Vancouver, British
Columbia –
Artha Resources Corporation (TSX.V: AHC) is
pleased to announce that its wholly owned subsidiary
in Argentina,
Minera Crosby S.A, has received approval from the
Jujuy Provincial Government to carry out exploration
activities, including drilling on the Pirquitas
properties in Jujuy Province, NW Argentina.
This approval is the
final formal permit Artha has been seeking so that
exploration can continue on the highly prospective
properties which surround the Pirquitas mine, one of
the largest primary silver mines in the world.
Silver Standard reports that the Pirquitas mine at
full production will produce eight to ten million
ounces of silver and ten to twelve million pounds of
zinc annually, and currently contains proven and
probable mineral reserves of 84 million ounces of
silver, plus measured and indicated resources of
147.5 million ounces of silver as of December 2011.
Artha has already
defined two priority-one targets by coincident
multi-metal geochemistry and induced polarization
(IP) chargeability, namely the Pirquitas NW and
Noeila Breccia prospects (Map 1) which are located
approximately 2km from the Pirquitas mine. Follow-up
surface mapping and sampling (Map 2) is planned to
begin as soon as our team is mobilized to generate
further areas for drilling. The field activities are
planned to take 4-6 weeks once they begin and the
results from this work will be combined with the
existing targets so that a more comprehensive
drilling program can be designed and multiple
targets tested.
Recent drilling
results released by Silver Standard earlier in the
year demonstrate the highly prospective geology
surrounding the Pirquitas deposit, particularly at
the Cortaderas Prospect north of the current open
pit (Map 1). Artha is the first explorer to complete
any modern systematic exploration to date on the
ground covered by our properties. Previous work by
Artha has defined excellent targets but has only
covered a relatively small proportion of the
properties. The Pirquitas exploration is the
priority for Artha for the next few months and all
our efforts will be focused here.
Charles Straw, B.Sc.,
is the qualified person under NI 43-101 responsible
for the technical information in this news release.
Artha was founded by
a team of mining industry professionals with a
proven track record in project generation,
exploration, mining and finance. The team’s primary
goal is to build Artha into a world class mining
company, focused on the discovery, development and
mining of economic minerals deposits globally.
On Behalf of the
Board of Directors,
“Todd McMurray”
President
For Information
Contact:
Todd McMurray
President,
Director
Tel: 1 604 648 1530
Email: todd@artharesources.com
www.artharesources.com
Neither TSX Venture
Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.