Andes Gold Corporation Adds Milling Capacity Through Purchase in Peru
August 06 2012 - 11:58PM
Marketwired
Andes Gold Corporation (PINKSHEETS: AGCZ), a gold mining company
with existing operations in Ecuador, is pleased to announce that it
has purchased a second mill in Peru with a capacity of 20 tons per
day. The Company expects to upgrade this mill to a capacity of 40
tons per day. With the upgrades the Company will have an overall
milling capacity of 90 tons per day in Peru. The Company has 2
producing gold mines and 3 fully operating mills/smelters. At
capacity, the mills can produce 240 tons per day with a projected
average head grade of 1.0 oz of gold per ton.
Andes Gold Corporation trades in the United States on the OTC
Pink under the symbol "AGCZ." For further information, please
contact the Company at (561) 210 8496 or www.andesgoldmine.com or
investors can find real time quotes and market information for the
Company on www.otcmarkets.com.
NOTE: This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 involving risks and uncertainties. Results, events and
performances could vary from those contemplated. These statements
involve risks and uncertainties which may cause actual results,
expressed or implied, to differ from predicted outcomes. Risks and
uncertainties include but are not limited to product demand, market
competition and Andes Gold Corporation's ability to meet current or
future plans. Investors should study and understand all risks
before making an investment decision. Readers are recommended not
to place undue reliance on forward-looking statements or
information. Andes Gold is not obligated to publicly release
revisions to any forward-looking statement, to reflect events or
circumstances afterward or to disclose unanticipated occurrences,
except as required under applicable laws.
Andes Gold Corporation (561) 210 8496 www.andesgoldmine.com
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