Lundin says hold Animas Resources

2008-04-21 20:25 ET - In the News

Brien Lundin, in the April, 2008, edition of the Gold Newsletter, says hold Animas Resources Ltd., recently $1.60. Mr. Lundin said buy Animas in September, 2007, at 80 cents. A $1,000 investment is now worth $1,948. Animas has made yet another acquisition at its continually growing Santa Gertrudis gold project in Mexico. It added 8,500 hectares through the acquisition of the neighbouring San Enrique and Greta properties. The 954-hectare Greta portion boasts six small, near-surface, bulk-tonnage gold deposits outlined by previous operators. However, what really has the company tingling with excitement is the potential for deeper, high-grade, Carlin-style mineralization. In any event, the recent acquisition means Animas will have no shortage of quality drill targets, improving its chances of turning this property into a winner. To become such a winner, Animas has created a special geophysical group with a mandate to use new ideas to sift through the extensive historic data. It hopes that this innovative group can find shallow gold resources within the footprints of past mining operations as well as large Carlin-like gold occurrences. Mr. Lundin advises investors to sit tight until this new thinking starts bearing fruit.