OroAndes Resource Corp.
TSX VENTURE : OAR

OroAndes Resource Corp.

November 15, 2011 14:11 ET

OroAndes Updates Fall Work Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2011) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

OroAndes Resource Corp. (the "Company") (TSX VENTURE:OAR) is pleased to announce that crews have completed the preparation of drill targets. A diamond drill rig is currently being mobilized to begin drilling on the Kilometre 26 nickel project located north of the community of Fort St. James in central British Columbia.

The Company has entered into a drill contract with Omineca Diamond Drilling Ltd. of Burns Lake, BC. to drill approximately 2,000 metres. It is expected that a total of 12 drill holes, identified over the summer exploration program will be completed.

Due to the relatively low elevation of the Kilometre 26 property and its excellent access, exploration programs can be carried out year round. Kilometre 26 is accessed by an all season arterial logging road.

The Kilometre 26 Project encompasses 9,819 hectares (24,263 acres). It is centered on a strong magnetic anomaly indicated on the Quest West helicopter-borne magnetic and electromagnetic survey flown for the British Columbia government (Geoscience BC) and published January, 2009. The magnetic anomaly is circular in feature and is more than five kilometres in diameter, suggesting a large ultramafic body. Geological reconnaissance and prospecting over the last two summers has discovered an area of nickel mineralized serpentinite over an area of five kilometers by three kilometers (outcrop, subcrop and rubble) within this feature. Drill targets were established following the completion of approximately 65 line kilometers of ground based surveys (particularly magnetic field and induced polarization). The setting and nature of the nickel mineralization is believed to be similar to what occurs at the Decar Project (First Pont Minerals Corp and Cliffs Natural Resources Inc.), located thirty kilometres to the west. The Property is easily accessible by a major industrial road and logging roads, is bisected by a power line that forms part of the British Columbia power grid and is adjacent to a branch line of the Canadian National Railway

For more detailed information visit the Company's website at www.oroandes.com.

J.W. (Bill) Morton P.Geo, a Qualified Person for the purposes of National instrument 43-101, has read and taken responsibility for this news release.

This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although OroAndes believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of OroAndes' management on the date the statements are made. OroAndes Resource Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, except as required by law.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • OroAndes Resource Corp. - Head Office
    Sandy MacDougall
    President and Chief Executive Officer
    604-662-8186
    604-662-8170 (FAX)
    www.oroandes.com