Animas Updates Mineral Exploration Projects
1/31/2011 4:30:50 PM - Market Wire
VANCOUVER, BRITISH COLUMBIA, Jan 31, 2011 (MARKETWIRE via COMTEX News Network) --
AnimasResources Ltd. (TSX VENTURE: ANI) outlines its plans and progress onits gold exploration programs in Mexico and Nevada and its growthstrategy for 2011. Animas has received considerable interest in both thegold resources and the molybdenum potential at its Santa Gertrudisproperty in Sonora, Mexico. Several substantial and producing companiesare returning for more in-depth closer reviews of the data and property.
Santa Gertrudis, Mexico
In 2010, Animas completed theupdated NI 43-101-compliant resource estimate technical report (see newsrelease on January 5, 2011) and as part of that process, has identified14 specific untested targets with valid exploration potential to add tothe near surface precious metal resource base at Santa Gertrudis. Atthe same time, the Company is assessing the risks and rewards ofpotentially advancing or venturing the El Tigre molybdenum discovery.The gold resources have similar interest and potential.
During2011 Animas is hosting field and data reviews of the Santa Getrudis goldand molybdenum targets and entertaining qualified proposals to advancethe project. Tours of the property are underway and will continue inFebruary. Animas plans to make the strategic decision as to whichoptions are best for its shareholders during the first quarter of 2011.Options under consideration include signing a joint venture or sellingeither or both of the gold and molybdenum assets at Santa Gertrudis oradvancing the programs within Animas.
Ariel, Mexico
TheAriel prospect, located east of the large Nocazari Cu-Mo deposit innorthern Sonora, Mexico, covers approximately 50% of a large outcroppingalteration/mineralization system. A major mining company was thesuccessful winner of a recent land auction for the lands surrounding theAriel concessions. Animas is in contact with that company to explorebusiness opportunities to advance the exploration on that target.
Golden Arrow and Kinsley Mountain, Nevada, USA
Animashas completed its 2010 contractual obligations for the Golden Arrowprojects in Nevada completing 16 holes totaling 14,185 feet in search ofnew and larger deposits at Golden Arrow. At Kinsley Mountain, Animascompleted a "back to basics" geologic mapping, soil, stream and rocksampling and ground gravity. Currently Animas and its consultants aresynthesizing the data in detail on both projects to identify qualitytargets.
For 2011, Animas plans to review the properties foradditional quality gold targets and concepts. These plans may includeconducting additional drilling or advancing the projects with othergeological assessments to determine the potential to expand the golddeposits on these projects.
New Project Acquisitions
During2011, Animas will also continue to seek out quality explorationprospects with potential for new ideas or new techniques that could leadto large and company making new discoveries. To that end, Animas isreviewing several targets in Mexico, Nevada and other North Americanlocations.
Gregory E. McKelvey, President of Animas ResourcesLtd., commented: "Santa Gertrudis has two valuable assets, near surfacegold and a new molybdenum discovery. Our previous exploration focused ondiscovering large deposits knowing all along that the near surfaceresources and potential offers a unique opportunity for small scaleproduction. We continue to look to acquire high quality properties thathave large deposit potential that our exploration teams can quickly andefficiently identify and effectively test."
About Animas Resources Ltd.
AnimasResources Ltd., a North American mineral resource company focused onacquisition and discovery, consolidated the Santa Teresa District'sSanta Gertrudis precious metal and related deposits and prospects withina 562 square kilometer land holding. Our mission is to grow AnimasResources through discovery and acquisition of high-quality mineraldeposits and to build upon the historic gold resource base at SantaGertrudis, Mexico, and maintain a pipeline of only the highest qualityprojects.
This news release was prepared by Company management,who take full responsibility for its content. The technical disclosurein this press release has been reviewed by Dr. Roger Steininger, aQualified Person as defined by National Instrument 43-101 of theCanadian Securities Administrators.
You may register to receive future news releases at www.animasresources.com.
Gregory E. McKelvey, President & Director
Thispress 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 drillingprograms, the availability of future financing for exploration and otherplans, projections, estimates and expectations. Such forward-lookingstatements reflect our current views with respect to future events andare subject to certain risks, uncertainties and assumptions, including,the risks and uncertainties outlined in our most recent financialstatements and reports and registration statement filed with theCanadian securities administrators (available at www.sedar.com). Shouldone or more of these risks or uncertainties materialize, or shouldunderlying assumptions prove incorrect, actual results may varymaterially from those anticipated, believed, estimated or expected.
NeitherTSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Contacts: Animas Resources Ltd. Gregory E. McKelvey President &Director 604-687-6197 604-688-3392 (FAX) www.animasresources.com
SOURCE: Animas Resources Ltd.
https://www.animasresources.com