Animas Resources Ltd.

Animas Resources Ltd.

July 16, 2007 09:30 ET

Retransmission: Animas Resources Ltd. (Formerly Deal Capital Ltd.) Receives Final Approval of the Qualifying Transaction; Begins Trading on July 16, 2007

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2007) -


Animas Resources Ltd. (TSX VENTURE:ANI) (the "Company", formerly Deal Capital Ltd.) is pleased to announce that it has now received the TSX Venture Exchange's final approval of its Qualifying Transaction pursuant to which it acquired all of the issued and outstanding shares of three Mexican companies who collectively own the Santa Gertrudis Gold Project. The Exchange final bulletin announcing the completion of the Company's Qualifying Transaction was issued on July 12, 2007.

The Company is no longer considered a Capital Pool Company, and will commence trading on the TSX Venture Exchange on Monday, July 16th, 2007 as a Tier 2 Mining Issuer under its new name of Animas Resources Ltd. and the new trading symbol "ANI".

The Company has also granted a total of 1,575,000 stock options to its directors, officers, consultants and advisors at a price of $0.50 for a period of five years.

The Santa Gertrudis Gold Project

The Santa Gertrudis Gold Project (the "SG Property"), located 180 km north of Hermosillo, Sonora, Mexico, was discovered in 1986 and advanced to open pit heap leach production in 1991. 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. Phelps Dodge sold their part of the SG Property to Campbell Resources Inc. in 1994 for US$10 million. Campbell continued mining and later ceased mining and processing activity due to low gold prices during the late 1990's and settled some outstanding debts by assigning several core area concessions, including the un-mined Cristina deposit, to certain local Mexican contractors ("Lopez-Limon"). The proposed transactions aim to re-consolidate these concessions, which will allow for a district-wide exploration program. Other mineral properties that are part of the SG Property package include the relatively high-grade Amelia Mine and recently staked ground to the west, northwest and southeast of the SG Project's historic workings. The Company will own directly, or have options to earn-in on, a combined holding of approximately 32,600 hectares in the SG Property (125 square miles).

G.E. McKelvey, President & Director

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Animas Resources Ltd.
    G.E. McKelvey
    President & Director
    (604) 687-6197
    (604) 688-3392 (FAX)