Arequipa, Peru, May 28th, 2013 -- Gold Horizons Mining (GHM) a BVI Corporation (ticker: GHMG on GXG markets) along with its joint venture partner continues to explore and develop the Blanca Vein in preparation for the new Yuromayo processing plant to start. Work is currently focused on exploring and developing this productive vein, specifically a vertical shaft approximately 50 meters deep. Several meters of advancements to the depth are being made each week. Samples are being taken every few meters in order to get a better idea of the mineral grade concentration as we go deeper.
At a depth of 30 meters GHM began drifting along the vein and took the first sample approximately 3 meters into the tunnel. The width of the vein varies ranging from 60-80cm. On May 25th GHM received from Laboratorios Analiticos del Sur sample # MN13005915, description -Vein/Sub Level 1, 30m, reporting 26.48 grams per ton.
The Company is very encouraged by this result; it is consistent with previous samples and GHM’s own testing. GHM will continue to drift along the vein extracting the concentrated mineral, which will be processed in the coming weeks at the new Yuromayo processing plant. GHM will continue to seek out the richest parts of the vein with the immediate goal of increasing production at the Blanca Vein to 20 tons per day in the coming months.
About Gold Horizons Mining Co. Ltd.
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.