Arequipa, Peru, 10-3-2013 -- Gold Horizons Mining Co. Ltd. (GHM) a BVI corporation (ticker: GHMG on GXG markets) is pleased to announce the Yuromayo processing plant starts processing its first mineral load. CEO and President, Scott Francis explains:
“We have been running the plant for the past week and are in the middle of processing our first 300 tons of mineral ore from the Gloria mine. Overall things are progressing very well. As I predicted and to be expected with a brand new plant there's bound to be small mechanical problems that need to be addressed that reveal themselves only when full production is underway. Each day we confront the issues, solve the problem, make the adjustments and continue moving forward in an efficient and methodical manner with the processing of the ore. In the coming few weeks it's expected that GHM will start wholesale selling of the first quota of mineral/gold independently produced from the Yuromayo plant." Scott continues:
"Upon confirmation that the plant is properly operating and recovering above 85% yield we will begin to process mineral from a variety of surrounding local mines which will prove to be a substantial addition to the company's revenue sheet. There are many, many mines here that will benefit greatly from an efficient processing plant powered from the national grid rather than transporting ore over much greater distances to an expensive diesel powered plant. There is still much work to do at the plant but I am very pleased to have begun physically processing gold and look forward to seeing the plant at full capacity processing mineral 24 hours a day 7 days a week.”
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 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.