Markets 2010 (LSM10) conference aims to build on the platform created by LSM09.

The conference is scheduled to cover a wide range of industry topics such as emerging US lithium production with a focus on the electric vehicle market and global supply developments and will include a number of perspectives presented by established producers regarding future prospects and an analysis of the overall market. Speakers will include professional consultants and industry analysts as well as senior management from medium to large scale producers alongside representatives from major manufacturers and industrial users.

Recent comments provide a timely backdrop to the event including the following: US President Barack Obama said, "At a time of historic crisis in our auto industry, this rule provides the clear certainty that will allow these companies to plan for a future in which they are building the cars of the 21st century."

Carlos Ghosn, CEO of Nissan, said in regards to their new electric car plant that, "Our electric vehicle investment is not one-car innovation, it is a new way of looking at our industry. This is the beginning of the story."

JP Morgan recently announced, "We believe that developing next-generation environmental technology will be a vital factor in determining survival in the automobile industry."

The representatives of Li3 Energy, Inc. look forward welcoming our fellow attendees to Las Vegas this week and feel confident that the time is right to introduce Li3 Energy as ready to "Lead the Charge" in lithium exploration and development.

The Company further wishes to announce the launch of our revamped website at www.li3energy.com and invite the public to come and visit us to find out more about our Company.

About Li3 Energy, Inc.

Li3 Energy, Inc. is an early stage, U.S. public company currently pursuing a business strategy in the lithium brine mining and energy sector in the Americas, with an initial focus on identifying and acquiring opportunities in Peru, Argentina, Chile and the United States. Li3 Energy aims to acquire a significant portfolio of lithium brine deposits in the Americas for the purpose of development and production in order to meet growing market demand and to support the clean energy and green energy initiatives being implemented globally.

Forward-Looking Statements

Certain statements in this news release are forward-looking statements. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "proposes," "hopes," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information and assumptions of management. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of Li3 Energy, including, but not limited to, Li3 Energy 's ability to identify appropriate corporate acquisition and/or joint venture opportunities in the lithium mining sector and to establish the technical and managerial infrastructure, and to raise the required capital, to take advantage of, and successfully participate in such opportunities; future economic condition; political stability; and lithium prices. Additional information on risks and other factors that may affect the business and financial results of Li3 Energy can be found in Li3 Energy's annual, quarterly and current reports and other documents filed with the U.S. Securities and Exchange Commission and available at www.sec.gov.

Li3 Energy, Inc.
Luis Saenz, CEO

INVESTOR RELATIONS
Adam Chambers
Phone: 315-229-4408
Fax: 315-506-6725
Email Contact
www.li3energy.com

For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

20 ene 2010

Golden Minerals Announces an Increase in the El Quevar Resource




GOLDEN, CO--(Marketwire - January 19, 2010) - Golden Minerals Company (TSX: AUM) (PINKSHEETS: GDMN) ("Golden Minerals" or "the Company") is pleased to provide a new resource estimate for the Yaxtché zone of its 100% controlled El Quevar project located in the Salta Province of northwestern Argentina. The new resource estimate is based on a Canadian National Instrument 43-101 ("NI 43-101") compliant technical report prepared by Chlumsky, Armbrust and Meyer, LLC ("CAM") dated January 14, 2010. The new CAM NI 43-101 compliant report demonstrates a resource estimate of approximately 0.9 million tonnes of indicated resource at an average grade of 412 grams of silver per tonne and 2.2 million tonnes of inferred resource at an average grade of 447 grams of silver per tonne, resulting in approximately 11.5 million total contained ounces of silver in the indicated resource category and 31.9 million total contained ounces of silver in the inferred resource category, at a cutoff of 100 grams silver per tonne. This represents a 66% increase in contained ounces and a 63% increase in resource tonnage from CAM's October 2009 estimate.

Presented in the table below is a comparison of the current resource estimate with the previous resource estimate provided in October 2009:


From a 195 diamond drill hole data base totaling approximately 38,500 meters, CAM used data from 156 drill holes from the Yaxtché zone in the new resource estimate. This includes 40 drill holes that were not included in the data used in CAM's October 2009 report.

The Company controls mineral and surface rights to approximately 64,000 hectares at the El Quevar project. Drilling has been focused on the Yaxtché zone, which remains open along strike and at depth. The Company expects to include in future resource updates 14 Yaxtché central and west zone drill holes from the current 195 drill hole data base that are not included in the new CAM resource estimate. The farthest west hole drilled to date on the Yaxtché zone (QVD-192), which is not included in the new estimate, abuts a post mineral volcanic to the west and averaged 470 grams silver per tonne over 23 meters and included six meters averaging 875 grams silver per tonne.

The Yaxtché zone is one of 13 targets in the El Quevar project area. Drilling is planned to test additional selected targets in the project area during 2010, including the Viejo Campo and Quevar Norte target areas. The Company is proceeding with feasibility work including permitting, metallurgical work, preliminary mine and plant design and planning for underground access to the mineralized zone.

Silver mineralization at El Quevar is hosted within a broad, generally east-west-trending structural zone and occurs as a series of north-dipping parallel-sheeted vein zones, breccias and mineralized faults situated within an envelope of pervasively silicified brecciated volcanic rocks and intrusive breccias. The silver mineralization at the Yaxtché zone is of epithermal origin. The cross-cutting nature of the mineralization, the assemblage of sulfide and alteration minerals, and the presence of open spaces with euhedral minerals, all point to an origin at shallow to moderate depths (a few hundred meters below surface) from hydrothermal solutions.

A drill hole location map and listing of all drill intercepts for the holes at El Quevar for which the Company has received and verified results are available at http://www.goldenminerals.com/.

Review by Qualified Person, Quality Control and Reports

The resource estimation was performed by Robert Sandefur, P. E. of Chlumsky, Armbrust and Meyer, LLC, a Qualified Person as defined by NI 43-101, who is independent of Golden Minerals. The mineral resources in this estimate were calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), Standards on Mineral Resources and Reserves, Definitions and Guidelines, prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council on December 11, 2005.

Results of the Company's drilling program have been reviewed, verified, and compiled under the direction of the Company's Senior Vice President of Exploration, Robert Blakestad, M.Sc., P.Geo, L.P.G., a Qualified Person for the purpose of NI 43-101. Mr. Blakestad has over 35 years of mineral exploration experience, is a Professional Geoscientist registered in Nova Scotia and a Licensed Professional Geologist in the state of Washington.

To ensure reliable sample results, Golden Minerals uses a quality assurance/quality control program that monitors the chain-of-custody of samples and includes the insertion of blanks, duplicates, and certified reference standards in each batch of samples. Core is photographed and sawn in half with one half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at an independent ISO 9001:2001 certified laboratory in Mendoza, Argentina. Prepared samples are direct-shipped to ISO 9001:2001 certified laboratories in Santiago, Chile or Vancouver, B.C. Pulp splits of mineralized intervals are re-assayed at certified independent referee laboratories in Chile and Canada.

The independent NI 43-101 technical reports are available on the Company's website, http://www.goldenminerals.com/.

About Golden Minerals

Golden Minerals is a Delaware corporation based in Golden, Colorado, primarily engaged in the advancement of its exploration projects and in providing mine management services. The Company has a portfolio of 35 exploration projects, primarily located in Argentina, Peru and Mexico, including the advanced stage El Quevar project in the Salta Province of northwestern Argentina and the Zacatecas project in Mexico. The Company's experienced management team has proven in house ability to explore, develop and operate mining projects. Golden Minerals operates the San Cristobal mine in Bolivia for Sumitomo Corporation under a Management Services Agreement.

Cautionary Note to U.S. Investors concerning Estimates of Indicated and Inferred Resources: This press release uses the terms "indicated resources" and "inferred resources" which are defined in, and required to be disclosed by, NI 43-101. We advise U.S. investors that these terms are not recognized by the United States Securities and Exchange Commission (the "SEC"). The estimation of indicated resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned not to assume that indicated mineral resources will be converted into reserves. The estimation of inferred resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of resources. U.S. investors are cautioned not to assume that estimates of inferred mineral resources exist, are economically minable, or will be upgraded into measured or indicated mineral resources. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations, however the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, the information contained in this press release may not be comparable to similar information made public by U.S. companies that are not subject NI 43-101.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including statements regarding the exploration results and programs at the El Quevar Project, results of exploration activities, anticipated further updates of the El Quevar resource estimate, planned exploration activities, and planned feasibility work. These statements are subject to risks and uncertainties, including results of exploration and whether the results support engineering and other feasibility work on El Quevar, changes in geological interpretations, whether surface sampling results are indicative of further exploration results, availability of drills, unexpected variations in ore grade, types and metallurgy, whether the resources reported will be converted to reserves and whether the resources reported, including information regarding contained ounces, will be reduced as additional exploration and feasibility work is completed, including feasibility work on processing alternatives and projected recovery rates, results of feasibility work and uncertainties regarding whether project feasibility will be supported, financial market conditions, unexpected increases in costs of materials and supplies used in exploration activities, fluctuations in silver and other metal prices, technical and permitting issues, and the ability and success of the Company in raising adequate capital and implementing its plans. Golden Minerals Company assumes no obligation to update this information. Additional risks relating to Golden Minerals Company may be found in the periodic and current reports filed with the Securities Exchange Commission by Golden Minerals Company, including the Annual Report on Form 10-K of its predecessor for reporting purposes, Apex Silver Mines Limited, for the year ended December 31, 2008.

For additional information please visit http://www.goldenminerals.com/ or contact:
Golden Minerals Company
Jerry W. Danni
(303) 839-5060
Sr. Vice President Corporate Affairs

Andean Resources: New High-Grade Mariana Norte Discoveries at Cerro Negro


FREMANTLE, WESTERN AUSTRALIA--(Marketwire - Jan. 19, 2010) - Andean Resources (TSX:AND)(ASX:AND) is pleased to report further encouraging results from the ongoing drilling program at its 100% owned Cerro Negro project in southern Argentina. Today's results include new high-grade discoveries at Mariana Norte and an update on the recently announced San Marcos discovery.

Mariana Norte is located about 2 km southwest of the newly discovered San Marcos veins (see Figure 1). Mariana Norte was discovered in 2009 as a result of field mapping of the Eureka-Mariana areas and is characterized by classic banded quartz vein float surrounding an outcropping silica cap. A total of 77 samples have been collected over a northwest-trending area of 2 x 0.5 kilometres. These include 40 vein quartz float samples with banded epithermal textures and average 6.6 g/t gold and 41 g/t silver.

Since the potential source of the vein was not exposed, Andean drilled a fence of 5 reverse circulation holes in a southeast direction, every 100 meters, in order to determine the location of the targeted vein. These 5 drill holes discovered at least 3 veins beneath the surface:

MRC 905: 4m of 10.9 g/t gold and 6 g/t silver from 80m
MRC-906: 7m of 18.5 g/t gold and 87 g/t silver from 186m and;
18m of 20.6 g/t gold and 33 g/t silver from 205m
MRC-909: 6m of 11.0 g/t gold and 90 g/t silver from 77m
MRC-911: 7m of 12.3 g/t gold and 142 g/t silver from 131m and;
6m of 41.8 g/t gold and 81 g/t silver from 141m and;
2m of 15.1 g/t gold and 30 g/t silver from 153m
This fence of holes is shown on the plan view map (see Figure 2). The cross section showing the three veins from this fence of drill-holes is presented in Figure 3.

The widths reported above are intersected widths. True widths are not known at this time and will be reported once additional drilling provides more information. Andean has assumed an underground cut-off grade of 2.5 g/t gold at Mariana Norte for all the interval summaries reported in this release.

A second fence of RC holes is in progress 250 meters to the southeast and parallel to the first fence. This second fence of holes focused on the area beneath mapped quartz vein float that occurs directly southeast of holes MRC-907 and MRC-908, where no significant mineralization was intersected. MRC-912 and MRC-913 both intersected mineralized quartz veins in narrow intercepts which are listed below.



San Marcos

On November 23, 2009 Andean announced the discovery of the new San Marcos veins. Andean drilled a further step-out hole, SRC-908, a 100m step-out to the east and intersected the following:

SRC-908: 3m of 13.7 g/t gold and 9 g/t silver from 183m
With this drill hole, the east-west vein at San Marcos remains open to the east, and further drilling on this vein is warranted. The northwest vein at San Marcos will also remain a target for exploration drilling.

Wayne Hubert, Andean's Chief Executive Officer commented, "Two months ago, we discovered new veins at San Marcos; today, we are announcing the discovery of three new veins at Mariana Norte. Cerro Negro is proving to be one of the most exciting high-grade precious metal districts in the Americas."

Next Steps

Four drill rigs are currently drilling on the Cerro Negro property. Since October, about 70 infill holes have been drilled at Bajo Negro confirming the existing mineralization. A resource update at Bajo Negro is planned for late March, and this resource update will provide the basis for the mine plans at Bajo Negro in the Feasibility Study, which is on schedule to be completed by the end of June of this year.

Currently 2 drill rigs are focused on condemnation and geotechnical drilling of the processing facility, and the remaining two rigs are focused on exploration drilling.

The contract to complete the underground development work at Eureka is in the process of being finalized with an Argentinean joint venture formed by the Argentinean Company Constructora Sudamericana and the experienced South American Contractor Mas Errazuriz. Mobilization should be initiated in the next weeks.

Quality Control and Assurance

The analytical results quoted in this release are derived from half drill core in the case of diamond drill holes. Samples are prepared and assayed by ACME Analytical Laboratories SA (Mendoza) in Mendoza, Argentina. Gold is determined initially by fire assay with AA finish. Samples assaying more than 10 ppm gold are re-assayed using a gravimetric finish. Silver is determined initially by AAS, and samples assaying more than 100 ppm silver are re-assayed by fire assay with gravimetric finish. Quality control of the analytical results is maintained by inserting standards, blanks, and duplicates into the sample run, approximately every twenty samples. Additional quality control is maintained by sending assay sample splits to a second laboratory from time to time. These checks are evaluated statistically at regular intervals. All analytical data are entered into a Microsoft Access database, with limited access and numerous checks to ensure integrity of the data.



Qualified Persons Statement

The information in this press release that relates to exploration results is based on information provided by William H. Wulftange, Vice President of Exploration for Andean Resources, who is a Licensed Professional Geologist (#5219574-2250) by the State of Utah and a Fellow of the Society of Economic Geologists. Mr. Wulftange has extensive experience relevant to the style and type of mineralization and deposits under consideration, and to the activity undertaken, to qualify as a Qualified Person as defined in Canadian National Instrument 43-101. Mr. Wulftange has reviewed and verified that the information presented in this release conforms to NI 43-101 standards and industry Best Practices.

Figure 1: Mariana Norte Location is available at the following web link: http://media3.marketwire.com/docs/and0119fig1.pdf.

Figure 2: Plan view map of the Mariana Norte area is available at the following web link: http://media3.marketwire.com/docs/and0119fig2.pdf.

Figure 3: Mariana Norte Cross Section is available at the following web link: http://media3.marketwire.com/docs/and0119fig3.pdf.

Andean Resources Ltd. is a dual listed company (TSX:AND)(ASX:AND), actively and aggressively exploring for gold resources in Argentina. The company is well positioned to become a mid-tier gold producer over the next two years as it commences production from its 100% owned Cerro Negro project. This high-grade, world-class deposit is located in the mining-friendly province of Santa Cruz, in southern Argentina, and contains a growing resource base of over 2.5 million ounces of gold. In order to expand its resource base and add to the future production profile, Andean is committed to ongoing exploration and building its resource inventory at the Cerro Negro project and, in the process, generating enhanced returns for its shareholders as a platform for future growth.

ABN 064 494 319



For more information, please contact

Andean Resources Limited
Krista Muhr
Director of Investor Relations
In North America: +1.647.330.1478
In Australia: +61 (0) 448.886.460
krista.muhr@andeangold.com
or
Andean Resources Limited
1/1 Nairn Street, Fremantle
Western Australia 6160
+ 61 (8) 9430.9966
+ 61 (8) 9430.9965 (FAX)
www.AndeanGold.com


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

18 ene 2010

Rodinia Minerals Inc. Acquires Lithium Salars in Argentina



TORONTO, ONTARIO--(Marketwire - Jan. 18, 2010) - Rodinia Minerals Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM), has entered into an agreement with Borax Argentina SA ("Borax"), a subsidiary of Rio Tinto Minerals, to acquire three separate lithium-brine projects in Salta, Argentina: the Salar de Diablillos ("Diablillos"); the Salar de Centenario ("Centenario"); and the Salar de Ratones ("Ratones").

Commenting on the acquisitions, David Stein, President and CEO said, "Today's announcement reinforces Rodinia's vision of building a long-term, low-cost producer of lithium brine. In conjunction with our flagship Clayton Valley project in Nevada, and our previous Argentine acquisition of Salinas Grandes, the acquisitions of Diablillos, Centenario and Ratones builds a strong position in South America, and a stable of high quality lithium brine exploration projects. We plan to work diligently over the coming months to review and prioritize our pipeline of brine prospects".

Diablillos
The Diablillos land package comprises 2,700 hectares and represents the central three-quarters of the entire salar (the "Diablillos Property"). Pursuant to the option agreement entered into between the Company and Borax (the "Diablillos Option Agreement"), the Company has the option to acquire a 100% interest in the lithium-rich brines located on the Diablillos Property. Previously completed studies on the brine chemistry in Diablillos concluded lithium concentrations averaging 960 milligrams per liter with a reported magnesium-to-lithium ratio of 3.96 (Alonso, 1999; Alonso, Jordan, Tabbutt & Vandervoort, 1991; Alonso & Viramonte, 1990). These studies and data are historical in nature and are not National Instrument 43-101 ("NI 43-101") compliant. Accordingly, such historical data should not be relied upon. Pursuant to the terms of the Diablillos Option Agreement, Borax will grant the Company a three year exploration licence to explore the lithium bearing brines and a subsequent forty year mining licence to acquire all recovered metals and minerals from such brines. The mining licence will commence upon the earlier of: (i) the expiry of the exploration licence; or (ii) at the discretion of the Company and may be renewed for an additional 40 year term in accordance with Argentine mining law. In consideration, the Company shall pay Borax an aggregate of USD$1,944,000 as follows: (i) USD$500,000 on or before January 25, 2010; (ii) USD $500,000 on or before July 15, 2010; and (iii) USD$944,000 on or before November 30, 2010. In addition, Borax shall retain a 1.5% net smelter return royalty with respect to the Diablillos Property (the "NSR"). The Company has the option to purchase the NSR for USD$1,500,000 at any time during the term of the Diablillos Option Agreement.

William Randall, Vice President, Exploration commented "Diablillos is reportedly the highest grade salar in the Argentine Puna, ranking alongside the best lithium bearing salars. The project is also adjacent to Silver Standard's silver-gold deposit of the same name, and only 11 kilometres from Salar del Hombre Muerto where FMC Lithium Corporation has its operating mine. As such, the project has excellent infrastructure for the area."

Centenario and Ratones
The Centenario land package comprises 682 hectares (the "Centenario Property") and the Ratones land package comprises 600 hectares (the "Ratones Property"), both of which are located in the Province of Salta, Argentina.

Pursuant to the option agreement entered into between the Company and Borax with respect to the Centenario Property (the "Centenario Option Agreement"), the Company may acquire a 100% interest in the Centenario Project by paying Borax an aggregate of USD$774,711 as follows: (i) USD$154,711 on or before January 25, 2010; (ii) USD$170,000 on or before July 15, 2010; and (iii) USD$450,000 on or before November 30, 2010. In addition, Borax shall retain a 1% net smelter return royalty with respect to the Centenario Property (the "NSR"). The Company has the option to purchase the NSR for USD$1,000,000 at any time during the term of the Centenario Option Agreement.

To acquire a 100% interest in the Ratones Property, the Company is required to pay Borax an aggregate of US$180,000 as follows: (i) USD$100,000 on or before January 25, 2010; and (ii) USD$80,000 on or before July 15, 2010.

"Based on historical studies, these properties are both believed to have lithium-rich brines with good potential, and enable Rodinia to carry out its exploration and development plans securely," said William Randall. Centenario's subsurface brines reportedly contain 400 milligrams per litre lithium, while brines within Ratones contain 600 milligrams per litre lithium (Alonso, 1999; Alonso, Jordan, Tabbutt & Vandervoort, 1991; Alonso & Viramonte, 1990). These studies and data are historical in nature and are not NI 43-101 compliant. Accordingly, such historical data should not be relied upon. Borax will retain the rights to mine the surface phase borates at Ratones.

"In addition to its exploration potential, Ratones is within 8 kilometres of Diablillos and connected by an existing road. The close proximity of these projects provides for a lot of production alternatives, including multiple options for the construction of evaporation ponds. The Centenario properties have installations and infrastructure such as housing, weigh scales and storage facilities," said David Stein. "All in all, the addition of these three projects reinforces Rodinia's position in South America."

Figure 1 below depicts a map of the Argentine Puna.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/argentine.pdf

William Randall, P.Geo, the Vice President, Exploration of Rodina, a qualified person, as defined in NI 43-101 has reviewed and approved the scientific technical information in this release.

About Rodinia Minerals Inc.:

Rodinia Minerals Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. The Company is positioned to capitalize on the expected increase in demand for lithium carbonate that is projected to result from the anticipated paradigm shift to mass adoption and use of key lithium applications (lithium-ion batteries, glass ceramics, greases, pharmaceuticals etc.).

Rodinia is currently exploring its 100% owned, Clayton Valley project in Nevada, USA. With its initial 3-hole drill program complete, the Company is actively planning and permitting and expanded 20-hole program that surrounds the only lithium brine producer in North America.

Please visit the Company's web site at www.rodiniaminerals.com or write us at info@rodiniaminerals.com

Cautionary Notes
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the acquisition of the Salar Diablillos, the Salar de Centenario, or the Salar de Ratones; the potential results and timetable for further exploration of the Company's Argentine projects; the potential of the Company's projects; the potential results and timetable for further exploration with respect to the Clayton Valley project, timetable for further exploration, analysis and development; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.



NEITHER THE 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.


For more information, please contact

Rodinia Minerals Inc.
David Stein
President & CEO
+1 (416) 861-5812
or
Rodinia Minerals Inc.
Aaron Wolfe
Vice President, Corporate Development
+1 (416) 309-2696


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/

14 ene 2010

Minera Andes Exploration Update



TORONTO, ONTARIO--(Marketwire - Jan. 12, 2010) - Minera Andes Inc. (the "Corporation" or "Minera Andes") (TSX:MAI)(OTCBB:MNEAF) is pleased to provide an exploration update on its activities in Argentina. Two diamond drills arrived at Los Azules in December and initiated drilling. A third diamond drill arrived the first week of January. Drilling will continue until the field season closes in mid-to late-April.

The objective of the drilling program is to expand the known limits of the mineralization, look for extensions of high-grade mineralization, and to increase the confidence level of the current inferred resource. The Company plans to drill approximately 8,800 meters of diamond drilling during the field season. More geological mapping and geophysical work will be conducted during the field season to target possible extensions of the mineralization.

Los Azules is a large copper porphyry system located in western San Juan province in a belt of porphyry copper deposits that straddles the border between Chile and Argentina. This belt contains some of the world's largest copper deposits, including Codelco's El Teniente and Andina mines, Anglo American's Los Bronces mine, Antofagasta PLC's Los Pelambres mine and Xstrata's El Pachon project, among others. The San Juan province is one of the most mining-friendly regions in Argentina.

Los Azules has an inferred mineral resource of 922 million tonnes grading 0.55 percent copper and containing 11.2 billion pounds of copper at a cutoff grade of 0.35 percent copper. There is high-grade, near-surface core of 161 million tonnes grading 0.87 percent copper and containing 3.1 billion pounds of copper at a cutoff grade of 0.70 percent copper. The known resource covers an area approximately 3.7 kilometers by 1 kilometer in size and is open at depth and laterally.

In Santa Cruz

Minera Andes has plans to do ground magnetic and induced polarization geophysical surveys at its wholly owned Celestina, Martes and Telken properties during the first quarter of 2010 in order to define targets for drilling later in the year.

Legislation was recently passed in the Province of Santa Cruz, Argentina that provides for the creation of a special interest area in which mining activities may occur. Within the special interest area mining and processing activities would be restricted near cities and certain rivers and lakes. We currently do not anticipate that the San Jose mine operations will be impacted. Although certain of the Company's grassroots explorations properties may be affected, the company does not expect such restrictions to materially impact its exploration targets or exploration plans. The provincial government has not issued the administrative regulations to accompany the legislation. As such, no assurances can be made and it is not possible at this time to fully assess the impacts of this legislation.

About Minera Andes:

Minera Andes is an exploration company exploring for gold, silver and copper in Argentina with three significant assets: A 49% interest in Minera Santa Cruz SA who owns the San Jose Mine which is one of the world's largest primary silver producers, which produced 4.4 million oz silver and 64,000 oz gold in 2008; 100% ownership of the Los Azules copper deposit; and, a portfolio of exploration properties in the highly prospective Deseado Massif region of Santa Cruz Province in southern Argentina. Minera Andes continues to be well funded and have no bank debt. As at September 30, 2009, the Corporation had approximately $20.9 Million USD in cash.

This news release is submitted by James K. Duff, Chief Operating Officer of Minera Andes Inc.

Scientific and Technical Information and Caution Concerning Forward-Looking Statements:

For further information in respect of the Los Azules project please refer to the technical report entitled "Canadian National Instrument 43-101 Technical Report in Support of the Preliminary Assessment on the Development of the Los Azules Project, San Juan Province, Argentina" dated March 19, 2009, the "Los Azules Report" prepared by Randolph P. Schneider, Robert Sim, Bruce Davis, William L. Rose, and Scott Elfen, each of whom is "independent" of the Corporation and a "qualified person" for the purposes of National Instrument 43-101 - "Standards of Disclosure for Mineral Projects. This report is available on SEDAR (www.sedar.com). The results of the foregoing preliminary assessment contained in this news release is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the project as described in the preliminary assessment will be realized. The basis for the preliminary assessment and the qualifications and assumptions made are set out in the Los Azules Report.

For further information in respect of the San Jose mine please refer to the technical report entitled "Canadian National Instrument 43-101 Technical Report on the San Jose silver-gold mine Santa Cruz, Argentina" dated January 1, 2009, prepared by Mr. Eugene Puritch, Mr. Al Hayden, Mr. James Pearson, Mr. Antoine Yassa, Mr. Fred H. Brown, and Ms. Kirstine Malloch, each of whom is "independent" of the Corporation and a "qualified person" for the purposes of National Instrument 43-101 - "Standards of Disclosure for Mineral Projects. This report is available on SEDAR (www.sedar.com).

This press release contains certain forward-looking statements and information. The forward-looking statements and information express, as at the date of this press release, the Corporation's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results and management's understanding of proposed legislative changes. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks, risks associated with foreign operations, the state of the capital markets, environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves and other risks.

Readers should not place undue reliance on forward-looking statements or information. The Corporation undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. See the Corporation's annual information form for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information. All forward-looking statements and information made in this news release are qualified by this cautionary statement.



For more information, please contact

Minera Andes Inc.
Helen Bilhete
Director, Investor Relations
Toll-Free: 1-866-441-0690 or 647-258-0395
647-258-0408 (FAX)
info@minandes.com


For more information on Mining in Argentina, active companies, projects and operating mines, statistics and much more, please visit our website: http://www.argentinamining.com/