Arequipa, Peru, April 25th, 2013 – Gold Horizons Mining (G.H.M) a B.V.I Corporation (ticker: GHMG on GXG markets). Central to the ramping up of gold production and a key component in Gold Horizon’s mining success is the completion of its new Yuromayo processing plant. G.H.M is pleased to report the company has contracted MBM SAC to complete the last construction phase of this cost efficient “on site” C.I.L gold processing plant. Their work will include metallurgy testing, engineering of the tailing ponds and completion and safety testing of the electro/mechanical connections.
MBM SAC has some 35 years experience in consulting, superintendent and trainer in the field of mining and civil construction. The owner/operator of MBM SAC, Scott McInnes is originally from British Columbia, Canada. For the past 20 years he has been living in Peru and successfully operating the company. Gold Horizons Mining has formed a strategic partnership with MBM SAC with the focus on ramping up mining production at the Gloria Mine to some 200 tons per day.
In the coming weeks the agitation tanks will be tested, the mills loaded with steel balls and fine tuned to insure proper milling particle size. The 10 x 20 primary crusher is being installed and the conveyor belts are undergoing testing. In summary, the majority of the processing plant equipment is onsite and each phase of the processing plant from crushing to milling to agitation/leaching and the chemistry involved is being completed and fine tuned. The company expects to be processing its first test batch of mineral within 4 weeks. Scott Francis, CEO and President: “I am pushing all the contractors to stay on schedule and to start processing our mineral by June 1st, 2013. We have hundreds of tons of mineral both from the Gloria Mine as well as nearby surrounding mines waiting to be processed. It has been a busy past 6 months completing the plant and I am very excited to see our hard work come to fruition.”
Gold Horizons Mining 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.