Minera Andes Inc. (“MAI”), the operator on the Los Azules property, in which TNR Gold Corp.(“TNR”) holds a 25% back-in right on the Xstrata Copper (Xstrata”) ground, announced assay results from the first core hole drilled in the 2007-2008 field season. Hole AZ-07-30 encountered 113 metres of 1.04% copper within a larger zone of 200.8 metres of 0.89% copper. To date seven vertical holes have been completed totaling 2,528 metres of the 5,000 metre, 12 hole drilling Stage 1 program currently underway. Four holes are currently being drilled and assays are pending for six holes. This information has been derived from MAI’s news in Stockwatch dated March 12, 2008.
LOS AZULES PROJECT
Drill hole AZ-07-30 is located on the portion of the property Xstrata optioned from TNR. The property consists of approximately 20,000 acres and is located adjacent to the northern border of MAI’s Los Azules property. Xstrata met all the conditions under the option agreement and the property has been transferred, subject to a 25% back-in right in favour of TNR.
In 2005 Xstrata optioned its 100% interest to MAI in exchange for making all the cash payments required and incurring $3,000,000 in exploration expenditures by May 15, 2008.
Drill results from MAI’s 2006 campaign at Los Azules confirmed significant high-grade copper on the property. An 11-hole drill program returned intervals up to 1.62% copper over 221 metres and 1% copper over 173 metres in separate holes, both of which are on the Xstrata optioned property.
In addition to the back-in right TNR maintains a strategic land position adjacent to the Los Azules project.
On behalf of the board,
Gary Schellenberg
President
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