A Panamanian Mining Fund-related group tendered an offer for 50% of the joint venture of Gold Horizons Mining and Atlantis Gold SAC. Atlantis Gold SAC was Gold Horizons Mining's senior venture partner for the Angostura Project.
The merit and due diligence of the said offer were still being evaluated by Gold Horizons Mining. Still, CEO Scott Francis stated that "The long hours and hard work seem to be paying off." Francis further added that regardless of the outcome, he believed that "this is a net positive for the company and it appears to demonstrates Gold Horizons Mining is picking up significant interest as it nears completion of its processing facilities and will be an active commercial producing gold mine."
Gold Horizons Mining Co., a mining start up based in Arequipa, Peru, was committed to build long-term value by providing strategic opportunities in the mineral resource sector. The mining company specialized in narrow vein mining that has evolved to include its own processing of minerals.
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