Animas Resources Advances Exploration At Golden Arrow Gold Property, Nevada

Wednesday, 28 July 2010 00:51

Animas Resources Ltd. (TSX.V:ANI) is pleased to report significant progress in its field exploration program at the Golden Arrow project in Nevada.

Completed and filed an updated NI 43-101 Technical Report
Completed a gradient array IP/resistivity survey.
Completed a RIP survey covering the entire Golden Arrow property
Surveyed a single 1.8 kilometer line of dipole‐dipole IP, crossing the Hidden Hill and Gold Coin mineral centers
Secured water for drilling
Selected drilling contractors for core and reverse circulation drilling to start in September

Golden Arrow, Nevada

The Golden Arrow property is located in the central Nevada high desert, approximately 60 kilometers (40 miles) east of Tonopah, Nye County, Nevada, on the eastern flank of the Kawich Range and the eastern rim of the Kawich volcanic caldera. The property consists of both patented and unpatented mining claims covering an area of 2,300 hectares (5,684 acres). Historic mining in the early 1900's followed high-grade gold and silver in quartz vein deposits. More recent exploration work at Golden Arrow has drill-defined the Gold Coin and Hidden Hill gold-silver deposits, that are hot-springs style gold mineralization disseminated in volcanic host rock. Golden Arrow contains a Measured and Indicated Mineral Resource of 296,500 ounces gold and 4,008,000 ounces silver and an Inferred resource of 50,400 ounces of gold and 1,249,000 ounces of silver (NI43-101 report, June 9, 2010), as outlined in the following table.

Category	Tons	Gold Grade	Gold Ounces	Silver Grade	Silver Ounces
Measured	1,850,000	0.028 opt	52,400	0.43 opt	796,000
Indicated	10,322,000	0.024 opt	244,100	0.31 opt	3,212,000
Total M&I	12,172,000	0.024 opt	296,500	0.33 opt	4,008,000
Inferred	3,790,000	0.013 opt	50,400	0.33 opt	1,249,000

Animas has completed:

Steven Ristorcelli, Odin Christensen, and the staff of Mine Development Associates completed an updated Technical Report on the Golden Arrow property addressed to Animas.

Zonge Geosciences Inc. completed a gradient array IP/resistivity survey at Golden Arrow. The survey covered 6 defined blocks totaling about 9.3 square kilometers and approximately 55 line kilometers, with lines at 100 and 200 meter spacing. The survey covered Gold Coin, Hidden Hill, the Page fault, and the geochemical target to the southeast of Confidence Mountain. Preliminary images reveal considerable texture reflecting the complex underlying geology. Survey results have been obtained and are currently being evaluated.

Durango Geophysical Operations ("DGO") completed a Reconnaissance IP (RIP) survey of the entire Golden Arrow property. This comprised 4 separate set up arrays, one in each of the quadrants of the property, to provide a propertywide test for large, physically distinct, exploration targets. DGO also completed a single, 1.8 kilometer line of dipoledipole IP, crossing the Hidden Hill and Gold Coin mineral centers. The results of all the geophysical surveys are being evaluated and will be integrated with the geological database.

Animas selected Major Drilling and Envirotech Drilling LLC as drill contractors for the diamond core and reverse circulation drilling, respectively, at Golden Arrow. Drilling should begin about September 1.

Gregory E. McKelvey, President of Animas Resources Ltd. commented: "our program at Golden Arrow is to use the extensive geophysical data available including gravity, IP and regional magnetic to help plan and guide the upcoming drilling program designed to identify new centers of gold mineralization as well as test several targets with potential for much larger deposits. We are fortunate to have Dr. Odin Christensen leading this effort."

Plans for advancing the targets include a review and targeting session in mid-July, integration of all the new data into the existing GIS program, fencing and securing the open cuts, shafts, and holes, and drilling the best targets starting in September.

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