TORONTO, April 4, 2007 (PRIME NEWSWIRE) -- Geoandina Mining Corp. (Other OTC:GODN), a mining exploration and production company, is pleased to announce its ongoing negotiations and key management from its South American division based in the city of Mendoza, Argentina.
Geoandina Mining Corp. has been negotiating all future properties and contracts through its South American division, and will continue to assist with all aspects of ongoing properties, future acquisitions and growth. Both divisions are working together on modernizing a center of operations, as well as attaining all heavy machinery purchases/rentals, equipment, and any other mining necessities.
"Our South American division, based in Mendoza, Argentina, has been in the mining and exploration business for over twenty years, but, required a team with North American management and capital to further explore additional properties," said Mr. Edwin Solano, Secretary/Treasurer of Geoandina Mining Corp.
Mr. Gustavo Santecchia is the Director of the South American Division of Geoandina, and has played a very active role with the Company by orchestrating sites throughout Argentina within the regions of Mendoza, San Juan y Neuquen, including the Company's main Plant of Operations being in Mendoza. This is where the Company has been in the production of multi-minerals such as calcium, talcum, sulfates, and castings for massive construction/industrial projects for many decades.
"Mr. Santecchia has been the instrumental key in negotiating our target properties in Argentina," continues Mr. Solano. "Prior to joining Geoandina, Mr. Santecchia was involved in Operations Development for Minera La Favorita, a gold mining company in which he applied his experience implementing and managing gold and base metal exploration programs. He is a specialist when it comes to all stages of development and exploration of minerals and precious metals."
Mr. Solano, as the Company's Secretary/Treasurer, has reviewed all future concepts for Geoandina and is aware where the company should be within the next two to three years, especially in an industry that is ever growing. He understands, along with the Company that it is to acquire exploration and producing properties in undiscovered areas in order to reach a success unparalleled to other major mining companies.
"Geoandina Mining Corp. has projected a high level of performance for the coming years," continued Mr. Solano. "Both of our divisions will continue to operate as one unit with the same goal; to further explore properties and in time to reach production revenues, all while increasing the price per share, and turning the Company into a major precious metals corporation for years to come. In fact the key to our success will fall on the individuals that have been placed on our management team on an international scale and our shareholders. Together, we will all work towards a bright future."
The Company will release additional information pertaining to its history in the extraction and selling of minerals throughout Argentina.
About Geoandina Mining Corp.
Geoandina Mining Corp. is a mining exlporation and production company, trading under the ticker symbol GODN. The Company will continue to acquire proven gold and precious metal reserves throughout South America and operate through a variety of strategic methods such as acquisitions, joint ventures, or partnerships.
The Company's initial target is Argentina, a country with tremendous growth perspective. The Argentine mining sector is extremely encouragement and high in potential. With a surface of over two million square kilometers, it is very rich in mining resources. In fact, the Mining Journal Survey has ranked Argentina sixth in the world in mining resource potential, ahead of high gold producing countries such as Mexico, Colombia, and Bolivia.
Forward-Looking Statements:
Statements contained in this news release, which are not historical facts, are forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 that involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for coal; replacement of reserves; procurement of required capital equipment and operating parts and supplies; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies including tax and trade laws and policies; ability to maintain and further improve positive labor relations; and other development and operating risks. Although Geoandina believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this report. The company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.