Animas Resources Commisions Study to Advance Santa Gertrudis, Prepares for Additional Field Work at Kinsley Mountain
May 03 2011 - 9:00AM
Marketwired
Animas Resources Ltd. (TSX VENTURE: ANI) is pleased to report it:
-- Commissions Paul C. Jones of Sovereign Management Group, Ltd., Golden,
Colorado USA, to outline a program and approximate the costs to complete
a scoping study on the gold resources at Santa Gertrudis.
-- Outlines plans for field follow-up mapping and sampling over anomalous
areas found during the extensive 2010 program.
-- Continues to aggressively search for high quality targets in the United
States and Mexico.
Santa Gertrudis, Sonora, Mexico
The updated NI 43-101 report filed in December, 2010 documents
compliant resource estimates for seven gold deposits at Santa
Gertrudis, plus the previous estimate for the Cristina deposit.
These deposits contain a total Inferred resource of 13,498,000
tonnes with an average grade of 1.28 g/t - totaling 557,000 ounces
of gold. A number of companies are studying the details of the gold
deposits at Santa Gertrudis. Given the current rise in the gold
price, the available infrastructure, water rights, and detailed
understanding of the deposits, Animas has commissioned Paul C.
Jones of Sovereign Management Group, Ltd. to provide Animas with
the program necessary and approximate costs to complete a
Preliminary Economic Assessment (Scoping study) on the gold
resources at Santa Gertrudis as the first vital step toward making
a production decision. In addition to the known resources, there
are 14 untested near surface exploration targets that might contain
additional mine for leach opportunities.
Kinsley Mountain, Nevada
At the Kinsley Mountain gold project in Nevada, Animas is
subdividing the geochemical data by alteration type and by grouping
the rock chip analytical results separately for jasperiods,
silicified zones, decalcified zones, iron oxide zones, and faults
to identify target areas. All of these alteration types may extend
farther than a gold deposit, and if any of these alteration types
contain anomalous gold and pathfinder trace elements, these
patterns can be used as targeting tools for future drilling
programs.
While the 2010 soil grid supplies provided good overview,
additional geochemical samples in selected areas are needed for
targeting drilling. Specific samples in areas of fault (or
suspected) fault zones and any soils rich in iron oxides will be
collected as they might represent leakage from mineralized zones
below carbonate caps. To the north of the mined area there is a
substantial arsenic anomaly with only limited anomalous gold. If
the arsenic represents a halo to gold mineralization, the areas
need to be evaluated closely to identify favorable host lithologies
that might exist at depth.
The 2011 Animas program will focus on identifying areas of
anomalous As, Sb, Hg, and Zn that might outline areas that could be
marginal to gold mineralization. Decreases in Ca might suggest
decalcification of carbonate rich rocks as mineralization is
approached. All of the historic IP/resistivity data is being
reprocessed to evaluate and identify target areas. Areas of
apparent resistivity breaks in the carbonates will be targeted for
additional surface sampling. The resistivity data will also be
evaluated to identify any favorable lithologies below carbonate
caps, and areas of IP anomalies at depth that might represent
sulfide accumulations. Additional IP/resistivity survey lines may
be completed to fully evaluate the property. Gold-bismuth anomalies
might indicate skarn environments similar to that found in the
Battle Mountains.
Property Acquisition
Animas continues to explore and network for quality targets with
major upside potential in Nevada and Mexico.
Gregory E. McKelvey, President of Animas Resources Ltd.
commented: "With the rise in precious metal prices, the known NI
43-101 resources at Santa Gertrudis may well represent a unique
opportunity for Animas to proceed toward gold production and
explore selectively on the 15 known areas with near surface
leachable gold potential. Paul Jones is experienced in project
advancement and provides Animas with the unique outside perspective
necessary to consider advancing toward production. Kinsley Mountain
will be the focus of exploration work aimed at drill target
identification for the future."
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.
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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