Animas Resources Encounters Molybdenum System At El Tigre, Starts New Ni43-101 Report And Updates On Ariel Concessions.
Six drill holes (AREN-001 and ARET-001 through 005) and geological mapping/geochemical sampling of the surface exposures at the El Tigre prospect have identified what appears to be an igneous intrusive center with related molybdenum mineralization. Felsic intrusives and intrusive breccias with a variety of quartz porphyry clasts indicate that multiple intrusive events with related molybdenum mineralization are present at El Tigre. Numerous cross-cutting veins and igneous relations indicate that this is potentially a complex molybdenum system. All of the drill holes encountered strongly anomalous molybdenum, and surface sampling has defined an extensive area of anomalous molybdenum in soils and rock-chip samples. Trace element geochemistry from core and soil sampling reveal a picture that is supportive of a potential significant area of molybdenum mineralization. Dr. Roger C. Steininger, an industry respected molybdenum expert, in collaboration with John R. Wilson, Jefferson Chambers and Bryan MacFarlane, is synthesizing the extensive database for the area and will produce a report, with recommendations, outlining the next level of exploration to fully define the area's potential. Once all the relevant analyses are received, reviewed and integrated, a report will be released documenting the significance and business alternatives open to Animas to maximize the best value to our shareholders.
Animas initially targeted the El Tigre area for the gold and base metal skarn potential. The alteration system is exposed over 6 square kilometers with only one, volumetrically insignificant known intrusive. This program primarily targeted the down-dip, favorable sedimentary units in the area of skarn, but subsequently the inferred center of alteration, skarnification, and anomalous geochemistry (Mo, Zn, Mn, K) was targeted for exploration. One hole was specifically targeted to search for evidence of an intrusive center (ARET-004). During late 2009 and 2010, at El Tigre, Animas completed six diamond drill holes totaling 2,677.8 meters, two short di pole di pole IP lines and a gravity survey. Some of the analytical work on drill hole samples is still pending.
Gregory E. McKelvey, President of Animas Resources Ltd. commented: "When we first started at Santa Gertrudis, we acknowledged that the Santa Teresa Mining District was first explored as a tungsten district. While there remains considerable gold potential, it is a bit of a surprise to encounter an intrusive center with strong evidence of molybdenum potential. With the technical report due from Dr. Steininger, et. al. Animas will be in a good position to determine what might be the best way to evaluate this new occurrence."
Mr. Noble contracted for new NI 43-101 report:
Animas also has contracted Mr. Alan Noble P.E. to review and update several of the gold deposits at Santa Gertrudis to convert historic resources to NI 43-101 compliant resources. Dr. Hugh Miller is consolidating the information on the current state of heap leaching potential at Santa Gertrudis. We expect a revised NI 43-101 to result from Mr. Noble's work. The report from Dr. Miller will likely be used as the basis for Animas to decide the direction that the company may wish to consider such as a small scale gold production or vending / contracting a qualified party to mine some of the known gold deposits.
Ariel update:
Geologic mapping and sampling is currently in progress on the Ariel prospect, located approximately 44 kilometers east-southeast of the town of Nacozari, Sonora. Geologically the area is comprised of quartz-poor andesitic volcanics and overlying, more felsic tuffs. A very large alteration/mineralization system is present on the Ariel concessions and is approximately 4-5 kilometers in length (more or less in a north-south direction) and approximately 2-3 kilometers wide. The volcanic rocks within this zone of alteration/mineralization are strongly altered to pervasive clay-(±sericite?) and goethite-hematite after 2-5 percent disseminated > veinlet controlled pyrite. The Ariel alteration system is large and strong, and the current mapping and sampling should define the extent of the system and its mineral potential.
Golden Arrow / Kinsley Mountain Update:
The final option agreements for Golden Arrow and Kinsley Mountain have also been executed on June 30, 2010.
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 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. Golden Arrow and Kinsley Mountain are the most recent additions to the Animas exploration property portfolio.
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"
____________________
Gregory E. McKelvey, President & Director
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.
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.
Animas Resources Advances Exploration At Golden Arrow Gold Property, Nevada
- Completed and filed an updated NI 43-101 Technical Report
- Completed a gradient array IP/resistivity survey.
- Completed a RIP survey covering the entire Golden Arrow property
- Surveyed a single 1.8 kilometer line of dipole‐dipole IP, crossing the Hidden Hill and Gold Coin mineral centers
- Secured water for drilling
- Selected drilling contractors for core and reverse circulation drilling to start in September
The Golden Arrow property is located in the central Nevada high desert, approximately 60 kilometers (40 miles) east of Tonopah, Nye County, Nevada, on the eastern flank of the Kawich Range and the eastern rim of the Kawich volcanic caldera. The property consists of both patented and unpatented mining claims covering an area of 2,300 hectares (5,684 acres). Historic mining in the early 1900's followed high-grade gold and silver in quartz vein deposits. More recent exploration work at Golden Arrow has drill-defined the Gold Coin and Hidden Hill gold-silver deposits, that are hot-springs style gold mineralization disseminated in volcanic host rock. Golden Arrow contains a Measured and Indicated Mineral Resource of 296,500 ounces gold and 4,008,000 ounces silver and an Inferred resource of 50,400 ounces of gold and 1,249,000 ounces of silver (NI43-101 report, June 9, 2010), as outlined in the following table.
| Category | Tons | Gold Grade | Gold Ounces | Silver Grade | Silver Ounces |
| Measured | 1,850,000 |
0.028 opt |
52,400 |
0.43 opt |
796,000 |
| Indicated | 10,322,000 |
0.024 opt |
244,100 |
0.31 opt |
3,212,000 |
| Total M&I | 12,172,000 |
0.024 opt |
296,500 |
0.33 opt |
4,008,000 |
| Inferred | 3,790,000 |
0.013 opt |
50,400 |
0.33 opt |
1,249,000 |
Animas has completed:
Steven Ristorcelli, Odin Christensen, and the staff of Mine Development Associates completed an updated Technical Report on the Golden Arrow property addressed to Animas. The report
was filed with Canadian securities regulators on June 9 and is available on SEDAR. http://www.sedar.com.
Zonge Geosciences Inc. completed a gradient array IP/resistivity survey at Golden Arrow. The survey covered 6 defined blocks totaling about 9.3 square kilometers and approximately 55 line kilometers, with lines at 100 and 200 meter spacing. The survey covered Gold Coin, Hidden Hill, the Page fault, and the geochemical target to the southeast of Confidence Mountain. Preliminary images reveal considerable texture reflecting the complex underlying geology. Survey results have been obtained and are currently being evaluated.
Durango Geophysical Operations ("DGO") completed a Reconnaissance IP (RIP) survey of the entire Golden Arrow property. This comprised 4 separate set up arrays, one in each of the quadrants of the property, to provide a property‐wide test for large, physically distinct, exploration targets. DGO also completed a single, 1.8 kilometer line of dipole‐dipole IP, crossing the Hidden Hill and Gold Coin mineral centers. The results of all the geophysical surveys are being evaluated and will be integrated with the geological database.
Animas selected Major Drilling and Envirotech Drilling LLC as drill contractors for the diamond core and reverse circulation drilling, respectively, at Golden Arrow. Drilling should begin about September 1.
Gregory E. McKelvey, President of Animas Resources Ltd. commented: "our program at Golden Arrow is to use the extensive geophysical data available including gravity, IP and regional magnetic to help plan and guide the upcoming drilling program designed to identify new centers of gold mineralization as well as test several targets with potential for much larger deposits. We are fortunate to have Dr. Odin Christensen leading this effort."
Plans for advancing the targets include a review and targeting session in mid-July, integration of all the new data into the existing GIS program, fencing and securing the open cuts, shafts, and holes, and drilling the best targets starting in September.
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 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. Golden Arrow and Kinsley Mountain are the most recent additions to the Animas exploration property portfolio.
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"
____________________
Gregory E. McKelvey, President & Director
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.
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
Animas Resources Advances Exploration At Kinsley Mountain Gold Property, Nevada
- Purchased public domain aeromagnetics geophysical data;
- Completed a multi-element soil geochemical survey covering the entire property;
- Completed a ground gravity geophysical survey;
- Scanned historic technical data and are building a comprehensive GIS data base;
- Planning a new geological map of the property, with selective geochemical sampling; and
- Completed an environmental audit.
The Kinsley Mountain property is located in the Basin and Range of eastern Elko County, Nevada, between the towns of Ely and Wendover. The property consists of 141 unpatented lode mining claims covering an area of approximately 1,136 hectares (2,807 acres). Gold mineralization is hosted within a section of Cambrian sedimentary rock units including limestone, dolomite and shale. This mineralization exhibits characteristics similar to other sedimentary-rock hosted "Carlin-type" gold deposits in northeastern Nevada. Gold was discovered in the Kinsley Mountain area in the 1980's, and Alta Gold produced some 135,000 ounces of gold from oxidized material mined from a number of small open pits. Kinsley Mountain gold deposit was discovered by USMX in 1984. Alta Gold produced gold from 1994 to 1999 and abandoned the property in 2000. Most of the property has not recently been systematically explored.
Animas has completed:
- Magee Geophysical Services of Reno Nevada completed a 424 station property-wide gravity geophysical survey.
- Enviroscientists, Inc. completed an environmental due diligence report.
- North American Exploration of Kaysville Utah completed a property-wide soil geochemical survey. A total of 1,610 samples are being analyzed by ALS Chemex for multi-element geochemistry.
- The preparation of a new geological map of the property, with full consideration of the geological characteristics of recent gold discoveries in nearby areas is nearly 75% complete and includes selective rock chip sampling. Map attributes will highlight what we understand to be diagnostic features of similar significant gold deposits.
- Animas purchased propriety regional aeromagnetic survey data for the region surrounding Kinsley Mountains from GETECH of Denver Colorado. This is 1,000‐foot elevation above the ground draped data acquired by PRJ in 1987‐ 1988 with a 1.5 x 1.5 mile traverse interval.
- Compilation and integration of all technical information within a Geographic Information System (GIS) for interpretation and exploration targeting and are building a comprehensive GIS data base. GEOMAX is under contract to maintain a complete exploration GIS database for the Kinsley Mountain project.
- Precision Document Imaging of Reno Nevada scanned more than 4,000 individual historic documents into a searchable computer-based archive.
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 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. Golden Arrow and Kinsley Mountain are the most recent additions to the Animas exploration property portfolio.
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"
Gregory E. McKelvey, President & Director
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.
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
Animas Resources reports a NI 43-101 Resource Estimate for Golden Arrow Project
- M&I silver resource of 4 million ounces at 0.33 opt Ag
- Additional inferred ounces of gold and silver.
Vancouver B.C. - Animas Resources Ltd. --TSXV-"ANI" ("Animas" or the "Company") is pleased to announce that it has now filed a NI 43-101-compliant Technical Resource Estimate Report on Sedar for the Golden Arrow gold project located in Nye County, Nevada dated June 9, 2010. This report was prepared by Mine Development Associates ("MDA") of Reno, Nevada and was authored by Mr. Steven Ristorcelli, CPG, of MDA, and Dr. Odin D. Christensen, CPG, as a consulting minerals geologist, both Qualified Persons as defined by Canadian National Instrument 43-101.
The Classified Mineral Resource report is quoted at a variable cut-off grade of 0.010 ounces gold per ton for oxidized material and 0.015 ounces gold per ton for non-oxidized material and consists of:
| Classification | Tons | Gold grade (opt) | Gold (ounces) | Silver grade (opt) | Silver (ounces) |
| Measured | 1,850,000 | 0.028 | 52,400 | 0.43 | 796,000 |
| Indicated | 10,322,000 | 0.024 | 244,100 | 0.31 | 3,212,000 |
| Measured plus Indicated | 12,172,000 | 0.024 | 296,500 | 0.33 | 4,008,000 |
| Inferred | 3,790,000 | 0.013 | 50,400 | 0.33 | 1,249,000 |
Animas is currently in the process of earning a 51% interest in the Golden Arrow gold property by spending $3.5 million over three years, and a 51% interest in the Kinsley Mountain gold property by spending $1.5 million over three years. Animas is the operator of these two projects.
The resources were modeled and estimated using a geological interpretation provided by Nevada Sunrise Gold Corp. ("NEV"). Mineral domains were interpreted on NE-SW geological cross sections spaced at intervals varying at around 100 feet throughout the extent of the Golden Arrow mineralization. The mineral domain interpretations were then rectified to east-west cross sections spaced at 20-foot intervals. Estimation was done using inverse distance. Quality-control data generated by NEV during the 2008 drilling program were independently reviewed by MDA as part of the resource study. The Technical Report on the Golden Arrow Project dated June 9, 2010 can be found on Sedar at www.sedar.com, or on the Company's website at www.animasresources.com.
The Golden Arrow Property consists of 279 unpatented lode mining claims surrounding 17 patented lode mining claims covering a total area of 5,684 acres (2,300 hectares) located approximately 40 miles (60 km) east of Tonopah, Nevada. Certain claims are subject to an NSR.
The Golden Arrow deposit consists of two mineral centers called Hidden Hill and Gold Coin. The volcanic-rock-hosted gold-silver deposits include both low-sulfide high-angle quartz/gold veins and disseminated hot-springs-style gold mineralization. Mineralization is exposed at the surface at Gold Coin but Hidden Hill is covered by alluvium gravel.
Mineral Resources are not Reserves
Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for minability, selectivity, mining loss and dilution. These mineral resource estimates are in the Measured, Indicated and Inferred mineral resource categories. These Inferred mineral resources are normally considered too speculative geologically for the application of economic considerations that would enable them to be categorized as mineral reserves; however they are allowed to be included in a preliminary economic assessment. There is also no certainty that the Inferred mineral resources will be converted to Measured and Indicated mineral resource categories through further drilling, or into mineral reserves once economic considerations are applied.
Quality Assurance
The mineral resource estimate was completed by Mr. Steven Ristorcelli, CPG, of MDA, and Dr. Odin D. Christensen, CPG, as a consulting minerals geologist, and is based on geological interpretations supplied by NEV to MDA and subsequently modified by MDA. Mr. Ristorcelli is an independent qualified person for the purposes of National Instrument 43-101 standards of disclosure for mineral projects of the Canadian Securities Administrators.
Exploration update at Golden Arrow and Kinsley Mountain, Nevada
Animas is currently completing a program of regional sampling, gravity surveying and mapping on Kinsley Mountain. At Golden Arrow, a drill-target definition program is underway to identify the most favorable targets for resource expansion and identification of new gold targets.
Exploration update at Santa Gertrudis, Mexico
The drilling program is continuing at the Santa Gertrudis gold project in northern Mexico with the 4th hole currently underway. Results from this drill program are expected to be released later this summer.
About Animas Resources Ltd.
Animas Resources Ltd., a North American mineral resource company, has consolidated the Santa Teresa District's Santa Gertrudis precious metal deposits and prospects within a 562 square kilometer land holding. Our mission is to grow Animas 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. Golden Arrow and Kinsley Mountain are the most recent additions to the Animas exploration property portfolio.
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"
____________________
Gregory E. McKelvey, President & Director
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.
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.
Animas Resources completes financing for $1.4 million.
Vancouver B.C. - Animas Resources Ltd. - TSXV-"ANI" ("Animas" or the "Company") announces that it has closed the non-brokered private placement of 4,000,000 units at $0.35 per unit for gross proceeds of $1.4 million. The funds will be used to expand the drill program at the Santa Gertrudis gold project, to conduct exploration at the Golden Arrow and Kinsley Mountain gold properties, and for general working capital.
Each unit is comprised of one common share and one-half of one non-transferable warrant. Each whole warrant entitles the holder to purchase one additional common share for a period of 18 months at a price of $0.55 per common share. No finder's fees are payable on the offering. The completion of the private placement is subject to the regulatory approvals. All securities issued are subject to a four-month hold period. An Insider by way of being a greater than 10% shareholder has subscribed for an additional 2,294,500 units which will increase his ownership of Animas to 18.1%.
Gregory E. McKelvey, President & CEO of Animas commented "We are excited to be continuing our aggressive drilling at Santa Gertrudis, Mexico, and concurrently advancing two quality programs in Nevada toward drilling for additional indications of gold mineralization. We expect drilling on Golden Arrow to commence in the fall and we are excited about testing new gold targets and extending known ones. Our planned program at Kinsley Mountain starts with a sound boot-leather approach augmented by select modern geophysics both designed to continue and update, with modern thinking, the exceptional work completed in the past. We are encouraged by near-by discoveries that have significantly changed the geologic thinking in this part of Nevada."
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 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. Golden Arrow and Kinsley Mountain are the most recent additions to the Animas exploration property portfolio.
This news release was prepared by Company management, who take full responsibility for its content. 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"
____________________
Gregory E. McKelvey, President & Director
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.
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.