Gold Horizons Mining signs Letter of Intent to process local miners mineral in Southern Peru

Arequipa, Peru, June 5th, 2013  -- Gold Horizons Mining (GHM) a BVI Corporation (ticker: GHMG on GXG markets) released news today that its senior joint venture partner and operator of the Yuromayo processing plant Gold Horizons Mining SAC has signed a Letter of Intent with a senior representative of a local mining collective to process all the mineral on a monthly schedule from as many as 12 different mines he represents in the local area as well as two larger mines with a history of significant high grade mineral production. These small, productive and profitable mines have been working in Southern Peru for a number of years transporting their mineral to Chala, several hundred kilometers away, at a cost approximately of $100 per ton. Working with GHM will reduce those costs to under $50 per ton with Gold Horizon's commitment to process their mineral at the same cost as the Company itself currently incurs.

Under the agreed terms Gold Horizons SAC will have an exclusive processing right on the entire mineral and ore tonnage extracted from these mines. Mineral/ore deliveries will be twice a month to the plant. Based on past operating history Gold Horizons SAC can expect an average 800 tons per month with a grade of 10 g/ton. 

CEO and President, Scott Francis explains: ”We are delighted to work with the local miners in the area. It is a win, win situation for all parties and for us it is comforting to know that the plant will have a steady flow of mineral from the day it begins operations. This is all part of the Company's expansion and development plans with the intention to create two separate and independent revenue streams from each of its joint venture arms. I am confident demand for our processing plant services will continue to grow once the plant begins operations and the word spreads among the populous mining community of Southern Peru.”

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 Co

mpany, 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 "expect", "confident" 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.