SOURCE: Gold Horizons Mining Co. Ltd
AREQUIPA, PERU--(Marketwire - Sep 25, 2012) - Gold Horizons Mining Co. Ltd (G.H.M / the Company) (FRANKFURT: GKW) is pleased to report their joint venture partner, Atlantis Gold SAC, has found a vertical shaft in the Blanca vein at the Gloria Mine. The shaft was immediately opened up and investigated. It is approximately 40 meters deep by 3 meters wide. Several mineral samples were taken and submitted to the lab for further analysis. Preliminary lab results of the mineral appear to be positive. Our first sample, collected at the bottom of the shaft, reported 23.17 grams per ton (see below). Assaying for the Gloria property was carried out by Laboratorios Analiticos del Sur, located in Arequipa, Peru.
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Atlantis Gold SAC is currently working with a mining engineer consultant and has been advised to start excavating to at least 50 meters in depth; the belief being the mineral will get richer as you go down in elevation. Mining and exploration activities are currently being performed near the surface, in the superficial part of the vein. Assuming assays taken from the Blanca shaft continue to report above 15 grams per ton, mining and exploration activities will shift to these lower elevations.
Gold Horizons Mining Co. Ltd is a start up gold and silver producer as well as an exploration company operating in Arequipa, Peru. The Company is committed to building long-term shareholder value through strategic opportunity and identification in the mineral resource sector. The Company specializes in small mine development, specifically underground, narrow vein mining. The Company, in partnership with its Peruvian joint venture partner, locates, develops, and operates near production ready mineral projects in Peru.
There is no guarantee that these laboratory results reported in this news release will lead to the identification of resources that can be mined economically, and further work is required to identify resources and reserve.
This press release contains "forward-looking" information. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "planned", "appears", and "estimated". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.
Although G.H.M has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.