Arequipa, Peru, February 20th, 2013 — Gold Horizons Mining Co. Ltd. continues to focus on mine development in anticipation of their new Yuromayo Processing Plant scheduled to begin operating in Q1 of 2013. Exploration and development of the 40 meter Blanca mining shaft has been underway since the beginning of 2013. This work has included the widening, reinforcing and general improvement of the vertical direction of the shaft to allow for the installation of electric winches and a highly efficient ventilation system. At a depth of 20 meters two fronts have been started and several meters of new tunnels developed producing several hundred tons of fresh mineral. Mineral samples were collected and the lab results reported on 5/2/2013 show 22.33 grams per ton. Previous assays came in at 13 and 24 grams per ton. These results are significantly better than management’s forecast and the Company is really overjoyed to see such a result confirmed. While these samples do not constitute the entire vein nor do they assure us an average grade per ton we do believe consistent high levels of gold concentration represents a positive perspective on the overall resource value and profitability of the mine.
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 opportunity and identification in the mineral resource sector. The Company specializes in small mine development specifically underground, narrow vein mining. The Company’s strategy has evolved to include the independent 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 contains “forward-looking information. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include statements regarding production estimates and targeted production for 2013. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “anticipation”, “scheduled” and “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 forward-looking information there may be other factors that cause 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 forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.