Argentina Update  

Argentina Update

JANUARY 21, 2003

Following recent work by the Santa Cruz Joint Venture (SCJV) which defined several promising gold-rich vein systems on Yamana's Martinetas gold property in southern Patagonia, Santa Cruz Province, Argentina, nine separate veins will be tested by a 2000-meter diamond-core drilling campaign due to start late in January.  

The SCJV is a three-way partnership consisting of Yamana and Peru's two largest gold mining companies - Compania de Minas Buenaventura S.A.A., as operator, and Mauricio Hochschild & Compania S.A.C.  

 

Yamana Resources Inc., Victor H. Bradley, President and CEO, T: (509) 838-6615, F:(509) 838-0714, Email: Investor@yamana.com, http://www.yamana.com