| | Published : July 20th, 2010 | Advances Exploration At Golden Arrow Gold Property, Nevada |
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
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 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact 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. |
Annual reports of Animas Resources |
Financings of Animas Resources |
Nominations of Animas Resources |
Project news of Animas Resources |
|
Corporate news of Animas Resources |
|
|