Andes Gold
Andes Gold Corporation (AGCZ.PK), through its wholly owned subsidiary Compania Minera P.L. controls Miranda Alto, a gold mining and exploration concession in Ecuador, South America.
The mine is active and is currently processing 20 tons of ore per day, producing 1 oz. of gold per ton and 15 grams of si
lver per ton from shafts within the Miranda property. There are more sites which could increase production, but not until the capacity of the company’s processing plant is increased. In the short term, the company plans to increase production from the mine to 100 tons per day.
The Miranda vein has 95,000 oz. of proven reserves.
LOCATION
The Miranda Project is located in the cantons of Zaruma and Portovelo, Province of El Oro, southern Ecuador, about 175 kilometers south and 60 kilometers southeast of the major port cities of Guayaquil and Machala respectively. The center of the property is located on 654,500 East and 9,594,000 North (UTM PSAD-56, zone 17S) or longitude 79° 36’ 31” West and latitude 3° 41’ 20” South.
The mine is strategically located close to two medium-sized mining towns: Zaruma and Portovela. Access to them is about 2 hours drive from the city of Machala through asphalted roads. Access on the project area is facilitated by a relatively dense network of secondary roads. The project area is also traversed by a main highway to the city of Loja.
