Los Azules 43-101 Technical Report out!!!

After a bit of wait time, the 43-101 (technical national standard) report is finally out on Los Azules. I recommend long time followers of Minera Andes and mining junior TNR Gold Corp take a look - even at $1.90 copper prices - a 25% conditional back-in by TNR should put the junior at at easily $1.00+ range. 

More positive news - although no formal resource has been announced yet for gold and silver, retail investors have been clamoring about potential gold and silver tonnages to the neighborhood of "1 million ounces gold+ and 30 million ounces of silver". 

Both are up nicely on Friday - unfortunately both pulled back with recent downturns... but solid companies to watch for.

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Minera Andes files technical report confirming large copper resource at Los Azules

SPOKANE, WA, Oct. 24 /CNW/ - Minera Andes Inc. (TSX: MAI and US OTC: MNEAF) is pleased to report that a technical report in support of a resource estimate for Minera Andes' Los Azules copper project in Argentina has been filed in accordance with National Instrument 43-101.andis available at www.sedar.com.

The new technical report, by Minera Andes' independent consultant Donald B. Tschabrun, MAusIMM, of Tetra Tech in conjunction with Robert Sim, P.Geo., an independent qualified person as defined by NI 43-101 and Bruce Davis, FAusIMM, is entitled "Los Azules Copper Project San Juan Province, Argentina, NI-43-101 Technical Report," and summarized in a Minera Andes news release dated September 8, 2008 .

The report supports the independent resource estimate showing an inferred resource at Los Azules of 922 million tonnes, grading 0.55 percent copper, containing 11.2 billion pounds at 0.35 percent total copper ("CuT") cutoff. This resource occupies an area approximately 3.7 km by 1 km in size and contains a high-grade near surface copper core in the north (see maps in Sept. 8, 2008 news release).

Mr. Allen Ambrose, president of Minera Andes, an appropriately Qualified Person as defined by NI 43-101 for the Los Azules project, has reviewed and approved the content of this press release.

Minera Andes is a gold, silver and copper exploration company working in Argentina. The Company holds about 304,000 acres of mineral exploration land in Argentina including the 49% owned producing San José silver/gold mine. In addition to exploring the Los Azules copper project in San Juan province other exploration properties, primarily silver and gold, are being evaluated in southern Argentina. The Corporation presently has 189,621,935 shares issued and outstanding.

This news is submitted by Allen V. Ambrose, President and Director of Minera Andes Inc.

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