Arequipa, Peru - Gold Horizons Mining (G.H.M) a B.V.I Corporation (ticker:GHMG on GXG markets) in conjunction with Atlantis Gold SAC, Gold Horizons Mining senior joint venture partner of the Angostura Project received a tender offer for 50 percent of the mines joint venture by a group operating a Panamanian Mining Fund. Gold Horizons Mining Co. Ltd. is part of this joint venture tender offer.
At this time the board and GHM's attorneys are evaluating the offer and will refer back upon completion of the due diligence and merit of the offer. CEO Scott Francis commented, "regardless of the outcome here I believe this is a net positive for the company and it appears to demonstrates Gold Horizons Mining is picking up significant interest as it nears completion of its processing facilities and will be an active commercial producing gold mine. The long hours and hard work seem to be paying off."
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 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 2012. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "appears", "seem", 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.