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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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Mots clés associés :   G 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

Animas Resources

EXPLORATEUR
CODE : ANI.V
ISIN : CA0352651073
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Animas Res. est une société d’exploration minière d'or et de molybdène basée au Canada.

Ses principaux projets en exploration sont SANTA GERTRUDIS et BACANUCHI au Mexique.

Animas Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 14,0 millions CA$ (12,7 millions US$, 9,2 millions €).

La valeur de son action a atteint son plus haut niveau récent le 07 mars 2008 à 2,14 CA$, et son plus bas niveau récent le 15 novembre 2013 à 0,03 CA$.

Animas Res. possède 73 630 000 actions en circulation.

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Rapports annuels de Animas Resources
2008 Annual Report
Annual report 2007
Financements de Animas Resources
09/10/2013Extends Warrant Expiry Date
07/05/2013Completes $625,000 Financing
29/04/2013Private Placement Terms Amended
04/04/2013Arranges $600,000 Private Placement
21/06/2011Closes $1,015,000 Financing
Nominations de Animas Resources
02/12/2013appoints Mark T. Brown as President & CEO
Projets de Animas Resources
25/11/2013(Santa Gertrudis)agrees to sell Santa Gertrudis to GoGold Resources
04/10/2012(Santa Gertrudis)s on Gold Exploration at Santa Gertrudis, Mexico
20/04/2012(Santa Gertrudis)advances metallurgical test work planning and land access at...
07/10/2011Acquires Large Gold Property in the Sonora Gold Belt, Mexico
21/09/2011sells Kinsley Mountain interest to Pilot Gold Inc.
22/03/2011(Golden Arrow)Terminates Golden Arrow Option & Provides Project Updates
22/07/2010Encounters Molybdenum System At El Tigre, Starts New Ni43-10...
25/03/2010(Santa Gertrudis)Plans Exploration at Ariel Copper/Gold Target and Updates on...
19/11/2009(Santa Gertrudis)Updates Drill Progress at Santa Gertrudis; Grants Options
23/10/2009(Santa Gertrudis)Announces the drilling program has started at Santa Gertrudi...
28/09/2009(Santa Gertrudis)Announces Targets for Santa Gertrudis drilling program and M...
27/08/2009(Santa Gertrudis)signs contract for Santa Gertrudis drilling program.
03/07/2009(Santa Gertrudis)announces filing of its NI 43-101 report For the Santa Gertr...
20/05/2009(Santa Gertrudis)announces 23 % increase in the Cristina oxidized gold deposi...
02/03/2009(Santa Gertrudis)Drills 8.5 meters of 2.814 gpt Gold Which Includes 0.8 meter...
23/02/2009(Santa Gertrudis)Drills 26.6 Meters of 1.405 gpt Gold in the Santa Teresa Dis...
16/09/2008(Bacanuchi)Identifies Five Covered Porphyry Copper Targets and Complete...
20/06/2008(Santa Gertrudis)drill targets
06/03/2008(Santa Gertrudis)Acquires the San Enrique and Greta Properties
29/01/2008(Santa Gertrudis)Stakes an Additional 5,000 Hectares
Communiqués de Presse de Animas Resources
23/04/2014GoGold and Animas Announce Successful Acquisition of Animas ...
16/04/2014Animas Shareholders' Meeting - Approval of Arrangement
19/02/2014Encourages Shareholders to Tender Shares to GoGold Offer
08/01/2014mails Directors' Circular and cancels Special Meeting
30/12/2013Responds to GoGold proposal to Acquire Animas
12/09/2013(Santa Gertrudis)s on Ejido Election and Santa Gertrudis
19/07/2013(Santa Gertrudis)' Deal with DKM at Santa Gertrudis Expires
25/03/2013Clarifies Some of Its Prior Technical Disclosure
25/02/2013(Santa Gertrudis)Joint Ventures Santa Gertrudis for Gold Production
28/06/2012(Santa Gertrudis)Regains Full Access to Santa Gertrudis
31/08/2011to Raise $3.4 Million From a New Controlling Shareholder
09/06/2011Announces $1 Million Financing
03/05/2011(Santa Gertrudis)Commisions Study to Advance Santa Gertrudis, Prepares for Ad...
31/01/2011 Mineral Exploration Projects
20/07/2010Advances Exploration At Golden Arrow Gold Property, Nevada
11/02/2010Reports Encouraging Assay Results From the Escondida & Pirin...
03/11/2009Announces a second drill will be added at Santa Gertrudis.
06/07/2009Names Bob Bishop to Advisory Board; Reports on Larger Tonnag...
03/07/2009Al Korelin Interviews Bob Bishop and Greg McKelvey, Presiden...
30/06/2009Graduated to Tier One
08/01/2009Forms Special Committee to Evaluate Business Opportunities a...
10/09/2008and market update
22/07/2008recent coverage
27/06/2008begins new drilling
10/06/2008adopts sharholders rights plan
09/05/2008project development update press release
25/03/2008Stakes an Additional 10,770 Hectares
17/01/2008Transfers Outstanding Data to Mine Development Associates
15/01/2008Forms Geophysical Special Projects Group
10/01/2008Upcoming conference
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