New York, New York--(Newsfile Corp. - September 13, 2012) - Valley High Mining Company (OTCQB: VHMC) (the "Company" or "Valley High") is pleased to announce that it has executed a Joint Venture Agreement with Corizona Mining Partners, LLC (the “Agreement”). The Joint Venture will see Valley High become a majority owner of a 966-hectare gold project located in La Libertad, Peru (the “Machacala Project”).
The Agreement provides that Valley High shall contribute an aggregate of $2,000,000.00 USD in direct investment, of which an initial $250,000.00 USD has already been advanced, to further develop the project.
Valley High CEO Michel Van Herrweghe stated: “the Machacala project will be the first of several that the Company will develop in Peru. We are excited at the prospects of the Machacala Project which hosts a 200,000 tonne tailing pile on site, which will be the initial focus of the Company. The company is also expecting the completion of a 43-101 report by mid October 2012 and further delineation of the extensive structures on the property which resulted in the existing tailings pile.”
About Machacala Project: located in the district of Carabamba, Julcan province, La Libertad, Peru. As a result of that previous exploration a large volume of tailings were produced and remain on site. These tailings are a by product of certain structures on the site which also warrant further exploration. For additional technical information, please visit “Project” section of the Company’s web site.
About Corizona Mining Partners, LLC: Corizona Mining Partners, LLC, based in Minneapolis, MN, is a mining company that was founded and operated for the purpose of acquiring and developing mineral assets throughout the Americas along with other joint venture partners.
About Valley High: The Company has a continued focus on the evaluation, acquisition, exploration and development of mineral resource properties. The Machacala Project will be the first of several capital expenditure(s) of which by Valley High is currently evaluating.
For further information, please visit the Company’s web site: www.valleyhighmining.com or www.vh-mining.com
Michel Van Herrweghe, President
Forward-Looking Statements
This news release may include certain forward-looking statements. All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. This notice expressly qualifies all forward-looking statements in this release. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors, which may be identified, from time to time in the Company's public announcements.
Contact: Michel Van Herrweghe
Phone Number: 1-303-647-1914
investor-relation@valleyhighmining.com
Source: Valley High Mining Company