In line with its continued strategy of securing key operational joint venture relationships that enhance both revenues and profitability of its gold mining and processing business lines, Gold Horizons Mining is pleased to announce its senior joint venture operating partner has reached an agreement with the well respected Nazca based “Lab Peru”. The two companies will partner together to set up a mineral analytical laboratory, which will be based at Gold Horizon's Yuromayo processing plant facility.
The laboratory, which will also have several satellite offices throughout the Arequipa area, will be a much welcomed addition to the mining area adding a level of technical service that is highly needed. Given the stellar reputation of Lab Peru we expect to generate immediate and sustained, strong local demand from miners in the area who are currently left with one of two options: use the local lab which has a current monopoly in the area or take extra time and expense to ship their mineral to be accurately tested to more reputable labs in the Lima and Nazca areas. Our facility will not only save local miners time and money but will also generate key relationships in introducing our processing plant services as well as potentially forming new joint venture mining opportunities.
While the Lab Peru business will be an independent revenue-generating stream it also creates a synergistic partnership between the two companies. The lab will be profitable from the moment we start working since it will have guaranteed business from the Yuromayo plant. A relationship and association with Lab Peru can only enhance the position and presence of the plant and our brand in the local area while the lab can only help finesse the current approach of management to secure high quality third part mineral supply for the processing plant through the privileged information it will generate.
Gold Horizons Mining Co. Ltd. is a start up gold and silver producer as well as an exploration company operating in Arequipa, Peru. The Company is committed to building long-term shareholder value through strategic opportunities and identification in the mineral resource sector. Gold Horizons Mining specializes in small mine development, specifically underground, narrow vein mining. The Company’s strategy has now evolved to include the processing of its own mineral which has lowered total production costs by up to 50% per ounce. The Company in partnership with its Peruvian joint venture partner, locates, develops and operates gold mining projects just prior to coming online.
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.