Animas Announces Golden Arrow Drilling Results
December 09 2010 - 4:15PM
Marketwired
Animas Resources Ltd. (TSX VENTURE: ANI) reports our gold and
multi-element analytical results for a 16 drill-hole exploration
program completed at the Golden Arrow gold-silver prospect Nevada.
No intervals of substantial gold mineralization were encountered,
but several holes encountered anomalous gold and pathfinder element
enrichments in strongly-altered volcanic rock that must be
interpreted within the larger geological setting:
The only two multi-sample gold Intervals over 1 gram per tonne
gold (g/t Au): in the 14,185 feet of drilling are:
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Interval
Hole Number From (feet) To (feet) (feet) g/t Au
----------------------------------------------------------------------------
GA10-338 335 365 30 1.98
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Incl. 335 345 10 5.91
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GA10-344 410 418 8 2.22
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(these intercepts are observed to be a limonite-bearing fracture zones)
A Technical Report on the Golden Arrow Project dated June 9,
2010 can be found on Sedar at www.sedar.com or on the Company's
website at www.animasresources.com. The resource estimate in the
Technical Report uses a variable cut-off grade of 0.010 ounces per
ton (opt) gold for oxide material and 0.015 opt gold for
non-oxidized material and consists of:
-- A measured and indicated resource of 12,172,000 tons with an average
grade of 0.024 opt Au, and an average silver grade of 0.33 opt Ag
containing 296,500 ounces of gold and 4,008,800 ounces of silver.
-- An inferred resource of 3,790,000 tons at an average grade of 0.013 opt
Au, and an average grade of 0.33 opt Ag containing 50,400 ounces of gold
and 1,249,000 ounces of silver.
The objective of the 2010 drill program was to augment this
defined resource through discovery of additional new centers of
mineralization. Exploration drill holes were widely-spaced over an
area of approximately 2 square miles (see locations on accompanying
map). The drilling program was comprised of four diamond core holes
totaling 3,785 feet and ten reverse-circulation drill holes
totaling 10,400 feet. Analytical work was done by American Assay
Laboratories Inc, of Sparks Nevada. Completion of the drilling
program satisfies the work commitment of Animas to Nevada Sunrise
Gold Corporation. Preparation of final technical reports will
involve integrated interpretation of drill-hole geology and
geochemistry in the context of the district geological setting.
To view the map associated with this release, please visit:
http://media3.marketwire.com/docs/ani-map2.pdf.
Gregory E. McKelvey, President of Animas Resources Ltd.
commented: "The program adequately and effectively tested a number
of areas for large-scale disseminated gold mineralization and
targets similar to the known deposits at Gold Coin and Hidden Hill.
We continue to look to acquire high quality targets that have large
deposit potential that our exploration teams can quickly and
efficiently identify and effectively test."
Animas has received considerable interest in both the gold
resources and the molybdenum potential at its Santa Gertrudis
property in Sonora Mexico. Several substantial and producing
companies are taking a close look at the data and property.
About Animas Resources Ltd.
Animas Resources Ltd., a North American mineral resource company
focused on acquisition and discovery, consolidated the Santa Teresa
District's Santa Gertrudis precious metal and related deposits and
prospects within a 562 square kilometer land holding. Our mission
is to grow Animas Resources through discovery and acquisition of
high-quality mineral deposits and to build upon the historic gold
resource base at Santa Gertrudis, Mexico, and maintain a pipeline
of only the highest quality projects. Golden Arrow and Kinsley
Mountain are the most recent additions to the Animas exploration
property portfolio.
This news release was prepared by Company management, who take
full responsibility for its content. The technical disclosure in
this press release has been reviewed by Dr. Roger Steininger, a
Qualified Person as defined by National Instrument 43-101 of the
Canadian Securities Administrators.
For additional information, contact Animas Resources Ltd. at
604-687-6197, or you may register to receive future news releases
at www.animasresources.com.
Gregory E. McKelvey, President & Director
This press release contains "forward-looking information" which
may include, but is not limited to, statements with respect to
drilling plans, timing of our planned NI 43-101 resource report,
timing of assays, resource estimates, projections, our planned
exploration and drilling programs, the availability of future
financing for exploration and other plans, projections, estimates
and expectations. Such forward-looking statements reflect our
current views with respect to future events and are subject to
certain risks, uncertainties and assumptions, including, the risks
and uncertainties outlined in our most recent financial statements
and reports and registration statement filed with the Canadian
securities administrators (available at www.sedar.com). Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, believed, estimated or
expected.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Animas Resources Ltd. Gregory E. McKelvey President
& Director 604-687-6197 604-688-3392 (FAX)
www.animasresources.com
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