AndeanGold Ltd. (TSX-V: AAU) has signed a Memorandum of Understanding (MOU) with Gitennes Exploration Inc. (TSX-V: GIT). The MOU is for AndeanGold to acquire a 60% joint venture (JV) interest in Gitennes' Urumalqui Au-Ag Project. The project is positioned in the Department of Libertad, Peru, about 70km east of the city of Trujillo.
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AndeanGold Ltd. is engaged in the acquisition, exploration and potential development of primarily precious metals properties, principally in Peru and Ecuador. The focus of the Company's exploration activities is presently in advancing its Rio Seco Project, as well as pursuing mineral property acquisitions, in Peru.
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