Animas Updates Mineral Exploration Projects
January 31 2011 - 4:30PM
Marketwired
Animas Resources Ltd. (TSX VENTURE: ANI) outlines its plans and
progress on its gold exploration programs in Mexico and Nevada and
its growth strategy for 2011. 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 returning for more in-depth closer
reviews of the data and property.
Santa Gertrudis, Mexico
In 2010, Animas completed the updated NI 43-101-compliant
resource estimate technical report (see news release on January 5,
2011) and as part of that process, has identified 14 specific
untested targets with valid exploration potential to add to the
near surface precious metal resource base at Santa Gertrudis. At
the same time, the Company is assessing the risks and rewards of
potentially advancing or venturing the El Tigre molybdenum
discovery. The gold resources have similar interest and
potential.
During 2011 Animas is hosting field and data reviews of the
Santa Getrudis gold and molybdenum targets and entertaining
qualified proposals to advance the project. Tours of the property
are underway and will continue in February. Animas plans to make
the strategic decision as to which options are best for its
shareholders during the first quarter of 2011. Options under
consideration include signing a joint venture or selling either or
both of the gold and molybdenum assets at Santa Gertrudis or
advancing the programs within Animas.
Ariel, Mexico
The Ariel prospect, located east of the large Nocazari Cu-Mo
deposit in northern Sonora, Mexico, covers approximately 50% of a
large outcropping alteration/mineralization system. A major mining
company was the successful winner of a recent land auction for the
lands surrounding the Ariel concessions. Animas is in contact with
that company to explore business opportunities to advance the
exploration on that target.
Golden Arrow and Kinsley Mountain, Nevada, USA
Animas has completed its 2010 contractual obligations for the
Golden Arrow projects in Nevada completing 16 holes totaling 14,185
feet in search of new and larger deposits at Golden Arrow. At
Kinsley Mountain, Animas completed a "back to basics" geologic
mapping, soil, stream and rock sampling and ground gravity.
Currently Animas and its consultants are synthesizing the data in
detail on both projects to identify quality targets.
For 2011, Animas plans to review the properties for additional
quality gold targets and concepts. These plans may include
conducting additional drilling or advancing the projects with other
geological assessments to determine the potential to expand the
gold deposits on these projects.
New Project Acquisitions
During 2011, Animas will also continue to seek out quality
exploration prospects with potential for new ideas or new
techniques that could lead to large and company making new
discoveries. To that end, Animas is reviewing several targets in
Mexico, Nevada and other North American locations.
Gregory E. McKelvey, President of Animas Resources Ltd.,
commented: "Santa Gertrudis has two valuable assets, near surface
gold and a new molybdenum discovery. Our previous exploration
focused on discovering large deposits knowing all along that the
near surface resources and potential offers a unique opportunity
for small scale production. We continue to look to acquire high
quality properties that have large deposit potential that our
exploration teams can quickly and efficiently identify and
effectively test."
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.
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.
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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