Animas Resources Commisions Study to Advance Santa Gertrudis, Prepares for Additional Field Work at Kinsley Mountain
Published : May 03, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 3, 2011) - Animas Resources Ltd. (News - Market indicators) 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.

Animas Resources Ltd.
Gregory E. McKelvey
President & Director
604-687-6197
604-688-3392 (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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