(FSE:GKW) (“Gold Horizons Mining Co. Ltd.” or the “Company”) is pleased to announce that several kilometres of road development has been completed at the Gloria concession, providing access to the North, North West edge of the concession. “The property contains 10 named quartz veins of potentially economic significance along four principal structures that traverse the property. All of these veins are oriented WNW to NW with steep dips to the southwest following the structural grain of the district.”*
Before the completion of this road, access was mainly limited to the Blanca Vein and the South West section of the concession. There is now access to the majority of all the known veins on the property. Several veins North West of the Tableada Vein have been revealed as a result of the road being cut. These veins appear to be similar in strike lengths, greater than 500 meters on the surface, to that of Malu and Tableada. CEO and President remarked, “I am pleased and excited to open up the mine for further exploration and work towards defining a resource estimate and help prioritize the underground development of the property’s veins.”
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 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 processing of its own mineral, which has lowered the total 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 “planned”, “expects”, “indicates”, and “estimated”. 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.