Wednesday, November 14, 2012

Valley High Mining reports positive results from its Machacala Project

Valley High Mining Company today announced that it has received initial internal test results on the tailings pile at its Machacala Project located in the district of Carabamba, Julcan Province, La Libertad, Peru.

The average gold grade over the multiple tests on the tailings exceeded previous sampling in historical reports. The average silver grade of the multiple tests on the tailings came in less than findings in previous studies on the property.

Valley High CEO Andrew Telsey stated, "We were expecting a gold grade of around 1.2g/T, but the results came back with an average grade of 1.71g/T.

We were expecting a silver grade of around 2.44oz/T, but the results came back with an average grade of 1.84oz/T. Generally speaking, we were very pleased with these results."

The Company believes that the combination of all the sample results validated the premise that production of the tailings is economical and viable.

While no assurances can be provided, on the basis of the test results the Company believes it can recover approximately 85%+ of the gold and approximately 40--50% of the silver in the 210,000 tons of tailings with the plant it plans to put into operation.