VALLEY HIGH MINING COMPANY IS A PRECIOUS METAL(S) EXPLORATION AND DEVELOPMENT COMPANY.
THE COMPANY FOCUS HAS BEEN TO ANALYSE AND EVALUATE LOWER RISK PRECIOUS METAL OPPORTUNITIES.
RECENTLY THE COMPANY HAS COMPLETED ITS EXTENSIVE DUE DILIGENCE ON TWO PROJECTS IN PERU WHICH INCLUDE;
PROJECT MACHACALA - LA LIBERTAD, PERU
PROJECT ORO PUNO - REGION OF PUNO
VALLEY HIGH HAS EXECUTED A JOINT VENTURE AGREEMENT ON MACHACALA AND CONTINUES TO NEGOTIATE A CONTRACT ON ORO PUNO WHICH IS EXPECTED TO BE CONCLUDED IN SET 2012.
VALLEY HIGH CONTINUES TO REVIEW SEVERAL OTHER PROJECTS IN PERU AS IT HAS NOW ESTABLISHED SOLID RELATIONSHIPS WITH EXPERIENCED PARTNERS WHO HAVE OPERATED IN PERU FOR OVER A DECADE. THESE RELATIONSHIPS ENCOURAGE THE COMPANY TO FURTHER FOCUS ON OPPORTUNITIES IN PERU.
VALLEY HIGH MINING COMPANY EXECUTES MACHACALA JOINT VENTURE AGREEMENT
NEW YORK, Sept 13, 2012 /Newswire/ -- Valley High Mining Company (OTCBB: 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.
Andrew Telsey - CEO