The project is located 245km south of Potosí.
Rio Blanco project is a gold-antimony project in Ordovician sedimentary rocks; it is a Bendigo style targetlocated in the prolific Orogenic Gold Belt in Western Bolivia. Structurally, the project is the axial plane (NW-SE strike) of a regional anticline, along which several auriferous mines and projects are situated. These include Kori Kollo-Kori Chaca San Bernardino, San Pablo, Antofagasta, Chilcobija, Kori Khoya, and other projects.
Rio Blanco concession area is a total of 3,745 Has. Andean’s subsidiary holds a 100% interest of mineral concessions.
Andean regards Rio Blanco as a high-potential exploration target with known structure at surface mapped and trench sampled for 2.2km. The trench sampling completed cuts the axial plane of a regional anticline. Selective results from trenching which will inform further exploration activities in 2021. These results include 17 metres at 2.2g/t, 6m at 2.8g/t, 5m at 3g/t, 20m at 1.9g/t, 2m at 9.57g/t, 7m at 3.87g/t, 9m at 3.7g/t
Andean has concluded a new access to the property and will conduct firstly an intensive programme of prospecting, including surface mapping and sampling, geochemistry and geophysics survey including deep geophysics Quantec Titan. Andeans drilling programme will commence in Q4 of 2021 initiating a budgeted programme of 10,000 metres.