Arequipa, Peru - Gold Horizons Mining (G.H.M) a B.V.I Corporation (ticker:GHMG on GXG markets) in conjunction with its joint venture partner is preparing the Blanca and Malu veins for increased production and exploration work. CEO and President Scott Francis explains: "The past 6 months have seen us working diligently to complete our processing plant which is scheduled to start producing up to 50 tons per day come June 1st, 2013. In anticipation of this increased processing capacity we are developing a comprehensive mining plan for the Malu/ Blanca vein. This includes topographical mapping of the veins, systematic sampling along the vein, widening the existing tunnel to allow for mining equipment such as scoops, Eimco mucking machines and ventilation equipment to be installed. With the topographical survey just completed we can now determine where our chimneys will be located as we tunnel from the Blanca vein to intersect the Malu vein approximately 200 meters away. Past assays report the Malu vein to be one of the richest veins at the Gloria concession. Up until now the mineral extracted from Malu was surface ore and it is our belief that intersecting this vein at a much deeper level will provide us with a significant higher grams per ton rate than we have seen to date. Overall, I am excited with the steps we are taking to increase daily production. Mining is expensive and we have at least 6 other veins we want to be developing and with increased revenues to come from our self processing of 50 tons per day we will reinvest to continue to increase monthly production."
Gold Horizons Mining Co. Ltd is a start up gold and silver producer. 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 gold mining. The Company, in partnership with its Peruvian joint venture partner, locates, develops, and operates near production ready mineral projects in Southern, Peru.
Contact Info:
www.goldhorizonsmining.com
Peru Operations: +51 988 988 003
Investor relations: 1 940 604 6397
Fax: 1 702 920 7611
scott@goldhorizonminig.com
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Topographical Map of Malu Blanca Veins.
Forward Looking Statements This press release by its very nature contains forward-looking information. Except for statements of historical fact certain information contained herein constitutes forward-looking statements which may include statements regarding production estimates and targeted production for 2013/14. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipation", "scheduled" or "believe". 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 the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in this forward-looking information there may be other factors that cause the 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 any forward-looking information or statements. The Company does not undertake to update any forward-looking information or statements except in accordance with applicable securities laws.
