Arequipa, Peru, April 16, 2013 — Gold Horizons Mining Co. Ltd. continues to explore and develop the Blanca Vein in preparation for its Yuromayo processing plant, which is scheduled to start production in the coming months. The 11th of February saw the company receive its highest assay results to date. We took several samples and the results can be seen in the attached document. In the lower Blanca tunnel, sample MN13003856 we received 10.33 grams per ton. In the Blanca upper tunnel, sample MN13003858 we received 12.30 grams per ton. We have come to expect at least 10 grams per ton from the Blanca vein given the entirety of past assay results. We were not, however, expecting nor were we prepared for the sampling results in the lower Blanca tunnel (20 meters down the shaft) on the two new fronts. These results far exceed our expectations with sample MN13003857 reporting 78.37 grams per ton and sample MN 13003858 reporting 97.15 grams per ton. We will continue to exploit this area mining several tons of ore per day to better confirm the average grade per ton numbers. After crushing and milling several hundred tons of this mineral we will report back with a more conclusive overall gram per ton average.
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.