Arequipa, Peru - Gold Horizons Mining (GHM) a BVI Corporation (ticker: GHMG on GXG markets) released news today that its senior joint venture partner and operator of the Yuromayo processing plant Gold Horizons Mining SAC has signed a Letter of Intent with a senior representative of a local mining collective to process all the mineral on a monthly schedule from as many as 12 different mines he represents in the local area as well as two larger mines with a history of significant high grade mineral production. These small, productive and profitable mines have been working in Southern Peru for a number of years transporting their mineral to Chala, several hundred kilometers away, at a cost approximately of $100 per ton. Working with GHM will reduce those costs to under $50 per ton with Gold Horizon's commitment to process their mineral at the same cost as the Company itself currently incurs.
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