BergenPresidentPeter LegerVice-PresidentTel: 403.262.3797Toll Free: 1.877.262.5888Email: Email ContactEmail ContactCopyright 2009, Market Wire, All rights reserved.-0-. Minera Andes announces fourth quarter gold/silver production increases at theSan Jose mineTSX: MAINASD-OTCBB: MNEAFSPOKANE, WA, Jan 23 /PRNewswire-FirstCall/ - Minera Andes Inc. (TSX: MAI andUS OTC: MNEAF) is pleased to announce details of the San Jose mine productionto December 31, 2008. The San Jose joint venture is operated by Minera SantaCruz S.A. ("MSC") and is owned 49 by Honda Civic Tour tickets Minera Andes and 51 by HochschildMining plc tickets for U2 ("Hochschild") (HOCM.L: Reuters and HOC LN: Bloomberg - LondonStock Exchange). Millthroughput increased 60 compared to the previous quarter due to the plantexpansion completed in October.
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SAN JOSE MINE PRODUCTION-Production TOTAL Q4 Q3 Honda Civic Tour Q2 tickets for Honda Civic Tour Q1 20082008 2008 2008 2008-Ore production (metric tons) 295,963107,875 67,589 60,603 59,897-Average head grade silver (g/t)559463547681624-Average head U2 grade gold (g/t) 6.69 5.91 6.78 7.56 7.10-Silver produced (ounces)4,380,0001,329,000990,0001,093,000968,000-Gold produced (ounces) 54,260 17,370 12,340 12,410 12,140-Net silver sold (ounces) 4,626,4001,173,000846,0002,284,400323,000-Net gold sold (ounces)58,890 15,1009,760 tickets for Blink 182 28,9805,050- The Company has a 49 interest in the San Jose joint venture.The San Jose mine entered into commercial production on January 1, 2008, and aproject to double the original design capacity of the processing plant from750 metric U2 ticket tonnes U2 tickets per day ("MTPD") to 1,500 MTPD was completed in October2008. Mill production has now been ramped up to the capacity of 1,500 metrictonnes per day, and December 2008 marked the first Blink 182 ticket full month of production atthe expanded capacity rate. MSC forecasts that atthe expanded production rate, the San Jose mine will produce approximately95,000 ounces of gold and 7,500,000 ounces of silver in 2009.Allen V. Ambrose, president of Minera Andes said, "We are pleased to reportincreased gold and silver production at San Jose. The fourth quarter resultsstart to show the impact of production that has ramped up to 1,500 metrictonnes per day.
We anticipate this increase in production to further reducethe unit cost per ounce and unit cost per tonne at the mine."The San Jose mine now comprises 18 km of underground workings accessed byramps on the Huevos Verdes, Frea and Kospi veins. During 2008, 5,187 meters ofworkings were completed on these three veins. The mine is currently staffedwith 734 employees and over 200 contractors.Allen V. Ambrose, Minera Andes' President, who is a "qualified person" asdefined by National Instrument 43-101, is responsible for the information usedin this Blink 182 news release and has supervised the preparation of Blink 182 tickets the information andreviewed all information used in this news release.Minera Andes is a gold, silver and copper exploration company working inArgentina. The Company holds about 304,000 acres of mineral exploration landin Argentina. The producing San Jose silver/gold mine is 49 owned by MineraAndes through a joint venture.
Minera Andes is also exploring the Los Azulescopper project in San Juan province, where an exploration program has defineda resource and a scoping study is underway. Other exploration properties,primarily silver and gold, are being evaluated in southern Argentina. TheCorporation presently has 190,158,851 shares issued and outstanding.This news is submitted by Allen V. Ambrose, President and Director of MineraAndes Inc.Caution Concerning Forward-Looking Statements:This press release contains certain "forward-looking statements", including,but not Honda Civic Tour ticket limited to, the statements regarding the Company's strategic plans,evolution of mineral resources and reserves, work programs, development plansand exploration budgets at the Company's San Jose Project. The forward-lookingstatements express, as at the date of this press release, the Company's plans,estimates, forecasts, projections, expectations or beliefs as to future eventsand results.
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