Sinchao Metals and Andean American Mining Announce Commencement Of Drill Program
April 30th, 2007Sinchao Metals Corp. and Andean American Mining Corp. are pleased to announce the start of new drilling activities at the Sinchao Property in Peru on April 30 , 2007. The 2007 exploration program will involve an initial 5,000-metre diamond drill program to further test the continuity and limits of the Breccia Zone, and to test the High Grade Zinc in the Skarn Zone. In addition, further targets defined by the geophysical surveys will be drill tested and an estimation of inferred resources will be completed in late 2007.
Sinchao Metals Corp. was formed by Andean American Mining Corp. in 2006, in order to provide shareholders with the opportunity to participate in the exploration and development of the polymetallic Sinchao Property.
Andean American Mining Corp. held the Sinchao Property in Cajamarca province, northern Peru, since 1996. Initial geological mapping, surface sampling, Induced Polarization and magnetometer surveys were completed in 1996, followed by over 8000 metres of drilling during 1997 and 1998. Results were very encouraging, however, metal prices were at all time lows and exploration was halted. Since 1998, Andean American consolidated its land position and in 2005 acquired 21 hectares contiguous with the existing Sinchao Property to complete its land acquisitions. Sinchao Metals Corp. now owns 100% of the Sinchao Property.
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