Arequipa, Peru, 30 th January, 2014Â -- Gold Horizons Mining (GHM) a BVI public
corporation (ticker: GHMG on GXG markets) announced in its letter to
shareholders dated 16th January, 2014 the company's remarkable findings of
mineral in the lower Blanca vein shaft testing 217.90 g/t of gold. As stated our
intention was to extract the mineral and process it as soon as possible.
We are pleased to report that the past 10 days have seen us extract some 10 tons
of this mineral and deliver it directly to our Yuromayo processing plant. We
will confirm the final g/t results in the next few weeks as we schedule this
mineral to be processed.
In related news Gold Horizon's Mining senior joint venture partner has received
a cash injection from US Hedge Fund to facilitate the operations at the
processing plant and to resource the commissioning of the new laboratory located
on site at the plant.
Gold Horizons is also pleased to announce that in conjunction with the hedge
fund participation the hiring of an esteemed engineer to consult specifically on
the functionality of the laboratory and overall efficiency of the processing
plant. The new laboratory's construction will be completed within the next 10
Mr. Carter Boggus is an experienced expert on cyanide leach gold ore processing
and laboratory chemical analysis of precious metals in the United States. His
expertise is needed to begin this effort right away with no false starts as we
fully expect large amounts of mineral to be contracted for processing to
Yuromayo from mines in the area and he certainly has the knowledge, skills,
depth of expertise and training experience to get this operation going full tilt
immediately and we at the company and at the mine are both proud and humbled to
have him so enthusiastically involved.
Company contact info:
Peru Operations: Â +51 988 988 003
Investor Relations: Â +1 940 604 6397
Fax: Â +1 702 920 7611
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 near production ready mineral projects in Peru.
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 2014/15. 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
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.
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Source: Gold Horizon Mining Co. Ltd. via GlobeNewswire