Animas Resources Ltd. - Santa Gertrudis

Santa Gertrudis Santa Gertrudis Photos Santa Gertrudis Maps Recent Drill Log

Work Summary: Available Data

1,017 reverse circulation drill holes totaling 98,620 meters
225 diamond drill holes totaling 21,122 meters
34,000 rock samples
21,000 soil samples
District wide airborne geophysical and Aster surveys
55% of district covered by a soil geochemical survey

Work Summary: Potential

The mine produced over 560,000 ounces of gold from a mine commissioned to start with 1.2 million ounces.
Economic gold mineralization occurs in a 562 sq km mining area, truly a district-sized system
Past production and exploration were limited to oxides
Only cursory exploration was done below 400 meters
Known mineralization extends under post-mineral gravel cover and is open at depth

The Santa Gertrudis Gold Project (the "SG Property"), located 180 km north of Hermosillo, Sonora, Mexico, was discovered by Phelps Dodge in 1986 and advanced to open-pit, heap leach production in 1991. Campbell purchased SG from Phelps Dodge in 1995 for $10 million. 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 from a mine commissioned to start with 1.2 million ounces. During the same period, the Amelia Mine, previously owned by an Australian company, produced over 1 million tonnes at 2.88g Au/tonne ounces of gold from the Amelia deposits directly north of the Campbell Resource's operations. Campbell 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 local Mexican contractors ("Lopez-Limon").

Recent transactions consolidated the concessions within the district thus allowing for a district-wide exploration program. Other mineral properties that are part of the SG Property package include recently staked ground to the west, northwest and southeast of the SG Project's historic workings.

Past work on the properties is extensive and most documentation is available for Animas Resources to build their gold discovery program.

Animas Resources will own directly or have options to earn-in on a combined holding of approximately 34,800 hectares in the SG Property (214 square miles). The SG Property is part of the Santa Teresa Mining District in the Cucurpe Municipality of the northern Mexican state of Sonora. It lies within Mexico's "Free Zone", which allows for imports to incur a 33% lower import tax.

Remaining historic resources for the SG Property as recorded by Campbell when production ceased in 2000 (Barrera, November 30, 2000) are non-NI 43-101 compliant and include 8.1 million tonnes averaging 0.94 g Au/tonne on the Lopez-Limon concessions, and 5.9 million tonnes averaging 1.71 g Au/tonne on Sonora Gold Corporation's concessions. These historic resources can not be relied upon as they do not meet CIM definition standards but are reported here for historical purposes only. Our early goal is to establish and build upon these occurrences to establish NI 43-101 compliant resources.

In addition to verifying near-surface, oxide mineralization, Animas Resources SG veteran geologists will aggressively define the economic potential in the SG Property's numerous known sulfide zones, ignored during the open-pit, heap leach operations of 1991 -- 2000, as well as investigating potential, deep feeder structures of Carlin- type mineralization throughout the property.

In 1997, Campbell commissioned Behre Dolbear & Company, which concluded: "...that the property contains potential for a deep, Carlin-type target from an examination of the property and the presently available data for the project. The geology, structure, geochemistry, geophysics and mineralization are indicative of this type of system and the similarities to the Post-Betze deposit are very striking. Santa Gertrudis is at the same position the Carlin Trend was at the point in time Barrick bought the Gold Strike property from Western States Minerals and started their deep exploration program." and "The deep exploration potential at SG is very positive and the chance for deep mineralization is very good. The surface potential, as you know, is without question". There is excellent potential for additional shallow gold deposits both adjacent to known oxide gold occurrences and under shallow gravel cover.