Animas Resources Updates on Gold Exploration at Santa Gertrudis, Mexico
Published : October 04, 2012

-- Animas back at work at Santa Gertrudis

-- Existing heaps sampled

-- Community meetings held

-- Assessment of mining potential underway

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Keywords :   G Mexico | Gold | Gold Production | Market | Mexico | Report |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2012) - Animas Resources Ltd. (News - Market indicators) 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 Restitución 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 (Procuraduría Federal de Protección 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.

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.

Animas Resources Ltd.
604-687-6197
1-888-889-4874 (FAX)
www.animasresources.com
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Animas Resources

EXPLORATION STAGE
CODE : ANI.V
ISIN : CA0352651073
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Animas Res. is a gold and molybdenum exploration company based in Canada.

Its main exploration properties are SANTA GERTRUDIS and BACANUCHI in Mexico.

Animas Res. is listed in Canada. Its market capitalisation is CA$ 14.0 millions as of today (US$ 12.7 millions, € 9.2 millions).

Its stock quote reached its highest recent level on March 07, 2008 at CA$ 2.14, and its lowest recent point on November 15, 2013 at CA$ 0.03.

Animas Res. has 73 630 000 shares outstanding.

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Annual reports of Animas Resources
2008 Annual Report
Annual report 2007
Financings of Animas Resources
10/9/2013Extends Warrant Expiry Date
5/7/2013Completes $625,000 Financing
4/29/2013Private Placement Terms Amended
4/4/2013Arranges $600,000 Private Placement
6/21/2011Closes $1,015,000 Financing
Nominations of Animas Resources
12/2/2013appoints Mark T. Brown as President & CEO
Project news of Animas Resources
11/25/2013(Santa Gertrudis)agrees to sell Santa Gertrudis to GoGold Resources
10/4/2012(Santa Gertrudis)s on Gold Exploration at Santa Gertrudis, Mexico
4/20/2012(Santa Gertrudis)advances metallurgical test work planning and land access at...
10/7/2011Acquires Large Gold Property in the Sonora Gold Belt, Mexico
9/21/2011sells Kinsley Mountain interest to Pilot Gold Inc.
3/22/2011(Golden Arrow)Terminates Golden Arrow Option & Provides Project Updates
7/22/2010Encounters Molybdenum System At El Tigre, Starts New Ni43-10...
3/25/2010(Santa Gertrudis)Plans Exploration at Ariel Copper/Gold Target and Updates on...
11/19/2009(Santa Gertrudis)Updates Drill Progress at Santa Gertrudis; Grants Options
10/23/2009(Santa Gertrudis)Announces the drilling program has started at Santa Gertrudi...
9/28/2009(Santa Gertrudis)Announces Targets for Santa Gertrudis drilling program and M...
8/27/2009(Santa Gertrudis)signs contract for Santa Gertrudis drilling program.
7/3/2009(Santa Gertrudis)announces filing of its NI 43-101 report For the Santa Gertr...
5/20/2009(Santa Gertrudis)announces 23 % increase in the Cristina oxidized gold deposi...
3/2/2009(Santa Gertrudis)Drills 8.5 meters of 2.814 gpt Gold Which Includes 0.8 meter...
2/23/2009(Santa Gertrudis)Drills 26.6 Meters of 1.405 gpt Gold in the Santa Teresa Dis...
9/16/2008(Bacanuchi)Identifies Five Covered Porphyry Copper Targets and Complete...
6/20/2008(Santa Gertrudis)drill targets
3/6/2008(Santa Gertrudis)Acquires the San Enrique and Greta Properties
1/29/2008(Santa Gertrudis)Stakes an Additional 5,000 Hectares
Corporate news of Animas Resources
4/23/2014GoGold and Animas Announce Successful Acquisition of Animas ...
4/16/2014Animas Shareholders' Meeting - Approval of Arrangement
2/19/2014Encourages Shareholders to Tender Shares to GoGold Offer
1/8/2014mails Directors' Circular and cancels Special Meeting
12/30/2013Responds to GoGold proposal to Acquire Animas
9/12/2013(Santa Gertrudis)s on Ejido Election and Santa Gertrudis
7/19/2013(Santa Gertrudis)' Deal with DKM at Santa Gertrudis Expires
3/25/2013Clarifies Some of Its Prior Technical Disclosure
2/25/2013(Santa Gertrudis)Joint Ventures Santa Gertrudis for Gold Production
6/28/2012(Santa Gertrudis)Regains Full Access to Santa Gertrudis
8/31/2011to Raise $3.4 Million From a New Controlling Shareholder
6/9/2011Announces $1 Million Financing
5/3/2011(Santa Gertrudis)Commisions Study to Advance Santa Gertrudis, Prepares for Ad...
1/31/2011 Mineral Exploration Projects
7/20/2010Advances Exploration At Golden Arrow Gold Property, Nevada
2/11/2010Reports Encouraging Assay Results From the Escondida & Pirin...
11/3/2009Announces a second drill will be added at Santa Gertrudis.
7/6/2009Names Bob Bishop to Advisory Board; Reports on Larger Tonnag...
7/3/2009Al Korelin Interviews Bob Bishop and Greg McKelvey, Presiden...
6/30/2009Graduated to Tier One
1/8/2009Forms Special Committee to Evaluate Business Opportunities a...
9/10/2008and market update
7/22/2008recent coverage
6/27/2008begins new drilling
6/10/2008adopts sharholders rights plan
5/9/2008project development update press release
3/25/2008Stakes an Additional 10,770 Hectares
1/17/2008Transfers Outstanding Data to Mine Development Associates
1/15/2008Forms Geophysical Special Projects Group
1/10/2008Upcoming conference
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