Ardent Mines Receives Highly Favorable Results and Grades from Samples at its Gold Hills (Serra do Ouro) Project in Northeastern Brazil *Positive grades for all samples collected: Certain samples return significant grades of 56.10 g/t, 30.20 g/t and 24.30 g/t *Expanding exploration area on highly favorable field and lab tests Business Wire NEW YORK -- August 07, 2012 Ardent Mines Ltd. (OTCQB: ADNT) (the "Company" or "Ardent Mines"), a precious resources exploration, development, and mining company focused on advancing its two gold properties in Brazil, announced that results obtained from chemical analysis of its systematic sampling review of the identified vein and host rocks at the Gold Hills (GH)-01 Target area returned positive grades for all samples collected on the ore zone. In the traditional quartz vein ore samples, three returned values over 20 grams of gold per ton. Those grades were in areas that were initially expected to be around 15 to 20 g/ton. In addition to the high grades confirmed in the traditional quartz vein type ore, the Company has confirmed its hypothesis on the mylonite/breccia rock inside of the mineralized zone, as tests returned grades consistently a little over 1 gram per ton on average. There were also positive results from the host rock (or lateral zone), with samples returning grades of 1.4g/t of gold and 0.25g/t of gold. Mr. Luciano Borges, geologist and President of Ardent Mines, commented, “Our recent advances in understanding the mineralization, confirming our exploration model hypothesis and identifying that the previous historical exploration and exploitation data was restricted only to the quartz vein type ore, leads us to believe that there is not only the potential for substantially more gold both in the already inferred area at the GH-01 Target zone, but also for the whole project.” Sampling channels, which were made by cutting across the whole roof of the tunnel samples, was executed in order to test the average of a package including material from both the rich quartz veins and the supposedly barren host rock. Those samples also returned positive results, with grades up to 8 grams per ton. The average grades obtained for each type of material checked on that sampling package are shown in the following table: AVERAGE GRADE (per rock type) Pure quartz vein material: 14.72 Mylonite and quartz vein material 3.31 Pure mylonite/breccia material 0.49 Pure biotite schist 0.21 Just host rock average 0.28 Package average: 5.60 Gold assays of rock samples were completed by Acme Analytical Laboratories Ltd., Vancouver, British Columbia, an IS0 9001:2008 accredited facility. Field Test Yields Gold Visible to Naked Eye Given the confirmation by the laboratory analysis, the Company’s field team expedited a field test of a sample collected on an outcrop composed of pure mylonite/breccia material, located between the GH-01 and GH-02 Targets. That field test – a simple hand panning of the material obtained through a manual crushing of a small amount of rock collected at the outcrop – provided many small particles of gold visible to the naked eye. As a result of the favorable field and lab tests, the Company’s technical team broadened the Gold Hills Project by expanding the exploration priorities to include neighbor host rocks. Expanding Exploration Area During the course of the systematic densification of the geological information grid built to cover the area between the GH-01 and GH-02 Targets, the field test revealed the existence of a different type of gold mineralization, apparently related to pegmatite veins. Such discovery is particularly important because it expands the type of rocks and structures with gold potential not yet described within Ardent’s property, and, it is similar to known occurrences located southwest of our property which historically and currently are exploited by small scale artisanal miners. Mr. Borges noted, “Although, as expected, the grades on the host rocks are lower than those found in the quartz veins, it is critical to note that these rocks also contain gold which ultimately can substantially expand the volume of ore, both on the mineralized zone and the lateral host rock, forming a ‘mineralized package’ much thicker than the quartz veins alone. Given that there are a vast number of non-tested outcrops of host rock identified in the region, we are expanding our exploration area.” Over the last three weeks, the Company has focused on its infrastructure in preparation for the recently contracted drilling campaign for its newly expanded exploration program, which is expected to commence in the next week. ABOUT ARDENT MINES Ardent Mines plans to develop low cost gold mining operations in Brazil, a mining friendly jurisdiction on two primary projects, Gold Hills and Misty Hills. Ardent Mines owns a 100% interest in Gold Hills Mining Ltda., which in turn owns mineral rights on 3,500 hectares, covering a highly-mineralized vein containing high grades of gold. Ardent Mines also owns the mineral rights on the Serra do Sereno (Misty Hills) property, located in Carajas, Brazil, one of the better known mining districts in the world. Ardent Mines is headquartered in New York, and has a field office in Brasilia. The Company has 16.3 million shares outstanding, and trades under the ticker symbol ADNT. For more information on Ardent Mines Ltd., visit its website at www.ardentmines.com. Forward-Looking Statements This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These forward-looking statements are based upon currently available competitive, geological, financial, and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Our actual results may vary materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. Ardent Mines cannot provide assurances that any prospective matters described in the press release will be successfully completed or that Ardent Mines will realize the anticipated benefits of any mining activities or transactions. Various risk factors that may affect our business, results of operations and financial condition are detailed from time to time in the Annual Report on Form 10-K and in the Current Reports on Form 8-K and other filings made by Ardent Mines with the U.S. Securities & Exchange Commission. Ardent Mines undertakes no obligation to update information contained in this release. Neither the OTC or any Market Regulation Services Provider (as that term is defined in the policies of the OTC and SEC) accepts responsibility for the adequacy or accuracy of this release. Contact: Ardent Mines Ltd. Luciano Borges President Phone: 55-61-30334964 Phone: 855-ARDENTM (273-3686) Email: firstname.lastname@example.org
Ardent Mines Receives Highly Favorable Results and Grades from Samples at its Gold Hills (Serra do Ouro) Project in Northeastern
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