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Santa Gertrudis - 720,000 ounces of gold : Mapped and identified six major project areas.
Message: Announces 23% Increase in the Cristina Oxidized Gold Deposit at Santa Gertrudis,
| May 19, 2009 | |
| Animas Resources Ltd. Announces 23% Increase in the Cristina Oxidized Gold Deposit at Santa Gertrudis, Mexico | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2009) - Animas Resources Ltd. (TSX VENTURE:ANI) ("Animas" or the "Company") is pleased to announce the completion of a new NI 43-101-compliant resource estimate for its oxidized Cristina gold deposit at Santa Gertrudis, Mexico. Mine Development Associates, Inc. (MDA) of Reno, Nevada, as part of completing a new NI 43-101 report for Animas, provided the new resource estimate. The new estimate represents a 23% increase from the historic estimate for the deposit and the Cristina resource is considered open locally to the south and west. Animas continues to work on the geology cross-sections and data for other deposits within the district concentrating in those areas considered to have the best potential for larger gold systems. The Company is due to release the complete NI 43-101 technical report within 45 days. To view accompanying map, please click on the following link: http://media3.marketwire.com/docs/AN... MDA states that at Cristina, "The gold mineralization occurs predominantly above a low-angle fault zone gently dipping at about 30 degrees to the west-southwest. The deposit as it is presently defined is traceable along strike for at least 600 meters and down dip for at least 300 meters. At a 0.3g Au/t cut-off, the Cristina deposit contains an Inferred resource of 7,139,000 tonnes at an average grade of 0.66g Au/t for a total of 152,000 ounces of gold. The supporting geologic interpretations and the apparent predictability of the deposit suggest that with a few infill drill holes for verification and some density measurements and more metallurgy, a good portion of the deposit resource could be upgraded to at least Indicated". Metallurgical work by Phelps Dodge in 1991(1) indicates the potential for reasonable heap leach recoveries. MDA states that, "The results of 57 bottle roll cyanide leach tests, and 2 bulk column cyanide leach tests, indicate that a 70% gold extraction rate can be used to determine an economic cut-off for the reported resource". The Cristina gold deposit crops out and is a potentially low strip-ratio, open pit operation. Total Gold Resources for Cristina: Inferred ------------------------------------------- Cutoff Tonnes Grade Ounces g Au/t g Au/t Au ------------------------------------------- 0.2 10,879,000 0.52 181,000 0.3 7,139,000 0.66 152,000 0.4 5,526,000 0.75 134,000 0.5 4,425,000 0.83 118,000 0.6 3,480,000 0.91 102,000 0.7 2,671,000 0.99 85,000 0.8 1,893,000 1.08 66,000 0.9 1,241,000 1.21 48,000 1 851,000 1.33 36,000 1.5 167,000 1.96 11,000 2 49,000 2.58 4,000 3 11,000 3.36 1,000 ------------------------------------------- Gregory McKelvey, President & CEO of Animas commented, "Cristina is one of the oxide gold deposits at Santa Gertrudis and it has untested extensions to the south and west. A similar geologic setting exists to the north which represents an exploration opportunity. This new Inferred resource compares favorably with the historic resource estimates listed from previous reports. Anderson and Hamilton (2000) listed Cristina at 126,029 historic ounces gold contained within 6,030,000 tonnes at an average grade of 0.65g Au/t using a 0.3g Au/t cut off. The Company continues to review the oxide deposits in the Cristina area that may have economic potential. Cristina is one of the 30 known deposits within the Santa Teresa Mining District and it was not mined by previous operators because of the then-prevailing low gold prices and the distance to the leach pads and extraction infrastructure." (1) This metallurgical data is historical in nature and is presented here as an indication of the leachability of the deposit. About Animas Resources Ltd. Animas Resources Ltd., a North American mineral resource company focused on acquisition and discovery in Latin America, has re-consolidated the Santa Teresa District's Santa Gertrudis gold 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. For additional information, contact Animas Resources Ltd. at 604-687-6197, or you may register to receive future news releases at www.animasresources.com. Gregory E. McKelvey, President & Director |
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May 26, 2009 08:46AM
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