Andina Minerals Files Amended Q1 2011 Financial Statements
June 21 2011 - 2:31PM
Marketwired
Andina Minerals Inc. (TSX VENTURE: ADM) filed amended financial
statements for the period ended March 31, 2011. The financial
statements were amended to include an equity reconciliation of
Canadian GAAP to International Financial Reporting Standards for
the three months ended March 31, 2010.
About Andina Minerals Inc.
Andina's primary focus is mining exploration and development in
Chile. The Company's flagship development project is the 100%-owned
Volcan Gold Project ("Volcan"), strategically located in the
prolific Maricunga Gold Belt. In February 2011, Andina announced
the results of a positive pre-feasibility study for Volcan. Initial
Proven and Probable Mineral Reserves are 6.6 million ounces of gold
at an average grade of 0.73 g/t contained in 283 tonnes of ore. In
addition, there remains 2.3 million ounces of Measured and
Indicated gold resources at an average grade of 0.66 g/t contained
in 107 tonnes of ore plus 1.2 million gold ounces in the Inferred
category. Andina is progressing with a feasibility study for
Volcan, targeted for completion in the first half of 2012.
In addition to Andina's extensive underexplored land position
surrounding Volcan, the Company holds two other mineral properties
located within Chile's primary mining regions.
Contacts: Andina Minerals Inc. George M. Bee President & CEO
416 203 3488 Andina Minerals Inc. Derrick Weyrauch Chief Financial
Officer 416 203 3488 www.andinaminerals.com
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