The Company would like to further clarify that one of its intended corporate missions is to build upon the current (not "historic") inferred resource estimate at Santa Gertrudis.
In addition, the Company would like to clarify that the statement on its website that "SG property produced 564,000 ounces...." was intended to give historical information on the property. However, this historical information did not include the required information as prescribed by NI 43-101. The Company has now amended its disclosure on its website with the following statement:
"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. 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 operations. Remaining historic resources for the SG Property as reported by Campbell Resources (Oro de Sotula) when production ceased in 2000 (Barrera, November 30, 2000) 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 cannot be relied upon as they do not meet CIM definition standards but are reported here for historical purposes only. The historic production figures were compiled by MDA. The Company has not completed sufficient work to validate the information and is not relying on these estimates as a current mineral resource estimate."
Finally, the Company, contrary to NI 43-101, did not disclose who the qualified person was approving the technical information on its corporate profile and presentation. The Company has since corrected this deficiency by updating its corporate profile and presentation to clearly identify that the Company's Chief Executive Office is the qualified person who has approved, prepared or supervised the preparation of the revised technical information.
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 through development, discovery and acquisition of high-quality mineral deposits and to build upon the current gold resource base at Santa Gertrudis, Mexico, and maintain a pipeline of only the highest quality projects.
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 John R. Wilson, a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators, and the President and CEO of Animas.
You may register to receive future news releases at www.animasresources.com.
John R. Wilson, President & CEO
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.
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.
Animas Resources Ltd.
John R. Wilson
President & CEO
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