Animas Resources

Published : July 20th, 2010

Advances Exploration At Golden Arrow Gold Property, Nevada

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Diamond | G Mexico | Gold | Mexico | Silver | Water |

Re:       News Release - Monday, July 19, 2010
Title:     Animas Resources Advances Exploration At Golden Arrow Gold Property, Nevada

Animas Resources Ltd. (TSX.V:ANI) is pleased to report significant progress in its field exploration program at the Golden Arrow project in Nevada.
  • Completed and filed an updated NI 43-101 Technical Report
  • Completed a gradient array IP/resistivity survey.
  • Completed a RIP survey covering the entire Golden Arrow property
  • Surveyed a single 1.8 kilometer line of dipole-dipole IP, crossing the Hidden Hill and Gold Coin mineral centers
  • Secured water for drilling
  • Selected drilling contractors for core and reverse circulation drilling to start in September
Golden Arrow, Nevada

The Golden Arrow property is located in the central Nevada high desert, approximately 60 kilometers (40 miles) east of Tonopah, Nye County, Nevada, on the eastern flank of the Kawich Range and the eastern rim of the Kawich volcanic caldera. The property consists of both patented and unpatented mining claims covering an area of 2,300 hectares (5,684 acres). Historic mining in the early 1900's followed high-grade gold and silver in quartz vein deposits. More recent exploration work at Golden Arrow has drill-defined the Gold Coin and Hidden Hill gold-silver deposits, that are hot-springs style gold mineralization disseminated in volcanic host rock. Golden Arrow contains a Measured and Indicated Mineral Resource of 296,500 ounces gold and 4,008,000 ounces silver and an Inferred resource of 50,400 ounces of gold and 1,249,000 ounces of silver (NI43-101 report, June 9, 2010), as outlined in the following table.

Category Tons Gold Grade Gold Ounces Silver Grade Silver Ounces
Measured

1,850,000

0.028 opt

52,400

0.43 opt

796,000

Indicated

10,322,000

0.024 opt

244,100

0.31 opt

3,212,000

Total M&I

12,172,000

0.024 opt

296,500

0.33 opt

4,008,000

Inferred

3,790,000

0.013 opt

50,400

0.33 opt

1,249,000



Animas has completed:

Steven Ristorcelli, Odin Christensen, and the staff of Mine Development Associates completed an updated Technical Report on the Golden Arrow property addressed to Animas. The report
was filed with Canadian securities regulators on June 9 and is available on SEDAR. http://www.sedar.com.

Zonge Geosciences Inc. completed a gradient array IP/resistivity survey at Golden Arrow. The survey covered 6 defined blocks totaling about 9.3 square kilometers and approximately 55 line kilometers, with lines at 100 and 200 meter spacing. The survey covered Gold Coin, Hidden Hill, the Page fault, and the geochemical target to the southeast of Confidence Mountain. Preliminary images reveal considerable texture reflecting the complex underlying geology. Survey results have been obtained and are currently being evaluated.

Durango Geophysical Operations ("DGO") completed a Reconnaissance IP (RIP) survey of the entire Golden Arrow property. This comprised 4 separate set up arrays, one in each of the quadrants of the property, to provide a property‐wide test for large, physically distinct, exploration targets. DGO also completed a single, 1.8 kilometer line of dipole‐dipole IP, crossing the Hidden Hill and Gold Coin mineral centers. The results of all the geophysical surveys are being evaluated and will be integrated with the geological database.

Animas selected Major Drilling and Envirotech Drilling LLC as drill contractors for the Diamond core and reverse circulation drilling, respectively, at Golden Arrow. Drilling should begin about September 1.

Gregory E. McKelvey, President of Animas Resources Ltd. commented: "our program at Golden Arrow is to use the extensive geophysical data available including gravity, IP and regional magnetic to help plan and guide the upcoming drilling program designed to identify new centers of gold mineralization as well as test several targets with potential for much larger deposits. We are fortunate to have Dr. Odin Christensen leading this effort."

Plans for advancing the targets include a review and targeting session in mid-July, integration of all the new data into the existing GIS program, fencing and securing the open cuts, shafts, and holes, and drilling the best targets starting in September.

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"
____________________
Gregory E. McKelvey, President & Director

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.

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


Copyright � 2010 ANIMAS RESOURCES LTD. (ANI) All rights reserved. For more information visit our website at http://www.animasresources.com/ or send email to info@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
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (ANI.V)
0.190+0.00%
TSX-V
CA$ 0.190
04/23 15:46 -
0%
Prev close Open
0.190 0.190
Low High
0.190 0.190
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.190 -%
Volume 1 month var.
5,000 -%
24hGold TrendPower© : 8
Produces
Develops
Explores for Copper - Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/7/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :