Animas Resources Updates on Gold Exploration at Santa Gertrudis, Mexico
October 04 2012 - 9:00AM
Marketwired Canada
Animas Resources Ltd. (TSX VENTURE:ANI) is pleased to provide the following
update on progress at the Santa Gertrudis Gold Project in Sonora State, Mexico
made since it regained access to the property in late June.
Assessment of Mining Potential
Animas recently re-focused its efforts to take advantage of the high gold
prices, and continues to work on moving the project towards production. The work
done recently reflects this effort and the Board of Directors was changed to add
more practical mining experience to the Company while still retaining the former
Board members as close technical advisors.
Animas has looked at several methods of putting Santa Gertrudis back into
production (both the existing heaps and the in-situ deposits), and currently the
Company is assessing various alternatives. Alternatives under consideration are:
having a third party company mine the existing resources, putting the property
into production itself, or hiring an independent contractor to run the
operation.
From May 1991 to October 2000, the SG Property produced 564,000 ounces of gold
at an average grade of 2.13 grams per tonne from a mine commissioned to start
with 1.2 million ounces. During the same period, the Amelia Mine, previously
owned by an Australian company, produced over 1 million tonnes at 2.88 grams of
gold per tonne from the Amelia deposits directly north of the SG operations.
Mining and processing activity later ceased due to low gold prices during the
late 1990s. These past results are not an indication of future production
potential.
Sampling of the Heaps
Immediately subsequent to the Restitucion Provisional, which re-instated
Animas's ownership of the properties, Animas began a program of historic heap
leach pad sampling for the purpose of evaluating the economic viability of
restarting gold production from the existing heap leach pads at Santa Gertrudis.
The heaps were sampled by Animas personnel (108 - 15-20 kg samples) and analyzed
by ALS Chemex in Vancouver. During this sampling program, it also was determined
that the illegal miner had damaged the heap liner, and a complaint was filed
with PROFEPA (Procuraduria Federal de Proteccion al Ambiente), the environmental
enforcement agency in Mexico. Although this damage is not expected to affect
future plans on the project, their work was done without a required
environmental permit (or Animas permission) and resulted in at least one hole
perforating the existing heap liner.
The results from the assays of these samples will be released shortly.
Community Meetings
Animas' President, Mr. John Wilson, attended an official meeting with the entire
ejido membership in August, 2012, and several unofficial meetings have also been
held with selected ejido members. The local ejido controls surface access to the
Cristina deposit, and the Company has a surface access agreement with the ejido
for the existing heaps. Although there is a significant amount of ejido support
for advancing the project, Animas has yet to finalize a new agreement with the
ejido. As such, there is still work to do to repair the Company-ejido
relationship since a part of ejido leadership was responsible for the illegal
agreement with a third party individual. It should be noted that very strong
legal actions continue against several of the past ejido leaders in regard to
their illegal agreement.
The technical contents of this news release have been reviewed by Mr. John
Wilson, B.Sc., M.S. (Geol.), QP, President, CEO and Director of Animas.
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 through development,
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.
You may register to receive future news releases at www.animasresources.com.
John R. Wilson, President & CEO
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.
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