Animas Resources Closes Acquisition of Shirley Property and Acquires Additional Data
Mon Apr 14, 4:00 PM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2008) - Animas Resources Ltd. (TSX VENTURE: ANI.V) has closed the acquisition of 100 percent of the Shirley Property in the Bacanuchi area of Sonora, Mexico. The TSX Venture Exchange has also accepted the transaction.
Shirley Property
The Shirley Property is 274 square kilometers in the Bacanuchi area in northern Sonora, Mexico. The property covers a very impressive color anomaly likely caused by hydrothermal alteration and oxidization of sulfide minerals exposed to surface weathering. The Bacanuchi area is known for its past copper, gold, and silver production from artesanal mines. The CRM airborne magnetic dataset details the Bacanuchi area to be within the same productive batholithic rocks that hosts the Cananea and the Maria producing gold mines. Additionally, there are several well defined magnetic "low" features within the Bacanuchi magnetic dataset which could well represent the hydrothermal destruction of magnetic minerals. The gold potential has never been assessed in light of modern exploration ideas and the porphyry copper potential may not have been completely evaluated by previous explorers.
The Shirley Property is located 25 km northeast from the Company's Santa Gertrudis Gold Project and 35 km south of Cananea, a world-class porphyry copper deposit located 40 km south of the US/Mexico border.
"The Shirley Property is within the highly productive Larimide trend of major copper deposits in northern Sonora and represents an opportunity for covered porphyry and base metal deposits. This is a prospect that could generate interest from potential joint venture partners. The Animas geological team is very familiar with the project area," commented Gregory E. McKelvey, President of Animas Resources.
Additional Data Acquisition
Animas Resources recently received permission to utilize past geophysical data collected on the Shirley Property in the 1990's when the prevailing copper prices where low. Chris S. Ludwig, Consulting Geophysicist, has been engaged to handle the data review and recompilation. "The permission to use this historic geologic and geophysical data will greatly increase the speed in advancing the project to key decision points," stated Gregory E. McKelvey.
About Animas Resources Ltd.
Animas Resources Ltd., a North American mineral resource company focused on acquisition and discovery in Latin America, has re-consolidated the Santa Teresa District's Santa Gertrudis gold deposits and prospects within a 447.14 square kilometer (172.64 square miles) land holding. The Company also controls the 274 square kilometer (113.78 square miles) Shirley exploration concession in the Bacanuchi area of Northern Mexico.
Gregory E. McKelvey, President & Director
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
Contacts
Gregory E. McKelvey
Animas Resources Ltd.
President & Director
(604) 687-6197
(604) 688-3392 (FAX)
Website: www.animasresources.com |
