Animas Closes Shirley Acquisition
By Eric Pratt
Monday, April 14, 2008
Animas Resources Ltd. has closed the acquisition of 100 per cent of the Shirley property in the Bacanuchi area of Sonora, Mexico. The TSX Venture Exchange has also accepted the transaction.
The Shirley property is 274 square kilometres in the Bacanuchi area in northern Sonora, Mexico. The property covers a very impressive colour anomaly likely caused by hydrothermal alteration and oxidization of sulphide 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 host 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 kilometres (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 United States/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.
Animas Resources recently received permission to use past geophysical data collected on the Shirley property in the 1990s 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 Mr. McKelvey.
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